Wells Fargo ups sales practices settlement to $142 million

Wells Fargo ups its customer settlement to $142 million over fake accounts

Wells Fargo ups its customer settlement to $142 million over fake accounts

A number of other research firms have also commented on WEB. The prominent billionaire's conglomerate, Berkshire Hathaway Inc (BRKa.N), owns almost 10 percent of Wells Fargo and Buffett personally owns shares as well. Royal Bank of Canada reiterated a "buy" rating and set a $52.00 price target on shares of Wells Fargo & Co in a research report on Wednesday, January 11th. Deutsche Bank AG reissued a "buy" rating on shares of Wells Fargo & Co in a research note on Friday, December 23rd. SunTrust Banks, Inc. lowered shares of Web.com Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $15.55 to $15.00 in a research report on Friday, November 4th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of "Buy" and a consensus price target of $21.10.

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. The company has a market cap of $267.33 billion, a PE ratio of 13.38 and a beta of 0.98. The firm has a 50-day moving average of $19.85 and a 200-day moving average of $17.76. Wells Fargo & Co has a 52 week low of $43.55 and a 52 week high of $59.99. Looking at this figure it suggests that the shares of Wells Fargo & Company (WFC) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Wells Fargo & Company (WFC) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Traders purchased 41,049 call options on the stock.

Wells Fargo & Co (NYSE:WFC) opened at 53.50 on Wednesday. The financial services provider reported $1.00 EPS for the quarter, beating the Zacks' consensus estimate of $0.97 by $0.03. The business earned $22 billion during the quarter, compared to analyst estimates of $22.25 billion. The firm's revenue for the quarter was down.9% on a year-over-year basis. During the same period past year, the company earned $0.99 earnings per share. Wells Fargo & Co had a return on equity of 12.60% and a net margin of 23.30%. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & worldwide copyright and trademark legislation. The legal version of this news story can be read at [[permalink]].

Wells Fargo & Co (NYSE:WFC) last released its earnings results on Thursday, April 13th. The stock was purchased at an average cost of $51.65 per share, for a total transaction of $3,013,364.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The shares were sold at an average price of $18.29, for a total value of $182,900.00. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company's stock.

The number of shares now held by investors is 5 Billion. BLB&B Advisors LLC now owns 67,596 shares of the financial services provider's stock worth $2,993,000 after buying an additional 13,568 shares in the last quarter. Sharkey Howes & Javer raised its stake in Wells Fargo & Co by 0.7% in the third quarter. Trust Co. of Virginia VA boosted its position in shares of Wells Fargo & Co by 0.3% in the third quarter. Sharkey Howes & Javer now owns 5,959 shares of the financial services provider's stock valued at $264,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 73.25% of the company's stock.

Now the P/E of Wells Fargo & Company stands at 13.39. The Company operates through Web services and products segment.