Vining Sparks reissued their buy rating on shares of Wells Fargo & Co (NYSE:WFC) in a research report report published on Monday. The firm currently has a $75.00 price target on the financial services provider’s stock.

WFC has been the subject of several other research reports. UBS Group set a $57.00 price target on shares of Wells Fargo & Co and gave the company a neutral rating in a research report on Friday, October 6th. Sanford C. Bernstein upgraded shares of Wells Fargo & Co from a market perform rating to an outperform rating and increased their price target for the company from $64.00 to $69.00 in a research report on Wednesday, January 3rd. Vetr upgraded shares of Wells Fargo & Co from a sell rating to a strong-buy rating in a research report on Monday, November 6th. BMO Capital Markets increased their price target on shares of Wells Fargo & Co from $49.00 to $50.00 and gave the company a market perform rating in a research report on Monday, October 16th. Finally, Goldman Sachs Group restated a buy rating on shares of Wells Fargo & Co in a research report on Wednesday, October 11th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company. Wells Fargo & Co presently has a consensus rating of Hold and an average price target of $61.02.

Shares of Wells Fargo & Co (NYSE:WFC) traded down $0.46 during mid-day trading on Monday, hitting $62.55. 25,877,208 shares of the stock traded hands, compared to its average volume of 20,510,000. The stock has a market capitalization of $308,240.00, a P/E ratio of 16.16, a P/E/G ratio of 1.72 and a beta of 0.96. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91. Wells Fargo & Co has a 52 week low of $49.27 and a 52 week high of $63.67.

Wells Fargo & Co (NYSE:WFC) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.13. The company had revenue of $22.05 billion during the quarter, compared to the consensus estimate of $22.64 billion. Wells Fargo & Co had a net margin of 22.00% and a return on equity of 12.59%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share. equities research analysts predict that Wells Fargo & Co will post 3.98 earnings per share for the current year.

In other news, insider Michael J. Loughlin sold 17,482 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $57.80, for a total value of $1,010,459.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard Levy sold 97,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. The disclosure for this sale can be found here. Insiders have sold 184,482 shares of company stock valued at $10,471,050 in the last quarter. Company insiders own 0.22% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Wells Fargo & Co by 1.2% in the second quarter. Vanguard Group Inc. now owns 314,755,460 shares of the financial services provider’s stock valued at $17,440,601,000 after acquiring an additional 3,621,402 shares during the period. Capital World Investors boosted its position in shares of Wells Fargo & Co by 10.8% in the second quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock valued at $6,192,259,000 after acquiring an additional 10,927,679 shares during the period. Capital Research Global Investors boosted its position in shares of Wells Fargo & Co by 19.7% in the second 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 acquiring an additional 7,445,414 shares during the period. Dimensional Fund Advisors LP raised its stake in Wells Fargo & Co by 17.8% in the third quarter. Dimensional Fund Advisors LP now owns 35,143,414 shares of the financial services provider’s stock valued at $1,937,888,000 after purchasing an additional 5,305,125 shares in the last quarter. Finally, Davis Selected Advisers raised its stake in Wells Fargo & Co by 1.4% in the third quarter. Davis Selected Advisers now owns 26,335,478 shares of the financial services provider’s stock valued at $1,451,064,000 after purchasing an additional 368,667 shares in the last quarter. Institutional investors own 75.70% of the company’s stock.

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About Wells Fargo & Co

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 & Co (NYSE:WFC)

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