Wells Fargo & Co (NYSE:WFC)‘s stock had its “buy” rating reiterated by Keefe, Bruyette & Woods in a report released on Tuesday.

Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada increased their target price on shares of Wells Fargo & Co to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday. Atlantic Securities raised shares of Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 target price on the stock in a research note on Wednesday, January 10th. Sandler O’Neill raised shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.04 to $73.00 in a research note on Tuesday, January 9th. Vetr lowered shares of Wells Fargo & Co from a “strong-buy” rating to a “sell” rating and set a $55.47 target price on the stock. in a research note on Monday, January 8th. Finally, Vining Sparks reissued a “buy” rating and set a $75.00 target price on shares of Wells Fargo & Co in a research note on Monday, January 8th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $61.37.

Wells Fargo & Co (NYSE WFC) traded up $0.09 during trading hours on Tuesday, reaching $63.97. 2,712,966 shares of the company’s stock traded hands, compared to its average volume of 19,700,000. Wells Fargo & Co has a one year low of $49.27 and a one year high of $64.24. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 0.90. The stock has a market capitalization of $315,410.00, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, January 12th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.07). Wells Fargo & Co had a return on equity of 12.24% and a net margin of 22.57%. The firm had revenue of $22.05 billion for the quarter, compared to analysts’ expectations of $22.64 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. research analysts predict that Wells Fargo & Co will post 4.66 EPS for the current year.

In other Wells Fargo & Co news, insider Michael J. Loughlin sold 17,482 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $57.80, for a total value of $1,010,459.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard Levy sold 97,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,482 shares of company stock valued at $10,471,050. 0.22% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in WFC. Westpac Banking Corp increased its holdings in shares of Wells Fargo & Co by 3.5% during the 4th quarter. Westpac Banking Corp now owns 519,261 shares of the financial services provider’s stock worth $31,504,000 after buying an additional 17,528 shares during the last quarter. Berkshire Asset Management LLC PA increased its holdings in shares of Wells Fargo & Co by 6.3% during the 4th quarter. Berkshire Asset Management LLC PA now owns 482,064 shares of the financial services provider’s stock worth $29,247,000 after buying an additional 28,624 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Wells Fargo & Co by 3.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 15,796,445 shares of the financial services provider’s stock worth $958,371,000 after buying an additional 537,342 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Wells Fargo & Co by 4.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 21,386 shares of the financial services provider’s stock worth $1,297,000 after buying an additional 868 shares during the last quarter. Finally, HWG Holdings LP acquired a new stake in shares of Wells Fargo & Co during the 4th quarter worth approximately $701,000. Institutional investors own 75.71% of the company’s stock.

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About Wells Fargo & Co

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.

Analyst Recommendations for Wells Fargo & Co (NYSE:WFC)

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