Wells Fargo & Co (NYSE:WFC) Director Ronald Sargent bought 9,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $55.98 per share, for a total transaction of $503,820.00. Following the completion of the purchase, the director now owns 81 shares in the company, valued at $4,534.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Wells Fargo & Co (NYSE:WFC) traded up $0.25 during trading hours on Thursday, reaching $59.80. 16,074,706 shares of the company were exchanged, compared to its average volume of 25,295,500. The company has a market capitalization of $294,180.00, a PE ratio of 14.46, a PEG ratio of 1.52 and a beta of 1.01. Wells Fargo & Co has a 12-month low of $49.27 and a 12-month high of $66.31. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.90 and a quick ratio of 0.88.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.07). The business had revenue of $22.05 billion during the quarter, compared to the consensus estimate of $22.64 billion. Wells Fargo & Co had a return on equity of 12.24% and a net margin of 22.57%. The company’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 analysts anticipate that Wells Fargo & Co will post 4.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 2nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, February 1st. Wells Fargo & Co’s dividend payout ratio is presently 37.77%.

Wells Fargo & Co announced that its Board of Directors has initiated a share buyback program on Tuesday, January 23rd that allows the company to repurchase 350,000,000 shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Several brokerages have issued reports on WFC. Vetr raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.49 target price on the stock in a research note on Tuesday, October 24th. UBS Group set a $63.00 target price on shares of Wells Fargo & Co and gave the company a “hold” rating in a research note on Monday, February 5th. Vertical Group raised shares of Wells Fargo & Co from a “sell” rating to a “buy” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods downgraded shares of Wells Fargo & Co from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a research note on Sunday, February 4th. Finally, BMO Capital Markets reissued a “hold” rating and set a $60.00 target price on shares of Wells Fargo & Co in a research note on Monday, February 5th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.90.

A number of large investors have recently modified their holdings of WFC. Delpha Capital Management LLC acquired a new position in Wells Fargo & Co during the 4th quarter worth $103,000. Stelac Advisory Services LLC acquired a new position in Wells Fargo & Co during the 2nd quarter worth $104,000. Patriot Financial Group Insurance Agency LLC lifted its position in Wells Fargo & Co by 0.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 6 shares during the last quarter. Santori & Peters Inc. acquired a new position in Wells Fargo & Co during the 4th quarter worth $110,000. Finally, Westside Investment Management Inc. lifted its position in Wells Fargo & Co by 63.9% during the 2nd quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 891 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

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Wells Fargo & Co 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.

Insider Buying and Selling by Quarter for Wells Fargo & Co (NYSE:WFC)

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