Wells Fargo (NYSE:WFC) declared a quarterly dividend on Tuesday, January 26th, AnalystRatings.NET reports. Shareholders of record on Friday, February 5th will be given a dividend of 0.375 per share by the financial services provider on Tuesday, March 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.11%.

In other Wells Fargo news, EVP Michael J. Loughlin sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 9th. The shares were sold at an average price of $54.48, for a total transaction of $1,089,600.00. Following the completion of the sale, the executive vice president now directly owns 1,260 shares of the company’s stock, valued at approximately $68,644.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Wells Fargo (NYSE:WFC) traded up 1.26% on Tuesday, reaching $48.26. 18,859,219 shares of the company’s stock traded hands. Wells Fargo has a 12-month low of $46.88 and a 12-month high of $58.77. The stock has a 50-day moving average of $52.46 and a 200 day moving average of $54.06. The firm has a market cap of $245.74 billion and a P/E ratio of 11.63.

Wells Fargo (NYSE:WFC) last announced its quarterly earnings data on Friday, January 15th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. During the same period in the prior year, the business posted $1.02 earnings per share. The company had revenue of $21.59 billion for the quarter. Wells Fargo’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts expect that Wells Fargo will post $4.30 earnings per share for the current year.

A number of research analysts have weighed in on WFC shares. Nomura dropped their price objective on shares of Wells Fargo from $66.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Goldman Sachs dropped their price target on shares of Wells Fargo from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Vetr lowered shares of Wells Fargo from a “strong-buy” rating to a “buy” rating and set a $58.21 price target on the stock. in a research report on Monday, October 5th. Jefferies Group dropped their price target on shares of Wells Fargo from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. raised shares of Wells Fargo from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $59.50 to $58.50 in a research report on Friday, October 9th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $57.84.

Wells Fargo & Company is a financial services and bank holding company. The Company’s segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement. The Company’s Community Banking segment offers a range of financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. The Community Banking segment’s products include investment, insurance and trust services, and mortgage and home equity loans. The Community Banking segment’s products and business segments include middle market commercial banking, government and institutional banking, corporate banking and commercial real estate, among others. The Company’s Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

12 Month Chart for NYSE:WFC

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