Wells Fargo & Company (NYSE:WFC) registered a -1.03% decrease, still its new closing price is 31.03% up from the company’s 1 year high of 58.02.It posted 2.76% gains in previous 5 sessions and is now the subject of 15 analysts who together assign a hold rating on stock. 4 of Wall Street analysts have an underperform rating; the 2 sells versus 4 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 $56.59, implying that brokerage firms see shares gaining about 19.40% 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 2.69% rise 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 19.51% and 23.64%, respectively.
