Wells Fargo & Co. (NYSE:WFC) has been assigned a $57.00 price target by investment analysts at Keefe, Bruyette & Woods in a report released on Thursday. The brokerage currently has a a “buy” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 25.77% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Nomura reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a research report on Saturday, July 9th. Barclays PLC reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a research report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a research report on Sunday, June 26th. Zacks Investment Research lowered Wells Fargo & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a research report on Monday, July 18th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the stock. Wells Fargo & Co. has a consensus rating of “Hold” and an average price target of $50.41.

Analyst Recommendations for Wells Fargo & Co. (NYSE:WFC)

Wells Fargo & Co. (NYSE:WFC) traded down 1.57% during mid-day trading on Thursday, reaching $44.61. The company’s stock had a trading volume of 31,470,773 shares. Wells Fargo & Co. has a 52 week low of $43.55 and a 52 week high of $56.34. The stock has a market capitalization of $225.08 billion, a price-to-earnings ratio of 11.01 and a beta of 0.91. The firm has a 50-day moving average of $46.94 and a 200-day moving average of $48.11.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. Wells Fargo & Co. had a return on equity of 12.95% and a net margin of 24.33%. The company had revenue of $22.20 billion for the quarter. During the same period last year, the business earned $1.03 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Wells Fargo & Co. will post $4.02 earnings per share for the current year.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $48.92, for a total transaction of $1,002,860.00. Following the sale, the chief operating officer now directly owns 650,815 shares of the company’s stock, valued at $31,837,869.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.29% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC bought a new stake in Wells Fargo & Co. during the first quarter valued at approximately $93,093,000. Global X Management Co. LLC boosted its stake in Wells Fargo & Co. by 64.8% in the second quarter. Global X Management Co. LLC now owns 2,301 shares of the financial services provider’s stock valued at $109,000 after buying an additional 905 shares during the period. Brick & Kyle Associates boosted its stake in Wells Fargo & Co. by 10.6% in the first quarter. Brick & Kyle Associates now owns 3,153 shares of the financial services provider’s stock valued at $152,000 after buying an additional 303 shares during the period. Tradewinds Capital Management LLC boosted its stake in Wells Fargo & Co. by 4.7% in the second quarter. Tradewinds Capital Management LLC now owns 3,253 shares of the financial services provider’s stock valued at $154,000 after buying an additional 147 shares during the period. Finally, Cedar Wealth Management LLC boosted its stake in Wells Fargo & Co. by 47.8% in the second quarter. Cedar Wealth Management LLC now owns 3,276 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,059 shares during the period. 73.98% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Co. Company Profile

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

5 Day Chart for NYSE:WFC

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