Wells Fargo & Co. (NYSE:WFC)‘s stock had its “underperform” rating reiterated by research analysts at Macquarie in a research report issued to clients and investors on Tuesday.

Several other analysts have also recently issued reports on WFC. Vetr cut shares of Wells Fargo & Co. from a “hold” rating to a “sell” rating and set a $46.32 price objective for the company. in a research note on Tuesday, August 30th. Citigroup Inc. reaffirmed an “outperform” rating and set a $50.00 price objective (down previously from $56.00) on shares of Wells Fargo & Co. in a research note on Monday, September 26th. Zacks Investment Research cut shares of Wells Fargo & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, September 29th. Deutsche Bank AG reaffirmed a “buy” rating and set a $50.00 price objective (down previously from $59.00) on shares of Wells Fargo & Co. in a research note on Friday, September 16th. Finally, Sandler O’Neill reaffirmed a “hold” rating on shares of Wells Fargo & Co. in a research note on Friday, September 30th. Seven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $49.66.

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

Wells Fargo & Co. (NYSE:WFC) traded up 0.9189% during mid-day trading on Tuesday, hitting $44.9089. 18,288,686 shares of the stock traded hands. The stock has a 50-day moving average price of $46.61 and a 200-day moving average price of $48.03. Wells Fargo & Co. has a 12 month low of $43.55 and a 12 month high of $56.34. The stock has a market cap of $226.59 billion, a P/E ratio of 11.0886 and a beta of 0.91.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. Wells Fargo & Co. had a net margin of 23.91% and a return on equity of 12.72%. The firm earned $22.30 billion during the quarter. During the same quarter last year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Wells Fargo & Co. will post $4.02 earnings per share for the current year.

In related news, COO Timothy J. Sloan sold 20,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 650,815 shares in the company, valued at $31,837,869.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in WFC. Vanguard Group Inc. increased its stake in Wells Fargo & Co. by 2.2% in the second quarter. Vanguard Group Inc. now owns 288,028,042 shares of the financial services provider’s stock worth $13,632,368,000 after buying an additional 6,247,583 shares during the last quarter. Wellington Management Group LLP increased its stake in Wells Fargo & Co. by 2.7% in the first quarter. Wellington Management Group LLP now owns 131,270,916 shares of the financial services provider’s stock valued at $6,348,262,000 after buying an additional 3,450,553 shares in the last quarter. BlackRock Fund Advisors increased its stake in Wells Fargo & Co. by 8.8% in the first quarter. BlackRock Fund Advisors now owns 57,985,130 shares of the financial services provider’s stock valued at $2,804,161,000 after buying an additional 4,695,036 shares in the last quarter. Geode Capital Management LLC increased its stake in Wells Fargo & Co. by 1.3% in the first quarter. Geode Capital Management LLC now owns 39,052,057 shares of the financial services provider’s stock valued at $1,884,841,000 after buying an additional 502,040 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Wells Fargo & Co. by 2.8% in the second quarter. TIAA CREF Investment Management LLC now owns 29,781,903 shares of the financial services provider’s stock valued at $1,409,577,000 after buying an additional 810,161 shares in the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

About Wells Fargo & Co.

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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