Wells Fargo & Company [WFC] moved down -2.81: Why It’s Important



Wells Fargo & Company [NYSE: WFC] traded at a low on 11/30/21, posting a -2.81 loss after which it closed the day’ session at $47.78. The company report on November 30, 2021 that Wells Fargo to Present at the Goldman Sachs US Financial Services Conference.

Wells Fargo & Company (NYSE: WFC) said that Chief Executive Officer Charlie Scharf will present at the Goldman Sachs US Financial Services Conference on Tuesday, Dec. 7, 2021 at 8:00 a.m. ET.

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The results of the trading session contributed to over 40264639 shares changing hands. Over the past one week, the price volatility of Wells Fargo & Company stands at 2.33% while the volatility over the past one month is 2.18%.

The market cap for WFC stock reached $194.72 billion, with 4.06 billion shares outstanding and 3.98 billion shares in the current float. Compared to the average trading volume of 26.85M shares, WFC reached a trading volume of 40264639 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Wells Fargo & Company [WFC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WFC shares is $52.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WFC stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Odeon have made an estimate for Wells Fargo & Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 29, 2021. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $49 to $46. The new note on the price target was released on September 28, 2021, representing the official price target for Wells Fargo & Company stock.

The Average True Range (ATR) for Wells Fargo & Company is set at 1.36, with the Price to Sales ratio for WFC stock in the period of the last 12 months amounting to 4.86. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 121.70.

How has WFC stock performed recently?

Wells Fargo & Company [WFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.09. With this latest performance, WFC shares dropped by -6.61% in over the last four-week period, additionally plugging by 2.07% over the last 6 months – not to mention a rise of 74.70% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WFC stock in for the last two-week period is set at 40.66, with the RSI for the last a single of trading hit 36.08, and the three-weeks RSI is set at 44.12 for Wells Fargo & Company [WFC]. The present Moving Average for the last 50 days of trading for this stock 49.14, while it was recorded at 49.62 for the last single week of trading, and 45.23 for the last 200 days.

Wells Fargo & Company [WFC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Wells Fargo & Company [WFC] shares currently have an operating margin of +4.57. Wells Fargo & Company’s Net Margin is presently recorded at +4.02.

Return on Total Capital for WFC is now 0.76, given the latest momentum, and Return on Invested Capital for the company is 0.88. Return on Equity for this stock inclined to 1.77, with Return on Assets sitting at 0.17. When it comes to the capital structure of this company, Wells Fargo & Company [WFC] has a Total Debt to Total Equity ratio set at 149.77. Additionally, WFC Total Debt to Total Capital is recorded at 59.96, with Total Debt to Total Assets ending up at 14.09. Long-Term Debt to Equity for the company is recorded at 113.37, with the Long-Term Debt to Total Capital now at 40.20.

Reflecting on the efficiency of the workforce at the company, Wells Fargo & Company [WFC] managed to generate an average of $12,293 per employee.

Earnings analysis for Wells Fargo & Company [WFC]

With the latest financial reports released by the company, Wells Fargo & Company posted 0.64/share EPS, while the average EPS was predicted by analysts to be reported at 0.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WFC.

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Insider trade positions for Wells Fargo & Company [WFC]

There are presently around $143,355 million, or 73.60% of WFC stock, in the hands of institutional investors. The top three institutional holders of WFC stocks are: VANGUARD GROUP INC with ownership of 332,443,083, which is approximately -0.272% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 294,902,679 shares of the stock with an approximate value of $14.5 billion in WFC stocks shares; and FMR LLC, currently with $9.18 billion in WFC stock with ownership of nearly -0.504% of the company’s market capitalization.

Positions in Wells Fargo & Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 799 institutional holders increased their position in Wells Fargo & Company [NYSE:WFC] by around 113,252,673 shares. Additionally, 928 investors decreased positions by around 165,612,707 shares, while 289 investors held positions by with 2,637,230,098 shares. The mentioned changes placed institutional holdings at 2,916,095,478 shares, according to the latest SEC report filing. WFC stock had 115 new institutional investments in for a total of 33,796,688 shares, while 115 institutional investors sold positions of 26,543,889 shares during the same period.