Wells Fargo & Company (NYSE:WFC) [Trend Analysis] hangs on to mix trends, as shares trade at $48.75 by inched up 0.76% with volume of 13.22 Million shares. Wells Fargo & Company (WFC) revealed that dividends on ten series of preferred stock. A quarterly cash dividend of $20.00 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share.
This dividend equals $0.50 per depositary share, each representing a 1/40th interest in a share of Series J preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrJ”. The Series J dividend is payable on June 15, 2016, to holders of record as of the close of business on May 31, 2016.
A quarterly cash dividend of $18.75 per share was declared on its 7.50% non-cumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol “WFCPrL”. The Series L dividend is payable on June 15, 2016, to holders of record as of the close of business on May 31, 2016.
For current month, 3 analyst from pool recommended for an “overweight” rating, while 17 gave rating of “Buy” and 8 analysts suggest to “Hold” and 5 gave preference to “underweight,” according to research rating by WSJ.
While alarming thing to be notice is price target, the average pool price target for WFC has been mentioned as; 64.00 tends to high price target, medium level touched to 56.00, and 44.00 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 55.07, where as the current price is 48.75, as per research conducted by WSJ.
As the revenues measures, firm has operation margin of 85.60% in the following twelve months with net profit margin of positive 41.90%. The Company showed a positive 41.90% in the net profit margin and in addition to in its operating margin which remained 85.60%. Company’s annual sales growth for the past five year was -1.40%.
Wells Fargo & Company (NYSE:WFC) presented weekly performance of 1.06% with respect to its rate of return and it remained -1.85% for the month. However, the performance for a quarter experienced change of -0.14% and its performance for a year is -10.43% and its year to date performance remained in red with -8.93%. The stock price volatility was 1.61% for a week and 1.33% for a month as well as price volatility’s Average True Range for 14 days was 0.78 and its beta remained 0.92.
Current stock price is in the upbeat territory taking into account of 20 days moving average with -1.07% and continued bullish run for 50 days moving average with -0.21%. Its earnings per share for the past twelve months were 0.60%. Company’s beta coefficient was at 0.92. Beta measures the amount of market risk associated with market trade.