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

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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.

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 1.66 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.

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