News articles about Wells Fargo (NYSE:WFC) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wells Fargo earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.2712137462213 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- PRO Talks: Wells Fargo’s Darrell Cronk on why it may be time to move away from tech (cnbc.com)
- JPMorgan Chase, Bank of America, Wells Fargo deposits swell by $2.4T since crisis – Yahoo Finance (finance.yahoo.com)
- WELLS FARGO SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100000 of Lead … – Business Wire (press release) (businesswire.com)
- Wells Fargo to part with four risk-management execs – Charlotte Business Journal (bizjournals.com)
- [$$] Wells Fargo’s Risk Shake-up Continues With Departure of Four Executives (finance.yahoo.com)
Shares of WFC stock traded down $1.55 during trading on Friday, hitting $50.98. The company’s stock had a trading volume of 30,975,084 shares, compared to its average volume of 20,690,732. Wells Fargo has a one year low of $49.27 and a one year high of $66.31. The stock has a market cap of $256,228.41, a price-to-earnings ratio of 12.53, a PEG ratio of 1.37 and a beta of 1.08. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 2nd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, February 1st. Wells Fargo’s dividend payout ratio (DPR) is currently 38.33%.
Wells Fargo declared that its Board of Directors has authorized a stock repurchase program on Tuesday, January 23rd that permits the company to repurchase 350,000,000 outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
A number of equities research analysts recently issued reports on the company. Vetr raised Wells Fargo from a “sell” rating to a “hold” rating and set a $54.78 target price on the stock in a research note on Monday, February 12th. UBS set a $63.00 target price on Wells Fargo and gave the company a “hold” rating in a research note on Monday, February 5th. Vertical Group raised Wells Fargo from a “sell” rating to a “buy” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods lowered Wells Fargo from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a research note on Sunday, February 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $60.00 target price on shares of Wells Fargo in a research note on Monday, February 5th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Wells Fargo presently has a consensus rating of “Hold” and an average target price of $62.90.
In other news, Director Ronald Sargent bought 9,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $55.98 per share, with a total value of $503,820.00. Following the transaction, the director now owns 81 shares of the company’s stock, valued at approximately $4,534.38. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.
Wells Fargo Company Profile
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.
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