Market Makes Moves for shares of Wells Fargo & Company (NYSE:WFC)
Furthermore, Wells Fargo & Company exhibits capitalization for its shares on thestock market of 283.07B.
Wells Fargo & Company (NYSE:WFC) Real Estate Investment Corporation reported that its board of directors has reported a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A. The dividend is equal to $0.3984375 per share of Series A preferred stock.
Ford Motor Company (NYSE:F) was moving on trading-volume of 1.11 million shares in the recent trading session versus its average trading volume of 25.99 million shares.
Wells Fargo (NYSE:WFC) last released its quarterly earnings data on Wednesday, October 14th. U.S. Bancorp (NYSE:USB) distance from 50-day simple moving average (SMA50) is 4.67%.
In related news, EVP Timothy J. Sloan sold 24,000 shares of the firm’s stock in a transaction on Thursday, October 22nd. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. The firm earned $21.88 billion during the quarter, compared to analyst estimates of $21.75 billion. The stock’s average target of $58.80 is 5.38% above today’s ($55.8) share price. Wells Fargo’s revenue was up 3.1% compared to the same quarter a year ago. During the same period in the prior year, the business posted $1.02 EPS.Wells Fargo & Company was the topic in 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. PepsiCo has paid successive quarterly cash dividends since 1965, and 2015 marks the company’s 43rd successive annual dividend improvement. The ex-dividend date was Wednesday, November 4th.
Several other equities analysts also recently weighed in on WFC. The stock was sold at an average price of $54.28, for a total value of $1,302,720.00. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.69%. Piper Jaffray started coverage on shares of Wells Fargo in a research report on Monday, November 23rd. Deutsche Bank boosted their target price on shares of Wells Fargo from $53.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, November 2nd. Susquehanna lowered their price target on Wells Fargo from $62.00 to $60.00 and set a neutral rating for the company in a report on Tuesday, November 17th. Keefe, Bruyette & Woods cut their price target on Wells Fargo from $61.00 to $60.00 in a research note on Thursday, October 15th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the stock. The 52-week high of the share price is $58.765 and the company has a market cap of $284,352 million. The Company is a diversified financial services company. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. Wells Fargo Real Estate Investment Corporation is an indirect subsidiary of Wells Fargo & Firm and is qualified as a real estate investment trust for federal income tax purposes.