Seaport Res Ptn Analysts Decrease Earnings Estimates for Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company (NYSE:WFC) – Analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share (EPS) estimates for Wells Fargo & Company in a research note issued to investors on Sunday, April 14th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings per share of $1.40 for the quarter, down from their prior estimate of $1.48. The consensus estimate for Wells Fargo & Company’s current full-year earnings is $4.86 per share. Seaport Res Ptn also issued estimates for Wells Fargo & Company’s Q3 2025 earnings at $1.50 EPS.

Other research analysts have also recently issued research reports about the stock. Argus boosted their price objective on shares of Wells Fargo & Company from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $51.00 target price on shares of Wells Fargo & Company in a research report on Tuesday, January 9th. The Goldman Sachs Group raised their price target on Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 1st. HSBC boosted their price objective on Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $62.00 target price (up from $56.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 27th. Thirteen analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company currently has a consensus rating of “Hold” and an average price target of $58.85.

Wells Fargo & Company Price Performance

Shares of WFC stock opened at $57.18 on Tuesday. Wells Fargo & Company has a 1 year low of $36.40 and a 1 year high of $58.44. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $55.42 and its 200-day moving average is $48.61. The firm has a market capitalization of $202.44 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.15 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The firm had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The company’s revenue was up .6% on a year-over-year basis.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 2nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 1st. Wells Fargo & Company’s dividend payout ratio is presently 29.23%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Lazari Capital Management Inc. grew its holdings in Wells Fargo & Company by 0.9% during the 4th quarter. Lazari Capital Management Inc. now owns 22,804 shares of the financial services provider’s stock valued at $1,122,000 after buying an additional 202 shares in the last quarter. Webster Bank N. A. increased its holdings in shares of Wells Fargo & Company by 2.0% in the 1st quarter. Webster Bank N. A. now owns 10,153 shares of the financial services provider’s stock worth $588,000 after buying an additional 202 shares during the last quarter. First Financial Corp IN raised its position in shares of Wells Fargo & Company by 4.9% during the 4th quarter. First Financial Corp IN now owns 4,595 shares of the financial services provider’s stock valued at $226,000 after buying an additional 214 shares in the last quarter. CX Institutional lifted its holdings in shares of Wells Fargo & Company by 1.1% in the 4th quarter. CX Institutional now owns 20,280 shares of the financial services provider’s stock valued at $998,000 after acquiring an additional 217 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its position in Wells Fargo & Company by 3.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 6,746 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 219 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

About Wells Fargo & Company

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.