Wells Fargo & Company (NYSE:WFC) Stock Has Consensus Target Price of $98.61

Wells Fargo & Company (NYSE:WFC) has been given a consensus recommendation of “Moderate Buy” by the twenty-five analysts that are currently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $99.08.

Several research analysts have weighed in on the company. Raymond James Financial reiterated a “market perform” rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. Robert W. Baird increased their price target on Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Bank of America lifted their price objective on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Wells Fargo & Company from $93.50 to $95.50 and gave the company a “neutral” rating in a research note on Wednesday, July 29th.

Wells Fargo & Company Trading Up 0.2%

Shares of Wells Fargo & Company stock opened at $82.08 on Tuesday. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $248.21 billion, a P/E ratio of 11.93, a PEG ratio of 0.90 and a beta of 0.92. The company’s fifty day moving average is $86.96 and its two-hundred day moving average is $82.86.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.23. The business had revenue of $22.62 billion during the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Analysts forecast that Wells Fargo & Company will post 7.25 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, August 7th. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s payout ratio is presently 29.07%.

Key Wells Fargo & Company News

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Senator McConnell disclosed a purchase of WFC stock, offering a modest positive sentiment signal, although the filing does not indicate the size or investment rationale. Congress Trade: Senator Mitch McConnell Just Disclosed New Stock Trades
• Neutral Sentiment: Wells Fargo announced a succession plan for its chief risk officer. Derek Flowers will retire in mid-January after nearly 30 years with the bank, and Chief Operating Officer Scott Powell will succeed him. The internal appointment should support continuity, but Flowers’ departure makes execution and regulatory risk oversight important areas for investors to monitor. Wells Fargo’s chief risk officer Derek Flowers to retire
• Negative Sentiment: Broader banking shares faced pressure from concerns that Meta’s Muse AI agent could disrupt traditional financial services. The worries are sector-wide rather than specific to Wells Fargo’s fundamentals, but they can weigh on valuations for large banks, including WFC. JPMorgan, Wells Fargo and Bank of America Slide as Meta’s Muse Sparks AI Fears
• Negative Sentiment: Wells Fargo’s equity strategist warned that AI-related spending could hit a “cliff” in 2028 and lowered the S&P 500 target to 7,700. Although the report is not a downgrade of WFC, it reinforces caution toward elevated technology valuations and could contribute to broader market risk aversion affecting financial stocks. Wells Fargo Says the AI Spending Math Breaks in 2028

Hedge Funds Weigh In On Wells Fargo & Company

A number of institutional investors and hedge funds have recently made changes to their positions in WFC. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Wells Fargo & Company during the 2nd quarter valued at $658,000. Vanguard Personalized Indexing Management LLC grew its holdings in Wells Fargo & Company by 4.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock worth $38,446,000 after purchasing an additional 17,302 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in Wells Fargo & Company in the second quarter worth $25,922,000. Norges Bank bought a new stake in Wells Fargo & Company in the fourth quarter valued at $4,512,563,000. Finally, Whalen Wealth Management Inc. bought a new stake in Wells Fargo & Company in the second quarter valued at $1,190,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified financial services company that provides banking, lending, investment, and wealth management services to consumers, businesses, and institutions. Its offerings include checking and savings accounts, credit cards, mortgages, auto loans, personal lending, commercial financing, and treasury management services.

The company operates through businesses that include consumer and small-business banking, commercial banking, corporate and investment banking, and wealth and investment management.