Media stories about Wells Fargo & Co (NYSE:WFC) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Wells Fargo & Co earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.2593687400965 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Abbot Downing Launches Institute for Family Culture With Focus on Family Business Transitions and Social Impact Analysis (finance.yahoo.com)
- Wells Fargo's Mayo Sees Blankfein Leaving in 2019 (finance.yahoo.com)
- Wells Fargo says the S&P 500 is going to take the scenic route to all-time highs this year (cnbc.com)
- Wells Fargo Preferred Bank for NRA (finance.yahoo.com)
- Wells Fargo puts its sports account with MKTG into review (finance.yahoo.com)
Shares of Wells Fargo & Co (NYSE WFC) traded down $0.21 during mid-day trading on Monday, reaching $58.02. 12,414,478 shares of the company’s stock were exchanged, compared to its average volume of 27,470,000. The company has a market cap of $285,710.00, a price-to-earnings ratio of 16.07, a PEG ratio of 1.52 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 1.23. Wells Fargo & Co has a fifty-two week low of $49.27 and a fifty-two week high of $66.31.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Friday, February 2nd were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.56 dividend on an annualized basis and a yield of 2.69%. Wells Fargo & Co’s dividend payout ratio (DPR) is presently 43.21%.
Wells Fargo & Co announced that its Board of Directors has approved a share buyback plan on Tuesday, January 23rd that allows the company to buyback 350,000,000 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
A number of research analysts have recently issued reports on the stock. Vetr upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.78 price target on the stock in a research report on Monday, February 12th. UBS Group set a $63.00 price target on shares of Wells Fargo & Co and gave the stock a “hold” rating in a research report on Monday, February 5th. Vertical Group upgraded shares of Wells Fargo & Co from a “sell” rating to a “buy” rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods downgraded shares of Wells Fargo & Co from an “outperform” rating to a “market perform” rating and set a $63.00 price target on the stock. in a research report on Sunday, February 4th. Finally, BMO Capital Markets restated a “hold” rating and issued a $60.00 price target on shares of Wells Fargo & Co in a research report on Monday, February 5th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $62.90.
In other Wells Fargo & Co news, Director Ronald Sargent purchased 9,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $55.98 per share, for a total transaction of $503,820.00. Following the purchase, the director now owns 81 shares of the company’s stock, valued at approximately $4,534.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.22% of the company’s stock.
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Wells Fargo & Co Company Profile
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.
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