Wells Fargo & Company [WFC] is -4.36% lower this YTD. Is it still time to buy?


Wells Fargo & Company [NYSE: WFC] gained 0.64% on the last trading session, reaching $45.89 price per share at the time. The company report on May 27, 2022 that WELLS FARGO AND FEDERACIÓN MEXICANA DE FÚTBOL ANNOUNCE MULTI-YEAR PARTNERSHIP EXTENSION.

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Wells Fargo is the first partner of both the Men and Women’s National Teams in the United States.

The Federación Mexicana de Fútbol (FMF) and Wells Fargo, a leading financial service partner and the Official Financial Services Sponsor of the Men and Women’s Mexican National Teams in the United States, announced today a multi-year extension of their partnership. Soccer United Marketing (SUM), FMF’s U.S. partner and commercial representative for the past 20 years, facilitated the agreement.

Wells Fargo & Company represents 3.83 billion in outstanding shares, while the company has a total market value of $172.84 billion with the latest information. WFC stock price has been found in the range of $45.45 to $46.05.

If compared to the average trading volume of 28.51M shares, WFC reached a trading volume of 19432256 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $59.92 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 2.00. 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.

Citigroup have made an estimate for Wells Fargo & Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 11, 2022. The new note on the price target was released on February 01, 2022, representing the official price target for Wells Fargo & Company stock. Previously, the target price had yet another raise from $50 to $64, while Piper Sandler kept a Overweight rating on WFC stock. On January 03, 2022, analysts increased their price target for WFC shares from 50 to 62.

The Average True Range (ATR) for Wells Fargo & Company is set at 1.53, with the Price to Sales ratio for WFC stock in the period of the last 12 months amounting to 4.34. The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 113.39.

Trading performance analysis for WFC stock

Wells Fargo & Company [WFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.13. With this latest performance, WFC shares gained by 1.59% in over the last four-week period, additionally sinking by -5.24% over the last 6 months – not to mention a drop of -1.78% 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 55.95, with the RSI for the last a single of trading hit 63.50, and the three-weeks RSI is set at 51.52 for Wells Fargo & Company [WFC]. The present Moving Average for the last 50 days of trading for this stock 46.57, while it was recorded at 44.54 for the last single week of trading, and 49.38 for the last 200 days.

Wells Fargo & Company [WFC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Wells Fargo & Company [WFC] shares currently have an operating margin of +33.97. Wells Fargo & Company’s Net Margin is presently recorded at +25.22.

Return on Equity for this stock inclined to 11.57, with Return on Assets sitting at 1.10.

Wells Fargo & Company [WFC]: An earnings per share (EPS) analysis

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Wells Fargo & Company go to 7.29%.

An analysis of insider ownership at Wells Fargo & Company [WFC]

There are presently around $126,970 million, or 74.00% of WFC stock, in the hands of institutional investors. The top three institutional holders of WFC stocks are: VANGUARD GROUP INC with ownership of 322,656,226, which is approximately -0.862% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 275,549,536 shares of the stock with an approximate value of $12.64 billion in WFC stocks shares; and FMR LLC, currently with $8.38 billion in WFC stock with ownership of nearly 0.117% of the company’s market capitalization.

Positions in Wells Fargo & Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,031 institutional holders increased their position in Wells Fargo & Company [NYSE:WFC] by around 134,246,037 shares. Additionally, 929 investors decreased positions by around 195,351,624 shares, while 299 investors held positions by with 2,437,227,558 shares. The mentioned changes placed institutional holdings at 2,766,825,219 shares, according to the latest SEC report filing. WFC stock had 187 new institutional investments in for a total of 25,718,327 shares, while 107 institutional investors sold positions of 9,557,252 shares during the same period.