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The price of Wells Fargo & Co (NYSE: WFC) closed at $70.80 in the last session, down -1.12% from day before closing price of $71.60. In other words, the price has decreased by -$1.12 from its previous closing price. On the day, 12.41 million shares were traded. WFC stock price reached its highest trading level at $72.06 during the session, while it also had its lowest trading level at $70.79.
Ratios:
We take a closer look at WFC’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.63 whereas as Long-Term Debt/Eq ratio is at 1.00.
On September 06, 2024, Evercore ISI reiterated its Outperform rating and also upped its target price recommendation from $67 to $65.
Deutsche Bank Upgraded its Hold to Buy on September 03, 2024, while the target price for the stock was maintained at $65.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 16 ’24 when Williams Ather III sold 60,000 shares for $63.70 per share. The transaction valued at 3,822,000 led to the insider holds 163,610 shares of the business.
Williams Ather III bought 60,000 shares of WFC for $3,822,000 on Oct 16 ’24. On Oct 14 ’24, another insider, Van Beurden Saul, who serves as the Sr. Executive Vice President of the company, sold 35,000 shares for $61.99 each. As a result, the insider received 2,169,650 and left with 126,687 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WFC now has a Market Capitalization of 238391394304 and an Enterprise Value of 200325939200. As of this moment, Wells’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.72, and their Forward P/E ratio for the next fiscal year is 12.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 2.572.
Stock Price History:
Over the past 52 weeks, WFC has reached a high of $78.13, while it has fallen to a 52-week low of $45.81. The 50-Day Moving Average of the stock is 3.75%, while the 200-Day Moving Average is calculated to be 17.42%.
Shares Statistics:
According to the various share statistics, WFC traded on average about 18.50M shares per day over the past 3-months and 14942920 shares per day over the past 10 days. A total of 3.35B shares are outstanding, with a floating share count of 3.32B. Insiders hold about 0.15% of the company’s shares, while institutions hold 76.91% stake in the company. Shares short for WFC as of 1732838400 were 39695990 with a Short Ratio of 2.15, compared to 1730332800 on 34963714. Therefore, it implies a Short% of Shares Outstanding of 39695990 and a Short% of Float of 1.1900000000000002.
Dividends & Splits
The forward annual dividend rate for WFC is 1.50, which was 1.45 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.020251397The stock’s 5-year Average Dividend Yield is 3.04.
