Wells Fargo & Co (NYSE:WFC)‘s stock had its “buy” rating reaffirmed by analysts at Vining Sparks in a report released on Monday. They currently have a $75.00 price target on the financial services provider’s stock. Vining Sparks’ price target would suggest a potential upside of 19.52% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Citigroup reaffirmed a “buy” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Wells Fargo & Co in a research note on Monday, October 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Wells Fargo & Co in a research note on Friday, October 6th. Instinet reaffirmed a “buy” rating and issued a $65.00 price objective (up previously from $64.00) on shares of Wells Fargo & Co in a research note on Saturday, September 30th. Nomura lifted their price objective on shares of Wells Fargo & Co from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, September 28th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Wells Fargo & Co in a research note on Wednesday, October 11th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $59.24.

Wells Fargo & Co (NYSE WFC) traded up $0.42 during trading on Monday, hitting $62.75. 14,217,800 shares of the stock traded hands, compared to its average volume of 15,245,225. 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 fifty-two week low of $49.27 and a fifty-two week high of $63.05. The stock has a market cap of $305,550.00, a PE ratio of 16.21, a P/E/G ratio of 1.72 and a beta of 0.96.

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

In other news, insider Michael J. Loughlin sold 17,482 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $57.80, for a total transaction of $1,010,459.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Richard Levy sold 97,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,482 shares of company stock valued at $10,471,050. Company insiders own 0.22% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its position in shares of 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 buying an additional 6 shares during the last quarter. Winch Advisory Services LLC raised its position in shares of Wells Fargo & Co by 0.7% during the second quarter. Winch Advisory Services LLC now owns 2,776 shares of the financial services provider’s stock valued at $154,000 after buying an additional 20 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its position in shares of Wells Fargo & Co by 0.5% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,954 shares of the financial services provider’s stock valued at $274,000 after buying an additional 26 shares during the last quarter. Financial Advisory Group raised its position in shares of Wells Fargo & Co by 0.7% during the second quarter. Financial Advisory Group now owns 5,029 shares of the financial services provider’s stock valued at $279,000 after buying an additional 35 shares during the last quarter. Finally, Financial Advisory Service Inc. increased its stake in Wells Fargo & Co by 0.6% in the second quarter. Financial Advisory Service Inc. now owns 7,067 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 42 shares during the period. 75.70% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/wells-fargo-co-wfc-stock-rating-reaffirmed-by-vining-sparks/1798732.html.

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.

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

Receive News & Ratings for Wells Fargo & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co and related companies with Analyst Ratings Network's FREE daily email newsletter.