Wells Fargo & Company Expected to Earn FY2025 Earnings of $5.80 Per Share (NYSE:WFC)

Wells Fargo & Company (NYSE:WFC) – Stock analysts at Seaport Res Ptn lifted their FY2025 earnings per share (EPS) estimates for shares of Wells Fargo & Company in a research note issued on Tuesday, July 2nd. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings per share of $5.80 for the year, up from their prior forecast of $5.75. The consensus estimate for Wells Fargo & Company’s current full-year earnings is $5.13 per share.

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

Several other brokerages have also recently weighed in on WFC. HSBC raised their price objective on Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. The Goldman Sachs Group raised their price objective on Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Evercore ISI raised their price objective on Wells Fargo & Company from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. StockNews.com upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research report on Monday, April 15th. Fourteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wells Fargo & Company has a consensus rating of “Hold” and a consensus target price of $59.36.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $60.59 on Wednesday. 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 stock’s fifty day simple moving average is $59.54 and its two-hundred day simple moving average is $55.30. Wells Fargo & Company has a 1-year low of $38.38 and a 1-year high of $62.55. The stock has a market cap of $211.24 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.46 and a beta of 1.17.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Friday, May 10th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, May 9th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.23%.

Institutional Investors Weigh In On Wells Fargo & Company

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Wells Fargo & Company in the 4th quarter worth about $2,623,044,000. LSV Asset Management boosted its stake in Wells Fargo & Company by 40.4% in the 4th quarter. LSV Asset Management now owns 9,308,450 shares of the financial services provider’s stock worth $458,162,000 after purchasing an additional 2,677,050 shares during the period. 1832 Asset Management L.P. boosted its stake in Wells Fargo & Company by 67.1% in the 1st quarter. 1832 Asset Management L.P. now owns 5,852,764 shares of the financial services provider’s stock worth $339,226,000 after purchasing an additional 2,349,595 shares during the period. Morningstar Investment Services LLC boosted its stake in Wells Fargo & Company by 103.7% in the 4th quarter. Morningstar Investment Services LLC now owns 3,833,570 shares of the financial services provider’s stock worth $189,684,000 after purchasing an additional 1,951,477 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Wells Fargo & Company by 42.7% in the 4th quarter. Nordea Investment Management AB now owns 5,780,421 shares of the financial services provider’s stock worth $285,668,000 after purchasing an additional 1,729,132 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Company Profile

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.