Wells Fargo & Company Common St (NYSE:WFC):
SHAREHOLDER ALERT – Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Wells Fargo & Company (WFC) & Lead Plaintiff Deadline – November 25, 2016.
The company is now up since yesterday’s close of $44.89.
The company also announced a dividend for shareholders paid on Thursday September 1st, 2016. The dividend payment was $0.380 per share for the quarter or $1.52 annualized. This dividend amount was represent a yeild of $3.32. The ex-dividend date was set for Wednesday the 3rd of August 2016.
Company chares are trading at $44.98 which is a tad under the 50 day moving average which is $48.17 and a bit lower than the 200 day moving average of $48.53. The 50 day moving average moved down $-3.16 and the 200 day average went down by -7.25%.
The most current P/E ratio is 11.11 and the market cap is 227.10B. In the latest earnings report the EPS was $4.05 and is expected to be $4.02 for the current year with 5,045,547,000 shares now outstanding. Next quarter’s EPS is estimated at $1.01 and the next full year EPS is anticipated to be $4.17.
A few Wall Street analysts have released opinions on the company of late. On September 22 Deutsche Bank left the company rating at “Buy” but moved down the price target from $59.00 to $50.00. On September 21 the stock rating was downgraded from “Overweight” to “Neutral” and a price target of $48.00 was set in an announcement from JP Morgan.
Equity analyst JP Morgan downgraded the stock and lowered the price target on September 21 cutting the price target from $59.50 to $48.00 and moving the rating from “Overweight” to “Neutral”. On September 20 the company was upgraded to “Overweight” from “” with a current price target of $53.00 in a statement from Morgan Stanley.
On September 19 the company was set at “Underweight” according to a Baird report up from the previous “Neutral” rating. On September 16 the company was downgraded to “Sell” from “Neutral” and a price target of $44.00 was set in a report issued by Atlantic Equities.