Vetr upgraded shares of Wells Fargo & Co. (NYSE:WFC) from a strong sell rating to a sell rating in a research report released on Monday morning. Vetr currently has $46.56 target price on the financial services provider’s stock.

A number of other brokerages have also commented on WFC. Guggenheim lowered Wells Fargo & Co. from a buy rating to a neutral rating and upped their target price for the company from $43.55 to $53.22 in a research report on Tuesday, November 15th. Citigroup Inc. lowered Wells Fargo & Co. to an underperform rating in a research report on Friday, November 18th. Jefferies Group reiterated a hold rating on shares of Wells Fargo & Co. in a research report on Monday. BMO Capital Markets lowered Wells Fargo & Co. from a market perform rating to an underperform rating and upped their target price for the company from $43.55 to $47.00 in a research report on Friday, November 18th. They noted that the move was a valuation call. Finally, Rafferty Capital Markets upgraded Wells Fargo & Co. from a sell rating to a hold rating in a research report on Thursday, November 17th. Nine equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $49.57.

Shares of Wells Fargo & Co. (NYSE:WFC) opened at 51.58 on Monday. The stock’s 50 day moving average is $47.82 and its 200 day moving average is $47.86. Wells Fargo & Co. has a 52-week low of $43.55 and a 52-week high of $56.24. The company has a market cap of $259.05 billion, a PE ratio of 12.80 and a beta of 0.93.

Wells Fargo & Co. (NYSE:WFC) last issued its earnings results on Friday, October 14th. The financial services provider reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.02. The firm had revenue of $22.30 billion for the quarter. Wells Fargo & Co. had a return on equity of 12.72% and a net margin of 23.91%. Wells Fargo & Co.’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. Equities analysts forecast that Wells Fargo & Co. will post $4.03 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Wells Fargo & Co. (WFC) Upgraded by Vetr Inc. to Sell” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2016/11/29/wells-fargo-co-wfc-upgraded-by-vetr-inc-to-sell.html.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 4th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, November 2nd. Wells Fargo & Co.’s dividend payout ratio (DPR) is presently 37.44%.

Several large investors have recently modified their holdings of the company. Annex Advisory Services LLC raised its stake in shares of Wells Fargo & Co. by 0.4% in the second quarter. Annex Advisory Services LLC now owns 6,422 shares of the financial services provider’s stock valued at $304,000 after buying an additional 25 shares during the period. Bollard Group LLC raised its stake in shares of Wells Fargo & Co. by 0.8% in the second quarter. Bollard Group LLC now owns 4,411 shares of the financial services provider’s stock valued at $209,000 after buying an additional 33 shares during the period. Alpha Windward LLC raised its stake in shares of Wells Fargo & Co. by 0.6% in the third quarter. Alpha Windward LLC now owns 6,453 shares of the financial services provider’s stock valued at $286,000 after buying an additional 37 shares during the period. Oakworth Capital Inc. raised its stake in shares of Wells Fargo & Co. by 0.3% in the second quarter. Oakworth Capital Inc. now owns 14,625 shares of the financial services provider’s stock valued at $741,000 after buying an additional 40 shares during the period. Finally, Sharkey Howes & Javer raised its stake in shares of Wells Fargo & Co. by 0.7% in the second quarter. Sharkey Howes & Javer now owns 5,915 shares of the financial services provider’s stock valued at $280,000 after buying an additional 44 shares during the period. 72.76% 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

Receive News & Stock Ratings for Wells Fargo & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co. and related stocks with our FREE daily email newsletter.