Wells Fargo & Co. (NYSE:WFC) – Analysts at Oppenheimer Holdings decreased their FY2017 earnings per share (EPS) estimates for Wells Fargo & Co. in a research report issued on Friday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the brokerage will post earnings of $4.10 per share for the year, down from their previous estimate of $4.22. Oppenheimer Holdings currently has a “Market Perform” rating on the stock.

Wells Fargo & Co. (NYSE:WFC) last posted its earnings results on Friday, October 14th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $22.30 billion for the quarter, compared to analyst estimates of $22.22 billion. Wells Fargo & Co. had a net margin of 23.91% and a return on equity of 12.72%. Wells Fargo & Co.’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS.

Earnings History and Estimates for Wells Fargo & Co. (NYSE:WFC)

A number of other equities analysts also recently commented on the stock. Piper Jaffray Cos. restated an “underweight” rating and set a $43.00 price objective on shares of Wells Fargo & Co. in a research report on Thursday. Evercore ISI restated a “buy” rating and set a $51.00 price objective on shares of Wells Fargo & Co. in a research report on Thursday. Keefe, Bruyette & Woods set a $57.00 price objective on shares of Wells Fargo & Co. and gave the stock a “buy” rating in a research report on Thursday. Argus restated a “buy” rating on shares of Wells Fargo & Co. in a research report on Thursday. Finally, Barclays PLC restated an “overweight” rating and set a $58.00 price objective on shares of Wells Fargo & Co. in a research report on Wednesday, October 12th. 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 company. The stock presently has an average rating of “Hold” and an average target price of $50.03.

Wells Fargo & Co. (NYSE:WFC) opened at 44.71 on Monday. The firm has a 50-day moving average of $46.72 and a 200 day moving average of $48.06. The firm has a market capitalization of $225.59 billion, a price-to-earnings ratio of 11.04 and a beta of 0.91. Wells Fargo & Co. has a 12-month low of $43.55 and a 12-month high of $56.34.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of Wells Fargo & Co. stock in a transaction on Monday, August 8th. The shares were sold at an average price of $48.92, for a total value of $1,002,860.00. Following the completion of the transaction, the chief operating officer now owns 650,815 shares of the company’s stock, valued at $31,837,869.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Sarasin & Partners LLP increased its position in Wells Fargo & Co. by 58.2% in the third quarter. Sarasin & Partners LLP now owns 2,210,545 shares of the financial services provider’s stock worth $97,883,000 after buying an additional 813,072 shares in the last quarter. Advisor Consultant Network Inc. acquired a new position in Wells Fargo & Co. during the third quarter worth approximately $771,000. Webster Bank N. A. increased its position in Wells Fargo & Co. by 6.1% in the third quarter. Webster Bank N. A. now owns 48,657 shares of the financial services provider’s stock worth $2,155,000 after buying an additional 2,804 shares in the last quarter. Charter Trust Co. increased its position in Wells Fargo & Co. by 1.4% in the third quarter. Charter Trust Co. now owns 106,500 shares of the financial services provider’s stock worth $4,716,000 after buying an additional 1,515 shares in the last quarter. Finally, Peddock Capital Advisors LLC acquired a new position in Wells Fargo & Co. during the third quarter worth approximately $198,000. 73.94% of the stock is owned by hedge funds and other institutional investors.

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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