Wells Fargo & Company (NYSE:WFC) has been given a $57.00 price objective by research analysts at UBS AG in a report issued on Friday, www.benzinga.com reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS AG’s target price points to a potential upside of 2.55% from the stock’s current price.

Several other brokerages have also recently weighed in on WFC. Piper Jaffray Companies reiterated a “neutral” rating and set a $50.00 price target (down previously from $52.00) on shares of Wells Fargo & in a research note on Wednesday, September 13th. Berenberg Bank cut shares of Wells Fargo & from a “hold” rating to a “sell” rating and lifted their price target for the stock from $35.00 to $45.00 in a research note on Friday, July 21st. Robert W. Baird reiterated a “buy” rating and set a $58.00 price target on shares of Wells Fargo & in a research note on Tuesday, September 5th. Keefe, Bruyette & Woods reiterated an “overweight” rating on shares of Wells Fargo & in a research note on Thursday, July 13th. Finally, Vetr cut shares of Wells Fargo & from a “buy” rating to a “sell” rating and set a $48.62 price target on the stock. in a research note on Wednesday, September 13th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $56.44.

Wells Fargo & (NYSE:WFC) traded up 0.34% during midday trading on Friday, hitting $55.58. The company’s stock had a trading volume of 11,151,220 shares. Wells Fargo & has a 12 month low of $44.28 and a 12 month high of $59.99. The company’s 50 day moving average price is $52.48 and its 200 day moving average price is $53.60. The firm has a market cap of $275.90 billion, a P/E ratio of 13.69 and a beta of 0.97.

Wells Fargo & (NYSE:WFC) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.23 billion. Wells Fargo & had a net margin of 23.25% and a return on equity of 12.65%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. Analysts expect that Wells Fargo & will post $4.14 EPS for the current year.

Wells Fargo & declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $11.50 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 4.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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A number of large investors have recently modified their holdings of WFC. Boston Partners grew its holdings in Wells Fargo & by 140.1% during the 2nd quarter. Boston Partners now owns 19,088,621 shares of the financial services provider’s stock valued at $1,057,700,000 after purchasing an additional 11,139,780 shares during the last quarter. Capital World Investors grew its holdings in Wells Fargo & by 10.8% during the 2nd quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock valued at $6,192,259,000 after purchasing an additional 10,927,679 shares during the last quarter. Capital Research Global Investors grew its holdings in Wells Fargo & by 19.7% during the 2nd quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock valued at $2,511,614,000 after purchasing an additional 7,445,414 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Wells Fargo & by 26.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock valued at $1,653,464,000 after purchasing an additional 6,291,906 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Wells Fargo & by 396.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,894,918 shares of the financial services provider’s stock valued at $326,655,000 after purchasing an additional 4,707,207 shares during the last quarter. Institutional investors own 75.12% of the company’s stock.

Wells Fargo & Company Profile

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

Analyst Recommendations for Wells Fargo & (NYSE:WFC)

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