How Have Insiders Been Trading Wells Fargo & Company (WFC) Stock?

Wells Fargo & Company (NYSE:WFC) saw an upside of 0.50% to close Friday at $48.00 after adding $0.24 on the day. The 5-day average trading volume is 18,709,641 shares of the company’s common stock. It has gained $48.59 in the past week. An average of 26,759,820 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 26,362,717.

WFC’s 1-month performance is 8.21% or $4.18 on its low of $43.76 reached on 09/09/21. The company’s shares have touched a 52-week low of $20.76 and high of $51.41, with the stock’s rally to the 52-week high happening on 08/13/21. YTD, WFC has achieved 59.05% or $17.82. However, the current price is down -6.63%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 1517.50 and a low of 6.281. WFC stock has a beta of 1.32. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.78 while the price-to-book (PB) in the most recent quarter is 1.16.

Wells Fargo & Company pays an annual dividend of $0.80 per share. Its dividend yield is 1.67% and the payout ratio is 11.50%. WFC’s most recent quarterly dividend payment was made on Sep. 1, when it paid $0.20 a share compared with prior rate of $0.10, up 50.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.10 reported on Tuesday July 27 2021. Measured over the last 3 years, the Dividend has been growing by -20.78% yearly.

It is projected that Wells Fargo & Company’s next ex-dividend date will be on 8-Nov. WFC is expected to distribute $0.20 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 1.05, while the total debt to equity was 1.05 while for the period ending June 29; Wells Fargo & Company’s operating margin was 92.60%. The firm’s gross profit as reported stood at $39.84 billion against revenue of $47.8 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected WFC to announce $0.97 per share in earnings in its latest quarter, but it posted $1.38, representing a 42.30% surprise. WFC stock balance sheet for the quarter ending June 29 shows that, with total debt at $244.55 billion. Shareholders hold equity totaling $4.11 billion

Technical Picture

Let’s look briefly at Wells Fargo & Company (WFC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 60.60% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.79%.

The stock’s 5-day moving average is $47.72, reflecting a +2.08% or $0.98 change from its current price. WFC is currently trading +8.28% above its 20-day SMA, +2.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +3.23% and +65.75% respectively.

Stochastic %K and %D was 73.62% and 71.69% and the average true range (ATR) pointed at 1.21. The RSI (14) points at 57.03%, while the 14-day stochastic is at 75.74% with the period’s ATR at 1.24. The stock’s 9-day MACD Oscillator is pointing at 0.66 and 0.65 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Wells Fargo & Company (NYSE: WFC), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for WFC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate WFC as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 11 have offered a “buy” rating.

What is WFC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $44.00 and a high of $65.00, with their median price target at $51.00. Looking at these predictions, the average price target given by analysts is for Wells Fargo & Company (WFC) stock is $51.88.


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