Wells Fargo & Co (NYSE:WFC) was downgraded by analysts at Vetr from a “strong-buy” rating to a “sell” rating in a research note issued to investors on Monday. They currently have a $55.47 target price on the financial services provider’s stock. Vetr‘s target price would indicate a potential downside of 10.91% from the stock’s current price.

A number of other analysts have also weighed in on WFC. Sanford C. Bernstein upgraded shares of Wells Fargo & Co from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $64.00 to $69.00 in a research note on Wednesday, January 3rd. BMO Capital Markets restated a “hold” rating and set a $59.00 price objective on shares of Wells Fargo & Co in a research note on Thursday, January 4th. Barclays raised their price objective on shares of Wells Fargo & Co from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Instinet restated a “buy” rating and set a $65.00 price objective (up from $64.00) on shares of Wells Fargo & Co in a research note on Saturday, September 30th. Finally, Vining Sparks restated a “buy” rating and set a $75.00 price objective on shares of Wells Fargo & Co in a research note on Monday. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $59.79.

Shares of Wells Fargo & Co (NYSE WFC) opened at $62.26 on Monday. The firm has a market cap of $306,810.00, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91. Wells Fargo & Co has a 12 month low of $49.27 and a 12 month high of $63.05.

Wells Fargo & Co (NYSE:WFC) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). The firm had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. Wells Fargo & Co had a net margin of 22.00% and a return on equity of 12.59%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. equities research analysts predict that Wells Fargo & Co will post 3.98 earnings per share for the current year.

In related news, VP Richard Levy sold 97,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John R. Shrewsberry sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,482 shares of company stock worth $10,471,050. Insiders own 0.22% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stelac Advisory Services LLC purchased a new position in Wells Fargo & Co during the second quarter valued at approximately $104,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in Wells Fargo & Co by 0.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 6 shares in the last quarter. Clear Investment Research LLC purchased a new position in Wells Fargo & Co during the second quarter valued at approximately $121,000. Westside Investment Management Inc. lifted its holdings in Wells Fargo & Co by 63.9% during the second quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 891 shares in the last quarter. Finally, BKS Advisors LLC purchased a new position in Wells Fargo & Co during the third quarter valued at approximately $143,000. 75.70% of the stock is currently owned by institutional investors.

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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.

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

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