Market Momentum Report: Wells Fargo & Co. (WFC)’s Negative Close at 58.96

Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

The price of Wells Fargo & Co. (NYSE: WFC) closed at $58.96 in the last session, down -0.15% from day before closing price of $59.05. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 11.98 million shares were traded. WFC stock price reached its highest trading level at $59.2 during the session, while it also had its lowest trading level at $58.59.


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 1.66 whereas as Long-Term Debt/Eq ratio is at 0.97.

On March 27, 2024, Keefe Bruyette Downgraded its rating to Mkt Perform which previously was Outperform and also upped its target price recommendation from $56 to $62.

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 Nov 09 ’23 when DAVIS RICHARD K bought 3,500 shares for $41.22 per share. The transaction valued at 144,270 led to the insider holds 4,244 shares of the business.

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 205867089920 and an Enterprise Value of 132487151616. As of this moment, Wells’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.30, and their Forward P/E ratio for the next fiscal year is 10.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 1.707.

Stock Price History:

The Beta on a monthly basis for WFC is 1.16, which has changed by 0.45185912 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, WFC has reached a high of $62.55, while it has fallen to a 52-week low of $38.38. The 50-Day Moving Average of the stock is -0.68%, while the 200-Day Moving Average is calculated to be 17.24%.

Shares Statistics:

According to the various share statistics, WFC traded on average about 16.64M shares per day over the past 3-months and 15920860 shares per day over the past 10 days. A total of 3.60B shares are outstanding, with a floating share count of 3.48B. Insiders hold about 0.15% of the company’s shares, while institutions hold 78.03% stake in the company. Shares short for WFC as of 1715731200 were 38130739 with a Short Ratio of 2.19, compared to 1713139200 on 32497656. Therefore, it implies a Short% of Shares Outstanding of 38130739 and a Short% of Float of 1.0999999999999999.

Dividends & Splits

The forward annual dividend rate for WFC is 1.40, which was 1.35 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.022861982The stock’s 5-year Average Dividend Yield is 3.18. The current Payout Ratio is 26.90% for WFC, which recently paid a dividend on 2024-02-01 with an ex-dividend date of 1715212800. Stock splits for the company last occurred on 2006-08-14 when the company split stock in a 2:1 ratio.

Most Popular