Morgan Stanley Reduces Wells Fargo & Company (NYSE: WFC) Price Target to $59.00

Wells Fargo & Firm (NYSE: WFC) had its target cost decreased by Morgan Stanley from $66.00 to $59.00 in a record provided on Tuesday morning, The Fly records. Morgan Stanley currently has an overweight ranking on the monetary services provider’s stock.

A variety of other broker agents likewise recently provided records on WFC. Citigroup upgraded Wells Fargo & Business from a neutral score to a buy score and also lowered their price goal for the stock from $58.00 to $56.00 in a research study record on Monday, April 11th. StockNews.com began coverage on Wells Fargo & Business in a research study record on Thursday, March 31st. They provided a hold rating on the stock. Piper Sandler set wells fargo stock forecast a $48.00 rate goal on Wells Fargo & Firm in a study record on Monday, June 20th. Jefferies Financial Group lowered their price goal on Wells Fargo & Business from $55.00 to $47.00 in a research study report on Monday. Ultimately, Barclays raised their price goal on Wells Fargo & Firm from $62.00 to $64.00 in a research study report on Monday, April 18th. Five investment analysts have ranked the stock with a hold ranking and also twelve have provided a buy ranking to the company’s stock. Based upon data from FintechZoom, the firm has a consensus ranking of Moderate Buy and also a consensus target cost of $55.50.

Wells Fargo & Firm stock opened up at $39.60 on Tuesday. Wells Fargo & Firm has a one year low of $36.54 and a one year high of $60.30. Business has a fifty day moving ordinary rate of $41.85 as well as a 200-day moving average cost of $48.22. The firm has a debt-to-equity ratio of 0.95, an existing proportion of 0.80 and a quick proportion of 0.79. The firm has a market capitalization of $150.10 billion, a P/E proportion of 8.23, a PEG proportion of 0.98 as well as a beta of 1.16.

Wells Fargo & Business (NYSE: WFC– Get Score) last posted its quarterly revenues outcomes on Thursday, April 14th. The monetary services provider reported $0.88 EPS for the quarter, topping experts’ consensus price quotes of $0.81 by $0.07. Wells Fargo & Business had a return on equity of 12.20% and also a web margin of 25.35%. The firm had profits of $17.59 billion throughout the quarter, compared to analyst quotes of $17.82 billion. Throughout the exact same duration in 2014, the business made $1.05 earnings per share. The business’s income for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts anticipate that Wells Fargo & Company will post 4.02 revenues per share for the current .
The business also just recently divulged a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of document on Friday, May sixth were released a $0.25 reward. The ex-dividend date of this reward was Thursday, May 5th. This stands for a $1.00 annualized returns and a dividend return of 2.53%. Wells Fargo & Business’s reward payment ratio is currently 20.79%.

In other information, EVP Kleber Santos offered 22,700 shares of Wells Fargo & Company stock in a purchase dated Tuesday, May 3rd. The stock was cost an ordinary rate of $44.44, for an overall worth of $1,008,788.00. Complying with the purchase, the executive vice president currently owns 21,478 shares in the business, valued at $954,482.32. The transaction was revealed in a record submitted with the SEC, which can be accessed through this web link. 0.05% of the stock is currently owned by insiders.

Institutional investors as well as hedge funds have actually recently included in or decreased their stakes in the company. Site Wide range Administration LLC purchased a brand-new risk in shares of Wells Fargo & Firm in the very first quarter worth regarding $40,000. Level Financial Advisors Inc. acquired a brand-new risk in shares of Wells Fargo & Company in the 4th quarter worth concerning $25,000. Gibson Wealth Advisors LLC bought a brand-new stake in shares of Wells Fargo & Company in the 4th quarter worth regarding $25,000. Financial Administration Professionals Inc. grew its stake in shares of Wells Fargo & Firm by 193.3% in the very first quarter. Financial Management Professionals Inc. currently owns 522 shares of the economic companies’s stock worth $25,000 after purchasing an extra 344 shares during the last quarter. Finally, FNY Investment Advisers LLC got a new stake in shares of Wells Fargo & Business in the first quarter worth regarding $25,000. Hedge funds as well as other institutional financiers have 74.01% of the company’s stock.

About Wells Fargo & Firm (Get Rating).

Wells Fargo & Firm, a varied monetary services firm, offers banking, investment, home mortgage, and customer and industrial money products and services in the USA and also globally. It operates through four sectors: Consumer Banking and Financing; Commercial Financial; Corporate and also Investment Banking; as well as Wide Range and Financial Investment Monitoring.