Analysts Set Wells Fargo & Company (NYSE:WFC) Target Price at $98.61

Wells Fargo & Company (NYSE:WFC) has earned an average rating of “Moderate Buy” from the twenty-six research firms that are presently covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $98.6053.

WFC has been the subject of a number of recent analyst reports. Bank of America boosted their price objective on Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Truist Financial upped their price target on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Robert W. Baird raised their price target on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Wall Street Zen raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a report on Friday, July 17th.

Hedge Funds Weigh In On Wells Fargo & Company

Institutional investors have recently made changes to their positions in the company. Godfrey Financial Associates Inc. bought a new stake in Wells Fargo & Company during the 4th quarter valued at $25,000. Miller Capital Partners Inc. purchased a new stake in shares of Wells Fargo & Company during the 4th quarter worth $25,000. Navalign LLC purchased a new stake in shares of Wells Fargo & Company during the 4th quarter worth $26,000. Joseph Group Capital Management bought a new stake in Wells Fargo & Company during the fourth quarter valued at about $28,000. Finally, Core Wealth Advisors LLC purchased a new position in Wells Fargo & Company in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Up 0.6%

Shares of WFC opened at $86.95 on Friday. The company’s fifty day simple moving average is $86.38 and its 200-day simple moving average is $82.57. The company has a market cap of $262.94 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.94 and a beta of 0.92. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a twelve month low of $72.78 and a twelve month high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.23. The business had revenue of $22.62 billion during the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 earnings per share. As a group, analysts expect that Wells Fargo & Company will post 7.26 EPS for the current year.

Wells Fargo & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were given a dividend of $0.50 per share. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. Wells Fargo & Company’s dividend payout ratio is presently 29.07%.

Wells Fargo & Company News Summary

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Wells Fargo’s latest earnings remain a fundamental support: the company exceeded quarterly EPS and revenue expectations, with revenue rising year over year. The bank’s valuation and projected earnings growth may also appeal to investors. Is Wells Fargo a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Wall Street’s average recommendation for WFC remains favorable, although the article cautions that consensus analyst ratings can be overly optimistic and should not be treated as a standalone buy signal. Wells Fargo Analyst Ratings
• Neutral Sentiment: A FinanceBuzz survey sponsored by Wells Fargo highlights consumer demand for early-pay and cash-management features, which could support engagement with the bank’s retail customers. Because it is sponsored content and does not provide new financial guidance, the direct stock impact is likely limited. FinanceBuzz Early Pay Banking Survey
• Neutral Sentiment: Wells Fargo downgraded PG&E, citing inadequate California wildfire-liability reform. The call demonstrates active research coverage but primarily affects PG&E rather than Wells Fargo’s earnings or valuation. Wells Fargo Downgrades PG&E
• Negative Sentiment: Wells Fargo analysts have joined a more cautious stance on U.S. equities. Although this is a broad market view rather than a downgrade of WFC, it can weigh on risk appetite and financial-sector valuations. Wells Fargo Analysts Turn Cautious on U.S. Stocks
• Negative Sentiment: WFC has lagged the broader financial sector over the past year. While analysts remain cautiously bullish, the relative underperformance raises questions about whether the bank can close its valuation and performance gap. Wells Fargo Sector Performance

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.