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Saturday, June 3, 2023

Is Wells Fargo & Company (NYSE: WFC) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Wells Fargo & Company (WFC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.06, or 0.15%, to $38.83. The Wells Fargo & Company has recorded 541,323 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Wells Fargo Innovation Incubator Announces 2023 Channel Partner Strategic Awards to Catalyze Innovation and Inclusion.

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Stocks Info

WFC belongs to the Financial sector of the NYSE while operating in the Banks – Diversified industry. At the end of the last regular session, the stock closed at $38.77 and fluctuated between $39.10 as its day high and $37.46 as its day low. The current market capitalization of Wells Fargo & Company is $148.73B. A total of 24.39 million shares were traded on the day, compared to an average of 25.55M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, WFC has seen 18 BUY and 17 SELL insider trades, representing the acquisition of 456,797 and the disposition of 266,209 shares. Over the last 12 months, there were 67 BUYs and 65 SELLs from insiders. Insiders purchased 1,828,320 shares during that period but sold 971,707.

In the most recent transaction, Norwood Felicia F bought 77 shares of WFC for 18.85 per share on Mar 16. After the transaction, the Director now owns 228 company shares. In a previous transaction on Feb 23, Santos Kleber sold 34,698 shares at 46.27 per share. WFC shares that Sr. Executive Vice President owns now total 19,590.

Among the insiders who sold shares, Patterson Ellen R disposed of 2 shares on Dec 22 at a per-share price of $40.64. This resulted in the Sr. EVP and General Counsel holding 66,149 shares of WFC after the transaction. In another insider transaction, Patterson Ellen R bought 8 shares at $47.20 per share on Nov 08. Company shares held by the Sr. EVP and General Counsel now total 66,151.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Wells Fargo & Company pays an annual dividend of $1.20, resulting in a dividend yield of 3.10%, and it has a price to earnings (P/E) ratio of 11.07. WFC’s most recent ex-dividend date was 5/4/2023 when it declared a $0.30 quarterly dividend that was paid in cash on 6/1/2023. Previously, the company paid the dividend on 3/1/2023 with an ex-dividend date of 2/2/2023. The WFC stock dividend was $0.30 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for WFC in the last 3 months, the mean price target is $48.53 with high estimates of $65.00 and low estimates of $36.00. In terms of 52-week highs and lows, WFC has a high of $48.84 and a low of $35.25.

As of this writing, WFC has an earnings estimate of $1.25 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $1.43 per share and a lower estimate of $1.05. The company reported an EPS of $0.61 in the last quarter, which was -7.60% lower than expectations of $0.66.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $42.72, while its Total Shareholder’s Equity was $190.11B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WFC is Buy with a score of 4.13.

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