Wells Fargo & Company (NYSE:WFC) Stock Has Consensus Price Target of $98.08 According to Brokerages

Wells Fargo & Company (NYSE:WFC) has earned a consensus rating of “Moderate Buy” from the twenty-four analysts that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $98.08.

WFC has been the subject of a number of recent research reports. TD Cowen initiated coverage on shares of Wells Fargo & Company in a research report on Thursday, October 8th. They issued a “buy” rating and a $95.00 target price for the company. Robert W. Baird lifted their price target on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Citigroup decreased their price target on Wells Fargo & Company from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Thursday, October 15th. Finally, Bank of America increased their target price on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th.

Hedge Funds Weigh In On Wells Fargo & Company

A number of hedge funds have recently modified their holdings of the business. Bryn Mawr Trust Advisors LLC purchased a new position in Wells Fargo & Company in the 2nd quarter worth approximately $658,000. WINTON GROUP Ltd bought a new position in shares of Wells Fargo & Company during the second quarter valued at about $16,259,000. Citizens Financial Group Inc. RI bought a new position in shares of Wells Fargo & Company during the second quarter valued at about $25,922,000. Whalen Wealth Management Inc. bought a new position in shares of Wells Fargo & Company during the second quarter valued at about $1,190,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Wells Fargo & Company in the second quarter worth about $1,116,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo’s recent third-quarter results showed earnings of $1.87 per share, slightly above the $1.85 consensus estimate. Net income and net interest income increased year over year, and management reaffirmed its full-year net-interest-income outlook. Revenue was below estimates but still grew 2% from the prior year. Should Earnings Beat Require Action From Wells Fargo Investors?
• Positive Sentiment: The bank says it is in growth mode, with Arizona identified as an important expansion market. Continued branch, lending and customer-growth opportunities could support future revenue. Wells Fargo CEO: Bank in Growth Mode and Arizona Is a Key Market
• Positive Sentiment: Wells Fargo plans to launch a stablecoin in the first half of 2027 for cross-border payments and digital-asset settlements. The initiative could create longer-term fee opportunities and strengthen the bank’s position in blockchain-based payments. Wells Fargo’s Stablecoin Push
• Positive Sentiment: Wells Fargo provided $1.275 billion in senior secured financing to Belk, expanding its commercial-banking activity and demonstrating demand for its lending capabilities. Belk Secures New Financing
• Positive Sentiment: Analysts and financial commentators continue to highlight Wells Fargo’s recovery potential, while the bank’s dividend growth and manageable payout ratio add to its appeal for income-oriented investors. Bank Dividend Growth Analysis
• Neutral Sentiment: Investor attention has increased, but Zacks’ coverage largely recaps valuation, earnings and outlook factors rather than identifying a new catalyst. Wells Fargo Is Attracting Investor Attention
• Negative Sentiment: Wells Fargo faces pressure to attract more customer cash after a reported $3 billion decline in low-cost deposits. Replacing those balances with more expensive funding could reduce net-interest margins and future profits. Wells Fargo’s Deposit Challenge
• Negative Sentiment: Exchange-traded funds were net sellers of WFC on October 19, indicating some institutional selling pressure. ETFs Are Net Sellers of Wells Fargo

Wells Fargo & Company Trading Up 0.2%

Shares of WFC stock opened at $82.38 on Friday. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76. The company has a market capitalization of $249.13 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.88 and a beta of 0.96. The firm has a 50 day moving average price of $84.90 and a two-hundred day moving average price of $83.39. The company has a quick ratio of 0.90, a current ratio of 0.89 and a debt-to-equity ratio of 1.14.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Tuesday, October 13th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.85 by $0.02. The company had revenue of $21.87 billion for the quarter, compared to the consensus estimate of $22.30 billion. Wells Fargo & Company had a return on equity of 14.05% and a net margin of 17.64%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share. As a group, analysts predict that Wells Fargo & Company will post 7.27 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were given a $0.50 dividend. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is 28.21%.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified financial services company that provides banking, lending, investment, and financial management services to individuals, businesses, and institutions. Its offerings include deposit accounts, residential and commercial lending, credit cards, payments, treasury management, and other banking products.

The company also provides wealth and investment management services, including financial planning, brokerage, advisory, and private banking solutions.