Wells Fargo & Company (NYSE: WFC) is 40.95% higher on its value in year-to-date trading and has touched a low of $20.76 and a high of $44.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WFC stock was last observed hovering at around $43.88 in the last trading session, with the day’s loss setting it -1.34% off its average median price target of $47.43 for the next 12 months. It is also 34.55% off the consensus price target high of $65.00 offered by 27 analysts, but current levels are -21.54% lower than the price target low of $35.00 for the same period.
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Currently trading at $42.54, the stock is 5.92% and 11.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 29.68 million and changing -3.05% at the moment leaves the stock 45.18% off its SMA200. WFC registered 53.68% gain for a year compared to 6-month gain of 86.09%. The firm has a 50-day simple moving average (SMA 50) of $38.32 and a 200-day simple moving average (SMA200) of $30.14.
The stock witnessed a 7.34% loss in the last 1 month and extending the period to 3 months gives it a 30.37%, and is 6.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.89% over the week and 2.72% over the month.
Wells Fargo & Company (WFC) has around 200000 employees, a market worth around $169.45B and $43.11B in sales. Current P/E ratio is 29.64 and Fwd P/E is 12.05. Profit margin for the company is 3.70%. Distance from 52-week low is 104.91% and -4.19% from its 52-week high. The company has generated returns on investments over the last 12 months (7.60%).
Wells Fargo & Company (WFC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Wells Fargo & Company (WFC) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 2.20, where 10 rate it as a Hold and 3 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Wells Fargo & Company is expected to release its quarterly report on 07/14/2021 and quarterly earnings per share for the current quarter are estimated at $0.89 with sales reaching $17.69B over the same period.The EPS is expected to shrink by -89.80% this year, but quarterly earnings will post -1.50% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.
Wells Fargo & Company (WFC) Top Institutional Holders
2,196 institutions hold shares in Wells Fargo & Company (WFC), with 3.89M shares held by insiders accounting for 0.09% while institutional investors hold 71.07% of the company’s shares. The shares outstanding are 4.14B, and float is at 4.12B with Short Float at 1.23%. Institutions hold 71.00% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 316.37 million shares valued at $9.55 billion. The investor’s holdings represent 7.65% of the WFC Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 283.86 million shares valued at $8.57 billion to account for 6.87% of the shares outstanding. The other top investors are State Street Corporation which holds 167.36 million shares representing 4.05% and valued at over $5.05 billion, while Dodge & Cox Inc holds 3.59% of the shares totaling 148.43 million with a market value of $4.48 billion.
Wells Fargo & Company (WFC) Insider Activity
A total of 69 insider transactions have happened at Wells Fargo & Company (WFC) in the last six months, with sales accounting for 32 and purchases happening 37 times. The most recent transaction is an insider purchase by Van Beurden Saul, the company’s Sr. Executive Vice President. SEC filings show that Van Beurden Saul bought 60 shares of the company’s common stock on Nov 19 at a price of $26.18 per share for a total of $1571.0. Following the purchase, the insider now owns 16979.0 shares.
Wells Fargo & Company (WFC): Who are the competitors?
The company’s main competitors (and peers) include Bank of America Corporation (BAC) that is trading 69.24% up over the past 12 months. Regions Financial Corporation (RF) is 112.77% up on the 1-year trading charts. Short interest in the company’s stock has risen 3.33% from the last report on Mar 30, 2021 to stand at a total of 50.56 million short shares sold with a short interest ratio of 1.49.