Seaport Res Ptn Analysts Increase Earnings Estimates for WFC

Wells Fargo & Company (NYSE:WFC) – Seaport Res Ptn increased their Q1 2025 earnings per share estimates for Wells Fargo & Company in a report released on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings per share of $1.24 for the quarter, up from their prior estimate of $1.23. The consensus estimate for Wells Fargo & Company’s current full-year earnings is $5.89 per share. Seaport Res Ptn also issued estimates for Wells Fargo & Company’s Q1 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.62 EPS, Q4 2025 earnings at $1.62 EPS, Q1 2026 earnings at $1.46 EPS, Q3 2026 earnings at $1.82 EPS, Q3 2026 earnings at $1.82 EPS and Q4 2026 earnings at $1.83 EPS.

Several other equities analysts have also recently commented on the company. Compass Point increased their target price on Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial cut their price target on shares of Wells Fargo & Company from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Friday. Royal Bank of Canada raised shares of Wells Fargo & Company from a “sector perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, March 13th. Barclays upped their target price on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Bank of America reduced their price target on shares of Wells Fargo & Company from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.50.

Wells Fargo & Company Trading Down 7.2 %

Shares of WFC opened at $60.91 on Friday. Wells Fargo & Company has a one year low of $50.15 and a one year high of $81.50. The stock has a 50-day moving average price of $74.93 and a 200 day moving average price of $70.44. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market capitalization of $198.89 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.18 and a beta of 1.16.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s revenue was down .5% on a year-over-year basis.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Friday, February 7th. Wells Fargo & Company’s payout ratio is 29.74%.

Hedge Funds Weigh In On Wells Fargo & Company

Hedge funds and other institutional investors have recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in Wells Fargo & Company during the 4th quarter valued at about $26,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at approximately $28,000. BNP Paribas bought a new stake in shares of Wells Fargo & Company during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. boosted its position in shares of Wells Fargo & Company by 126.7% during the fourth quarter. Rakuten Securities Inc. now owns 424 shares of the financial services provider’s stock worth $30,000 after buying an additional 237 shares during the period. Finally, Modus Advisors LLC bought a new position in Wells Fargo & Company in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.