Oppenheimer Keeps a Hold Rating on Wells Fargo

By Austin Angelo

Oppenheimer analyst Chris Kotowski maintained a Hold rating on Wells Fargo (NYSE: WFC) today. The company’s shares opened today at $52.01, close to its 52-week low of $49.27.

According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 9.7% and a 63.6% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Apollo Global Management LLC.

Currently, the analyst consensus on Wells Fargo is Hold and the average price target is $63.82, representing a 22.7% upside.

In a report issued on April 4, KBW also reiterated a Hold rating on the stock with a $57 price target.

The company has a one-year high of $66.31 and a one-year low of $49.27. Currently, Wells Fargo has an average volume of 23.07M.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WFC in relation to earlier this year. Last month, Lloyd Dean, a Director at WFC bought 4,793 shares for a total of $274,687.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.