Wells Fargo & Company (WFC) Given Daily Coverage Optimism Rating of 0.10
Press coverage about Wells Fargo & Company (NYSE:WFC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wells Fargo & Company earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.1066166535621 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Bulls bank with Wells Fargo (finance.yahoo.com)
- Wells Fargo Gives Top Brokers a Bonus to Court High-Net-Worth Clients (finance.yahoo.com)
- Wells Fargo Advisors taps new Chicago-area market manager (finance.yahoo.com)
- Wells Fargo Real Estate Investment Corporation Declares Dividend on Series A Preferred Stock (markets.financialcontent.com)
- Wells Fargo CEO sees better commercial loans in fourth quarter (businessinsider.com)
Shares of Wells Fargo & Company (NYSE WFC) traded up $1.19 on Tuesday, reaching $57.39. The company’s stock had a trading volume of 28,720,300 shares, compared to its average volume of 18,228,227. Wells Fargo & Company has a 12 month low of $49.27 and a 12 month high of $59.99. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The firm has a market cap of $291,040.00, a PE ratio of 13.57, a P/E/G ratio of 1.35 and a beta of 0.96.
Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.20). Wells Fargo & Company had a return on equity of 12.59% and a net margin of 22.00%. The firm had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.30 billion. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. equities research analysts predict that Wells Fargo & Company will post 3.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 2.72%. Wells Fargo & Company’s dividend payout ratio is currently 40.31%.
Several research firms have commented on WFC. Vetr downgraded Wells Fargo & Company from a “hold” rating to a “sell” rating and set a $53.07 price objective on the stock. in a report on Monday, October 2nd. Instinet reiterated a “buy” rating and issued a $65.00 price target (up from $64.00) on shares of Wells Fargo & Company in a report on Saturday, September 30th. Nomura lifted their price target on Wells Fargo & Company from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, September 28th. Vertical Group began coverage on Wells Fargo & Company in a report on Friday, October 6th. They issued a “sell” rating on the stock. Finally, UBS set a $57.00 price target on Wells Fargo & Company and gave the company a “neutral” rating in a report on Friday, October 6th. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Wells Fargo & Company presently has a consensus rating of “Hold” and a consensus price target of $57.25.
In other Wells Fargo & Company news, VP Richard Levy sold 97,000 shares of Wells Fargo & Company stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.47, for a total transaction of $5,477,590.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John R. Shrewsberry sold 70,000 shares of Wells Fargo & Company stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.90, for a total value of $3,983,000.00. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
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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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