Seaport Res Ptn Issues Positive Outlook for WFC Earnings

Wells Fargo & Company (NYSE:WFC) – Research analysts at Seaport Res Ptn raised their Q1 2025 earnings estimates for shares of Wells Fargo & Company in a note issued to investors on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will earn $1.24 per share 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.

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

Several other equities research analysts have also recently commented on WFC. Compass Point boosted their price target on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Truist Financial dropped their target price 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. Morgan Stanley set a $79.00 target price on shares of Wells Fargo & Company in a report on Monday, March 24th. Royal Bank of Canada raised Wells Fargo & Company from a “sector perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday, March 13th. Finally, Bank of America reduced their price objective on Wells Fargo & Company from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus target price of $75.50.

Wells Fargo & Company Stock Down 7.2 %

WFC opened at $60.91 on Friday. 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 PE ratio of 11.32, a P/E/G ratio of 1.18 and a beta of 1.16. The stock’s fifty day moving average is $74.93 and its 200-day moving average is $70.44. Wells Fargo & Company has a one year low of $50.15 and a one year high of $81.50.

Institutional Trading of Wells Fargo & Company

A number of institutional investors have recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Wells Fargo & Company by 19.1% during the 4th quarter. Empowered Funds LLC now owns 190,330 shares of the financial services provider’s stock valued at $13,369,000 after buying an additional 30,510 shares during the last quarter. Valmark Advisers Inc. raised its position in Wells Fargo & Company by 5.5% during the fourth quarter. Valmark Advisers Inc. now owns 8,300 shares of the financial services provider’s stock valued at $583,000 after acquiring an additional 431 shares in the last quarter. NatWest Group plc lifted its stake in Wells Fargo & Company by 57.7% in the fourth quarter. NatWest Group plc now owns 172,484 shares of the financial services provider’s stock valued at $12,115,000 after acquiring an additional 63,102 shares during the last quarter. Weiss Asset Management LP bought a new stake in Wells Fargo & Company in the third quarter worth approximately $10,451,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth $1,656,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Announces Dividend

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

About Wells Fargo & Company

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.