What is Seaport Res Ptn’s Forecast for WFC FY2025 Earnings?

Wells Fargo & Company (NYSE:WFC) – Research analysts at Seaport Res Ptn upped their FY2025 earnings per share estimates for shares of Wells Fargo & Company in a research note issued on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $5.93 per share for the year, up from their previous estimate of $5.87. The consensus estimate for Wells Fargo & Company’s current full-year earnings is $5.89 per share. Seaport Res Ptn also issued estimates for Wells Fargo & Company’s FY2027 earnings at $7.90 EPS.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.13. The firm had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.83 billion. Wells Fargo & Company had a return on equity of 12.29% and a net margin of 16.82%.The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 EPS.

WFC has been the subject of a number of other reports. Truist Financial lifted their target price on Wells Fargo & Company from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Cowen reaffirmed a “hold” rating on shares of Wells Fargo & Company in a research report on Wednesday, July 16th. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group decreased their target price on Wells Fargo & Company from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Finally, Citigroup raised their price objective on Wells Fargo & Company from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Hold” and a consensus price target of $85.41.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $81.09 on Tuesday. The stock’s 50-day simple moving average is $80.69 and its 200 day simple moving average is $76.42. The firm has a market capitalization of $259.75 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.24 and a beta of 1.25. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. Wells Fargo & Company has a twelve month low of $57.07 and a twelve month high of $86.65.

Institutional Trading of Wells Fargo & Company

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Access Investment Management LLC purchased a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at $25,000. McElhenny Sheffield Capital Management LLC purchased a new position in Wells Fargo & Company in the 2nd quarter worth $27,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Wells Fargo & Company by 585.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider’s stock valued at $27,000 after buying an additional 322 shares during the last quarter. Kilter Group LLC purchased a new position in shares of Wells Fargo & Company during the 2nd quarter valued at about $31,000. Finally, Accent Capital Management LLC purchased a new position in shares of Wells Fargo & Company in the 1st quarter valued at about $29,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 8th were paid a dividend of $0.45 per share. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, August 8th. Wells Fargo & Company’s payout ratio is currently 30.82%.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.