Wells Fargo & Company (NYSE:WFC) registered a 0.91% increase, still its new closing price is 25.65% up from the company’s 1 year high of 58.02.It posted -0.64% losses in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. 4 of Wall Street analysts have an underperform rating; the 2 sells versus 5 buy or better ratings. The 35 stock analysts following this company have an average price target at $57.90, with individual PT in the $45.00-$65.00 range. The shares moved at $54.27, implying that brokerage firms see shares gaining about 16.19% in twelve months time.
Wells Fargo & Company (WFC) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -1.52% fall year to date. A President & COO at Wells Fargo & Company (WFC) offloaded shares in a transaction closed on Monday August 08, 2016. SLOAN TIMOTHY J sold 20,500 shares in the company at $48.92 each and collected $1,002,001 in proceeds. SLOAN TIMOTHY J now owns 666,122 shares in the company after this transaction. A Director in the company, Quigley James H., disclosed a transaction on Tuesday May 03, 2016 that ended up paying $99,001 from the purchase of 2,000 shares at $49.97 per share.
Wells Fargo & Company (NYSE:WFC) Upcoming Results on Tap
Wells Fargo & Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.96 in that period. Sales during the quarter are predicted to arrive at $22.28 billion.
Earnings surprise history: Last quarter, the company posted approximately $21.58 billion in revenue and EPS of $1.03. The mean forecast was for $22.45 billion and $1.00 a share, respectively. One quarter earlier, revenue for the stock was at $22.33 billion, with earnings at $1.03/share.
Wells Fargo & Company (WFC) Brokerage Update
Wells Fargo & Company (WFC) is in Argus’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Argus, according to news reported on Wednesday January 18, 2017.Another important research note was issued by Susquehanna on Thursday December 01, 2016.The firm downgraded WFC to Neutral from Positive. Over the last six months and over the last three months, the shares of Wells Fargo & Company (WFC), have changed 14.04% and 22.97%, respectively.
On January 18, 2017, The U.S. Conference of Mayors (USCM) and Wells Fargo & Company (NYSE:WFC) announced a call for nominations for the 2017 CommunityWINS℠ grant program, aimed at accelerating neighborhood revitalization, economic development, and job creation in municipalities across the country.
Launched in 2015, the CommunityWINS grant program includes a $3 million investment by the Wells Fargo Foundation over three years. CommunityWINS grant program is administered by The U.S. Conference of Mayors and funded by the Wells Fargo Foundation.
Through a competitive application process, the USCM will determine eligibility and administer grant funds to eligible nonprofits in six cities to support neighborhood revitalization, economic development and job creation initiatives.
USCM member cities can nominate up to three eligible nonprofit initiatives or programs that address one of the following categories:
- Neighborhood stabilization – projects designed to stimulate growth and stability while assisting in the removal of blight and the rebuilding of neighborhoods.
- Economic development – projects designed to promote business development.
- Job creation – projects designed to aid in local job creation or assist in job training.
Grant requirements, application details, application checklists, and the online application forms are available now at usmayors.org/communitywins. Applications must be submitted by March 17, 2017.