Wells Fargo & Co (NYSE:WFC) had its target price dropped by analysts at Instinet from $65.00 to $64.00 in a research report issued to clients and investors on Wednesday. The prominent billionaire's conglomerate, Berkshire Hathaway Inc (BRKa.N), owns almost 10 percent of Wells Fargo and Buffett personally owns shares as well. It was the lowest rating for the bank since the results have been publicly released in 1994. Finally, Robert W. Baird reiterated a buy rating and set a $58.00 price objective on shares of Wells Fargo & Co in a research note on Tuesday, January 10th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have given a buy rating to the company. The firm presently has a "buy" rating on the financial services provider's stock. Wells Fargo & Co had a net margin of 23.30% and a return on equity of 12.60%.
Another critical number in evaluating a stock is P/E or the price to earnings ratio. Looking at this figure it suggests that the shares of Wells Fargo & Company (WFC) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Wells Fargo & Company (WFC) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Volatility makes major charm for active investors, so firm has 1.75% volatility for month and its performance in stock market been -4.21%. This represents an increase of 201% compared to the average daily volume of 13,627 call options. The financial services provider reported $1.00 EPS for the quarter, beating the Zacks' consensus estimate of $0.97 by $0.03.
The company's expected revenue in the current quarter to be 22.61 Billion, seeing a projected current quarter growth of 2%, and per annum growth estimates over the next 5 year period of around 7.43%. During the same period a year ago, the company earned $0.99 earnings per share. Wells Fargo & Co's quarterly revenue was down.9% compared to the same quarter previous year. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and global copyright and trademark law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/04/21/wells-fargo-co-wfc-stock-rating-upgraded-by-keefe-bruyette-woods-updated.html. The stock was acquired at an average cost of $51.65 per share, for a total transaction of $2,014,350.00. Following the acquisition, the director now owns 100 shares in the company, valued at $5,165. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
In other Wells Fargo & Co news, CEO Timothy J. Sloan purchased 39,000 shares of the business's stock in a transaction on Monday, April 17th. The disclosure for this purchase can be found here.
Large investors have recently bought and sold shares of the company. BLB&B Advisors LLC now owns 67,596 shares of the financial services provider's stock worth $2,993,000 after buying an additional 13,568 shares in the last quarter. CWM LLC now owns 181,721 shares of the financial services provider's stock worth $8,047,000 after buying an additional 17,701 shares in the last quarter. Trust Co. of Virginia VA boosted its position in shares of Wells Fargo & Co by 0.3% in the third quarter.