Wells Fargo & Company (NYSE:WFC) – Investment analysts at Piper Sandler lifted their Q1 2022 earnings per share (EPS) estimates for shares of Wells Fargo & Company in a report released on Wednesday, April 14th. Piper Sandler analyst R. Siefers now forecasts that the financial services provider will earn $0.77 per share for the quarter, up from their previous forecast of $0.65. Piper Sandler has a “Neutral” rating and a $32.00 price objective on the stock. Piper Sandler also issued estimates for Wells Fargo & Company’s Q2 2022 earnings at $0.85 EPS and FY2022 earnings at $3.59 EPS.
Other equities research analysts also recently issued research reports about the company. Raymond James upped their target price on Wells Fargo & Company from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer reaffirmed a “hold” rating on shares of Wells Fargo & Company in a research report on Tuesday, January 19th. Seaport Global Securities raised Wells Fargo & Company from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, January 19th. Jefferies Financial Group upped their target price on Wells Fargo & Company from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, April 9th. Finally, Robert W. Baird increased their price target on Wells Fargo & Company from $41.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Wells Fargo & Company has a consensus rating of “Buy” and a consensus target price of $40.26.
Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Tuesday, April 13th. The financial services provider reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.36. Wells Fargo & Company had a return on equity of 3.18% and a net margin of 3.72%. The company had revenue of $18.06 billion during the quarter, compared to analyst estimates of $17.42 billion. During the same period in the prior year, the firm posted $0.01 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Friday, February 5th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, February 4th. Wells Fargo & Company’s payout ratio is 9.13%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WFC. Schonfeld Strategic Advisors LLC boosted its stake in Wells Fargo & Company by 401.4% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 827,052 shares of the financial services provider’s stock worth $19,444,000 after purchasing an additional 662,097 shares during the period. IHT Wealth Management LLC raised its stake in Wells Fargo & Company by 3.5% during the third quarter. IHT Wealth Management LLC now owns 17,003 shares of the financial services provider’s stock worth $400,000 after buying an additional 568 shares during the last quarter. Chiron Capital Management LLC bought a new stake in Wells Fargo & Company in the third quarter valued at $533,000. Jeppson Wealth Management LLC acquired a new position in shares of Wells Fargo & Company during the third quarter valued at about $470,000. Finally, Eudaimonia Partners LLC raised its position in shares of Wells Fargo & Company by 12.9% in the third quarter. Eudaimonia Partners LLC now owns 8,584 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 982 shares during the period. 67.25% of the stock is currently owned by institutional investors.
Wells Fargo & Company Company Profile
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals, businesses, and institutions in the United States and internationally. It operates in three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.
See Also: Trading signals using Bollinger bands
Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.