Wells Fargo & Company (NYSE: WFC) had its target rate decreased by Morgan Stanley from $66.00 to $59.00 in a report released on Tuesday morning, The Fly reports. Morgan Stanley currently has an obese score on the economic services provider's stock.

A variety of other broker agents likewise recently provided records on WFC. Citigroup updated Wells Fargo & Firm from a neutral score to a buy rating and also decreased their rate purpose for the stock from $58.00 to $56.00 in a study report on Monday, April 11th. StockNews.com began protection on Wells Fargo & Business in a study report on Thursday, March 31st. They issued a hold ranking on the stock. Piper Sandler set wells fargo stock forecast a $48.00 rate goal on Wells Fargo & Firm in a research record on Monday, June 20th. Jefferies Financial Group lowered their price purpose on Wells Fargo & Firm from $55.00 to $47.00 in a research record on Monday. Finally, Barclays raised their cost objective on Wells Fargo & Firm from $62.00 to $64.00 in a research record on Monday, April 18th. Five investment experts have rated the stock with a hold score and also twelve have actually provided a buy ranking to the firm's stock. Based on information from FintechZoom, the firm has an agreement ranking of Modest Buy and also an agreement target cost of $55.50.

Wells Fargo & Company stock opened up at $39.60 on Tuesday. Wells Fargo & Business has a one year low of $36.54 and a one year high of $60.30. Business has a fifty day relocating typical price of $41.85 and a 200-day relocating ordinary rate of $48.22. The firm has a debt-to-equity proportion of 0.95, a current proportion of 0.80 and a fast ratio of 0.79. The firm has a market capitalization of $150.10 billion, a P/E ratio of 8.23, a PEG proportion of 0.98 and also a beta of 1.16.

Wells Fargo & Company (NYSE: WFC-- Obtain Rating) last posted its quarterly earnings outcomes on Thursday, April 14th. The economic services provider reported $0.88 EPS for the quarter, covering experts' consensus estimates of $0.81 by $0.07. Wells Fargo & Company had a return on equity of 12.20% as well as a web margin of 25.35%. The company had earnings of $17.59 billion throughout the quarter, contrasted to analyst price quotes of $17.82 billion. Throughout the same duration in 2014, the business made $1.05 earnings per share. The business's profits for the quarter was down 5.2% on a year-over-year basis. Sell-side experts anticipate that Wells Fargo & Firm will certainly upload 4.02 earnings per share for the current fiscal year.
The business additionally recently revealed a quarterly reward, which was paid on Wednesday, June 1st. Shareholders of record on Friday, May 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $1.00 annualized reward as well as a dividend return of 2.53%. Wells Fargo & Business's reward payment ratio is presently 20.79%.

In other information, EVP Kleber Santos sold 22,700 shares of Wells Fargo & Business stock in a purchase dated Tuesday, May 3rd. The stock was cost an average rate of $44.44, for a total value of $1,008,788.00. Complying with the purchase, the executive vice head of state currently owns 21,478 shares in the company, valued at $954,482.32. The purchase was revealed in a record submitted with the SEC, which can be accessed through this web link. 0.05% of the stock is currently had by insiders.

Institutional investors and also hedge funds have actually just recently added to or lowered their risks in the company. Site Riches Monitoring LLC acquired a brand-new stake in shares of Wells Fargo & Company in the initial quarter worth concerning $40,000. Degree Financial Advisors Inc. got a brand-new stake in shares of Wells Fargo & Business in the fourth quarter worth about $25,000. Gibson Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Firm in the 4th quarter worth regarding $25,000. Financial Management Professionals Inc. expanded its stake in shares of Wells Fargo & Firm by 193.3% in the initial quarter. Financial Monitoring Professionals Inc. now has 522 shares of the economic services provider's stock worth $25,000 after purchasing an added 344 shares during the last quarter. Lastly, FNY Financial investment Advisers LLC got a new stake in shares of Wells Fargo & Firm in the first quarter worth about $25,000. Hedge funds as well as other institutional investors have 74.01% of the company's stock.

About Wells Fargo & Business (Get Rating).

Wells Fargo & Business, a varied economic solutions company, supplies financial, investment, home loan, as well as customer as well as commercial money services and products in the United States as well as worldwide. It runs through 4 segments: Consumer Banking and Lending; Commercial Financial; Corporate as well as Investment Banking; and Wide Range and also Financial Investment Administration.