Wells Fargo & Co (NYSE:WFC) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 26,206,179 shares, a growth of 12.2% from the February 15th total of 23,356,719 shares. Based on an average daily volume of 16,681,850 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.6% of the shares of the company are short sold.

Shares of WFC opened at $50.66 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.32. Wells Fargo & Co has a 1 year low of $43.02 and a 1 year high of $59.53. The company has a market cap of $242.18 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 0.90 and a beta of 1.12.

Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings data on Tuesday, January 15th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.04. Wells Fargo & Co had a net margin of 22.95% and a return on equity of 13.34%. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.80 billion. During the same period last year, the firm posted $1.16 EPS. The company’s revenue was down 4.9% on a year-over-year basis. Analysts forecast that Wells Fargo & Co will post 4.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 1st were issued a dividend of $0.45 per share. This is a positive change from Wells Fargo & Co’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Thursday, January 31st. Wells Fargo & Co’s dividend payout ratio (DPR) is 41.10%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Nalls Sherbakoff Group LLC purchased a new stake in Wells Fargo & Co during the 4th quarter valued at approximately $32,000. Athena Capital Advisors LLC purchased a new stake in Wells Fargo & Co during the 4th quarter valued at approximately $42,000. Mercer Capital Advisers Inc. grew its holdings in Wells Fargo & Co by 81.3% during the 4th quarter. Mercer Capital Advisers Inc. now owns 1,171 shares of the financial services provider’s stock valued at $54,000 after buying an additional 525 shares in the last quarter. SevenBridge Financial Group LLC grew its holdings in Wells Fargo & Co by 500.0% during the 4th quarter. SevenBridge Financial Group LLC now owns 1,200 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,000 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Wells Fargo & Co by 72.4% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,405 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

Several research firms recently issued reports on WFC. Credit Suisse Group reduced their target price on shares of Wells Fargo & Co from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, December 7th. Zacks Investment Research raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a report on Sunday, January 6th. ValuEngine lowered shares of Wells Fargo & Co from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Wolfe Research lowered shares of Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 8th. Finally, Barclays reduced their target price on shares of Wells Fargo & Co from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. Wells Fargo & Co presently has a consensus rating of “Hold” and a consensus price target of $61.33.

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Wells Fargo & Co Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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