Wells Fargo & Company (WFC) Receiving Somewhat Favorable Media Coverage, Report Finds
Media stories about Wells Fargo & Company (NYSE:WFC) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wells Fargo & Company earned a news impact score of 0.07 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 44.1168621948424 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Wells Fargo could face sanctions from California over insurance (sfgate.com)
- UPDATE 1-Trump says fines against Wells Fargo won’t be dropped – Twitter (WFC) (markets.businessinsider.com)
- Trump says Wells Fargo won’t escape penalties in mortgage case (sfgate.com)
- Wells Fargo Reaches Analyst Target Price (nasdaq.com)
- [$$] Trump Vows Punishment for Wells Fargo (finance.yahoo.com)
Several brokerages recently issued reports on WFC. Vertical Group upgraded shares of Wells Fargo & Company from a “sell” rating to a “buy” rating in a research report on Thursday. Royal Bank Of Canada restated a “buy” rating and set a $60.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, November 15th. Vetr upgraded shares of Wells Fargo & Company from a “sell” rating to a “strong-buy” rating in a research report on Monday, November 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $59.00 target price on shares of Wells Fargo & Company in a research report on Monday, October 16th. Finally, UBS set a $55.00 target price on shares of Wells Fargo & Company and gave the company a “hold” rating in a research report on Monday, October 16th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $57.25.
Shares of Wells Fargo & Company (NYSE WFC) traded down $0.05 during trading hours on Friday, hitting $59.31. 21,749,452 shares of the company were exchanged, compared to its average volume of 20,635,358. The firm has a market cap of $292,304.13, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. Wells Fargo & Company has a 1-year low of $49.27 and a 1-year high of $60.00.
Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $22.30 billion. Wells Fargo & Company had a net margin of 22.00% and a return on equity of 12.59%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. equities analysts anticipate that Wells Fargo & Company will post 3.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were given a $0.39 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.63%. Wells Fargo & Company’s dividend payout ratio is 40.31%.
In related news, insider John R. Shrewsberry sold 70,000 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Levy sold 97,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total value of $5,477,590.00. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock worth $10,471,050 over the last quarter. 0.22% of the stock is currently owned by corporate insiders.
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About Wells Fargo & Company
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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