The stock of Wells Fargo & Company (NYSE:WFC) increased by $0.65 on Monday to finish at $41.88, up 1.58 percent. The last five days have seen an average of 11,754,859 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $0.59. The average number of shares traded over the last 20 days was 11,785,729, while the average volume over the last 50 days totaled 15,103,086.
WFC stock dropped -9.23% since last month. On 08/25/23, the company’s shares reached a one-month low of $40.76. The stock touched a high of $48.84 on 02/14/23, after rallying from a low of $35.25 in 52 weeks. The price of WFC stock has risen by 1.43% or $0.59 this year, reaching a new high 20 times. Still, the stock price is down -14.25% from the 52-week high.
Insider Transactions
WFC stock investors should be aware that Wells Fargo & Company (WFC) stock had its last reported insider trading activity 166 days ago on Mar 16. On Mar 16, Director Norwood Felicia F acquired 77 shares at $18.85 each. This transaction resulted in the insider spending $1,451. On Feb 23, Santos Kleber sold 34,698 shares at a price of US$46.27. After the transaction, the insider now owns 19,590 shares. Sr. EVP and General Counsel Patterson Ellen R had earlier sold 2 shares on Dec 22 for $40.64 a share. The transaction was completed for $81.
Valuation Metrics
Wells Fargo & Company (WFC) has a trailing price-to-earnings (P/E) ratio of 10.45. Beta for the stock is 1.15. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.12, the price-to-book (PB) ratio of 0.96, and the price-to-cash flow ratio of 5.94.
Company paid $0.35 per share in dividends, an increase of 16.67% from $0.30 last year. A $0.05 dividend increase was reported on Tuesday July 25 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.92, and the total debt to equity ratio is 0.92. Wells Fargo & Company’s operating margin stood at 65.40% for the same period. Based on annual data, it had gross profit of $44.95 billion and revenue of $54.02 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WFC’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 12.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.50%.
Earnings Surprise
According to Wells Fargo & Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Wells Fargo & Company’s quarterly earnings would be $1.25, but it ended up being $1.15, beating the consensus by 8.70%. At the end of Wells Fargo & Company’s most recent quarter ended June 29, its total debt was $280.58 billion. Equity owned by shareholders amounts to $1.82 billion.
Technical Picture
Here’s a quick look at Wells Fargo & Company’s (WFC) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 36.32%, suggesting the stock is Neutral, with a 16.50% historical volatility rate.
The stochastic %K and %D were 16.00% and 9.92% respectively, while the average true range (ATR) was 0.85. Based on the 14-day stochastic reading of 30.76%, the RSI (14) reading is 38.53%. On the 9-day MACD Oscillator, the stock is at -0.41, and the 14-day reading is at -0.98.
Analyst Ratings
Wells Fargo & Company (NYSE: WFC) was downgraded by Odeon to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Wells Fargo & Company (WFC) an Overweight rating. WFC is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 16 others recommend it as a buy.
What is WFC’s price target for the next 12 months?
The current consensus forecast for the stock is between $43.00 and $57.00, with a median target price of $52.00. In analyzing these forecasts, the average price target given by analysts for Wells Fargo & Company (WFC) is $50.57.
