Wells Fargo & Co. (NYSE:WFC) finished Thursday with an addition of $0.05 to close at $40.91, an upside of 0.12 percent. An average of 13,379,280 shares of common stock have been traded in the last five days. There was a fall of -$1.41 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 17,098,516 shares traded, while the 50-day average volume stands at 14,574,105.
WFC stock has decreased by -2.60% in the last month. The company shares reached their 1-month lowest point of $40.30 on 09/07/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $35.25 and a high of $48.84 in 52 weeks. It has reached a new high 20 times so far this year and lost -0.92% or -$0.38 in price. In spite of this, the price is down -16.24% from the 52-week high.
Insider Transactions
WFC stock investors should be aware that Wells Fargo & Co. (WFC) stock had its last reported insider trading activity 218 days ago on Mar 16. In this transaction, the insider spent $1,605,476. Sr. EVP and General Counsel, Patterson Ellen R, disposed of 2 shares at a price of $40.64 on Dec 22. The insider now owns more than $81 worth of shares.
Valuation Metrics
Wells Fargo & Co. (WFC) has a trailing price-to-earnings (P/E) ratio of 10.20. The stock’s beta is 1.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.20, the price-to-book (PB) ratio at 0.93, and the price-to-cash flow ratio at 4.10.
The company has a payout ratio of 34.98%. The company’s most recent quarterly dividend payment was $0.35 a share, representing a up of 16.67% from $0.30 last year. Its latest increase dividend $0.05 reported on Tuesday July 25 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.91 and a total debt to equity ratio of 1.44 for the quarter ending June 29. Its gross profit as reported stood at $44.95 billion compared to revenue of $54.02 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Wells Fargo & Co.’s return on assets was 0.87%.
Earnings Surprise
For the three-month period that ended June 29, Wells Fargo & Co. had $170.63 billion in total debt. The analyst consensus anticipated Wells Fargo & Co.’s latest quarter earnings to come in at $1.15 per share, but it turned out to be $1.25, a 8.70% surprise. At the end of the quarter ending June 29, Wells Fargo & Co.’s stock balance sheet showed total debt was $280.58 billion. Shareholders own equity worth $3.66 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Wells Fargo & Co. (WFC) price momentum. RSI 9-day as of the close on 28 September was 37.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.15%.
As of today, WFC’s price is $41.04 -3.33% or -$1.41 from its 5-day moving average. WFC is currently trading -1.52% lower than its 20-day SMA and +7.83% higher than its 100-day SMA. However, the stock’s current price level is -11.57% below the SMA50 and -3.74% below the SMA200.
The stochastic %K and %D were 13.99% and 19.79%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 16.27% and the average true range at 0.88, the RSI (14) stands at 40.37%. The stock has reached -1.09 on the 9-day MACD Oscillator while the 14-day reading was at -1.28.
Analyst Ratings
HSBC Securities launched coverage on Wells Fargo & Co. (NYSE: WFC) in its analyst report released on September 07, 2023. The firm assigned the stock a Hold rating. The consensus rating for Wells Fargo & Co. (WFC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WFC, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 15 others rate it as a “buy”.
What is WFC’s price target for the next 12 months?
Analysts predict a range of price targets between $43.00 and $65.00, with a median target of $51.50. Taking a look at these predictions, the average price target given by analysts for Wells Fargo & Co. (WFC) stock is $50.48.
