Oppenheimer Holdings Inc. reaffirmed their market perform rating on shares of Wells Fargo & Co. (NYSE:WFC) in a report issued on Monday morning.

Analyst Recommendations for Wells Fargo & Co. (NYSE:WFC)

Other analysts have also issued reports about the stock. Deutsche Bank AG reiterated a buy rating on shares of Wells Fargo & Co. in a research report on Sunday, June 26th. Barclays PLC restated a buy rating on shares of Wells Fargo & Co. in a research report on Saturday, July 9th. Nomura restated a buy rating on shares of Wells Fargo & Co. in a research report on Saturday, July 9th. Drexel Hamilton restated a buy rating on shares of Wells Fargo & Co. in a research report on Monday, July 18th. Finally, RBC Capital Markets restated a buy rating and set a $54.00 target price (down previously from $57.00) on shares of Wells Fargo & Co. in a research report on Tuesday, July 19th. Seven analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $51.93.

Wells Fargo & Co. (NYSE:WFC) opened at 45.83 on Monday. The firm has a market cap of $231.24 billion, a P/E ratio of 11.32 and a beta of 0.90. The firm has a 50 day moving average of $48.39 and a 200 day moving average of $48.61. Wells Fargo & Co. has a 1-year low of $44.50 and a 1-year high of $56.34.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The business had revenue of $22.20 billion for the quarter. Wells Fargo & Co. had a net margin of 24.33% and a return on equity of 12.95%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. On average, equities research analysts expect that Wells Fargo & Co. will post $4.02 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 5th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Wednesday, August 3rd. Wells Fargo & Co.’s payout ratio is 37.25%.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $48.92, for a total transaction of $1,002,860.00. Following the completion of the transaction, the chief operating officer now directly owns 650,815 shares of the company’s stock, valued at approximately $31,837,869.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First National Bank of Mount Dora Trust Investment Services raised its position in Wells Fargo & Co. by 2.2% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 69,309 shares of the financial services provider’s stock worth $3,352,000 after buying an additional 1,499 shares during the last quarter. Stillwater Investment Management LLC raised its position in Wells Fargo & Co. by 1.5% in the first quarter. Stillwater Investment Management LLC now owns 47,130 shares of the financial services provider’s stock worth $2,651,000 after buying an additional 697 shares during the last quarter. Curbstone Financial Management Corp raised its position in Wells Fargo & Co. by 1.9% in the first quarter. Curbstone Financial Management Corp now owns 36,900 shares of the financial services provider’s stock worth $1,784,000 after buying an additional 700 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in Wells Fargo & Co. by 1.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 25,992 shares of the financial services provider’s stock worth $1,257,000 after buying an additional 369 shares during the last quarter. Finally, Indiana Trust & Investment Management CO raised its position in Wells Fargo & Co. by 30.9% in the first quarter. Indiana Trust & Investment Management CO now owns 34,656 shares of the financial services provider’s stock worth $1,676,000 after buying an additional 8,172 shares during the last quarter. 73.98% of the stock is owned by hedge funds and other institutional investors.

About Wells Fargo & Co.

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

5 Day Chart for NYSE:WFC

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