Wells Fargo & Co. (NYSE:WFC) was upgraded by equities research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research note issued to investors on Monday. The analysts noted that the move was a valuation call.

WFC has been the subject of several other reports. JPMorgan Chase & Co. downgraded shares of Wells Fargo & Co. from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $53.50 to $48.00 in a research note on Wednesday, September 21st. Keefe, Bruyette & Woods restated an “outperform” rating and set a $57.00 target price on shares of Wells Fargo & Co. in a research report on Friday, September 9th. Argus restated a “buy” rating on shares of Wells Fargo & Co. in a research report on Thursday, October 13th. Vetr downgraded shares of Wells Fargo & Co. from a “strong-buy” rating to a “buy” rating and set a $51.06 target price for the company. in a research report on Wednesday, July 6th. Finally, Raymond James Financial Inc. restated a “market perform” rating on shares of Wells Fargo & Co. in a research report on Thursday, July 7th. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company. Wells Fargo & Co. presently has an average rating of “Hold” and a consensus price target of $49.66.

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

Wells Fargo & Co. (NYSE:WFC) opened at 44.95 on Monday. 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 $226.80 billion, a price-to-earnings ratio of 11.10 and a beta of 0.91. The stock’s 50 day moving average price is $46.47 and its 200-day moving average price is $48.01.

Wells Fargo & Co. (NYSE:WFC) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.03 EPS for the quarter, topping the Thomson Reuters’ 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 business earned $22.30 billion during the quarter. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Wells Fargo & Co. will post $4.02 EPS for the current year.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $48.92, for a total transaction of $1,002,860.00. Following the transaction, the chief operating officer now owns 650,815 shares of the company’s stock, valued at approximately $31,837,869.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.29% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Douglas Lane & Associates LLC acquired a new position in Wells Fargo & Co. during the first quarter worth $2,240,000. Duncker Streett & Co. Inc. raised its position in Wells Fargo & Co. by 19.5% in the first quarter. Duncker Streett & Co. Inc. now owns 40,614 shares of the financial services provider’s stock worth $1,964,000 after buying an additional 6,639 shares during the last quarter. Delta Asset Management LLC TN raised its position in Wells Fargo & Co. by 1.1% in the first quarter. Delta Asset Management LLC TN now owns 435,717 shares of the financial services provider’s stock worth $21,071,000 after buying an additional 4,755 shares during the last quarter. North Star Investment Management Corp. raised its position in Wells Fargo & Co. by 4.0% in the first quarter. North Star Investment Management Corp. now owns 16,996 shares of the financial services provider’s stock worth $822,000 after buying an additional 652 shares during the last quarter. Finally, PacWest Financial Management Inc raised its position in Wells Fargo & Co. by 10.2% in the first quarter. PacWest Financial Management Inc now owns 42,265 shares of the financial services provider’s stock worth $2,043,000 after buying an additional 3,910 shares during the last quarter. 73.94% of the stock is currently 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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