In today’s recent session, 2.94 million shares of the Wells Fargo & Co (NYSE:WFC) have been traded, and its beta is 1.15. Most recently the company’s share price was $73.39, and it changed around -$0.04 or -0.06% from the last close, which brings the market valuation of the company to $244.33B. WFC at last check was trading at a discount to its 52-week high of $74.70, offering almost -1.78% off that amount. The share price’s 52-week low was $42.15, which indicates that the recent value has risen by an impressive 42.57% since then. We note from Wells Fargo & Co’s average daily trading volume that its 10-day average is 21.68 million shares, with the 3-month average coming to 18.17 million.

Wells Fargo & Co stock received a consensus recommendation rating of Hold, based on a mean score of 2.08. If we narrow it down even further, the data shows that 4 out of 33 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 15 recommended WFC as a Hold, whereas 8 deemed it a Buy, and 1 rated it as Underweight.

Wells Fargo & Co (NYSE:WFC) trade information

Instantly WFC has been showing red trend so far today with a performance of -0.06% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 74.70 on recent trading dayincreased the stock’s daily price by 1.75%. The company’s shares are currently up 49.10% year-to-date, but still up 0.85% over the last five days. On the other hand, Wells Fargo & Co (NYSE:WFC) is 13.23% up in the 30-day period. We can see from the shorts that 34.96 million shares have been sold at a short interest cover period of 2.08 day(s).

The consensus price target as assigned by Wall Street analysts is $62.5, which translates to bulls needing to decrease their stock price by -17.42% from its current value. Analyst projections state that WFC is forecast to be at a low of $50 and a high of $92.

Wells Fargo & Co (WFC) estimates and forecasts

Wells Fargo & Co share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 20.44 percent over the past six months and at a -2.95% annual growth rate that is well below the industry average of 21.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.48%. Wells Fargo & Co earnings are expected to increase by 9.52% in 2024, but the outlook is positive 9.26% per year for the next five years.

WFC Dividends

Wells Fargo & Co’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 2.04 percent and its annual dividend per share was 1.50. It is important to note, however, that the 2.04% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.07 per year.

Wells Fargo & Co (NYSE:WFC)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.08% of Wells Fargo & Co shares, and 76.95% of them are in the hands of institutional investors. The stock currently has a share float of 77.01%. Wells Fargo & Co stock is held by 2751.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.7281% of the shares, which is about 310.73 million shares worth $18.45 billion.

BLACKROCK INC., with 7.1338% or 253.97 million shares worth $15.08 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 110.07 shares worth $8.09 billion, making up 3.31% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 89.48 shares worth around $6.58 billion, which represents about 2.69% of the total shares outstanding.