Currently, there are 3.60B common shares owned by the public and among those 3.40B shares have been available to trade.
The company’s stock has a 5-day price change of -0.69% and -5.88% over the past three months. WFC shares are trading 13.57% year to date (YTD), with the 12-month market performance up to 36.81% higher. It has a 12-month low price of $38.38 and touched a high of $62.55 over the same period. WFC has an average intraday trading volume of 17.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.29%, 0.14%, and 0.68% respectively.
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Institutional ownership of Wells Fargo & Co. (NYSE: WFC) shares accounts for 76.51% of the company’s 3.60B shares outstanding.
It has a market capitalization of $190.27B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 11.47, while the earnings-per-share (ttm) stands at $4.87. The company has a PEG of 1.41 and the debt-to-equity ratio at 1.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.17% over the week and 3.08% over the month.
Earnings per share for the fiscal year are expected to increase by 4.98%, and 8.37% over the next financial year. EPS should grow at an annualized rate of 8.16% over the next five years, compared to 2.48% over the past 5-year period.
Looking at the support for the WFC, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on September 06, 2024, with the firm’s price target at $67-$65. Deutsche Bank coverage for the Wells Fargo & Co. (WFC) stock in a research note released on September 03, 2024 offered a Buy rating with a price target of $65. Compass Point was of a view on April 09, 2024 that the stock is Neutral, while Keefe Bruyette gave the stock Mkt Perform rating on March 27, 2024, issuing a price target of $56- $62. Odeon on their part issued Hold rating on January 18, 2024.
