On October 16, 2024, Ather Williams, Sr. Executive Vice President of Wells Fargo & Co (WFC, Financial), sold 60,000 shares of the company. The transaction was executed at a price of $63.7 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 163,609.8274 shares of Wells Fargo & Co.
Wells Fargo & Co operates as a diversified financial services company. It provides banking, investment, mortgage, and consumer and commercial finance products and services across various branches and online portals.
Over the past year, Ather Williams has engaged in multiple transactions involving the company's stock, selling a total of 60,000 shares and purchasing none. This recent sale aligns with a broader pattern observed within the company, where insider transactions over the past year have included 1 insider buy and 2 insider sells.
Shares of Wells Fargo & Co were trading at $63.7 on the day of the transaction, giving the company a market cap of approximately $217.47 billion. The price-earnings ratio of the stock stands at 13.28, which is above both the industry median of 10.605 and the historical median for the company.
According to the GF Value, the intrinsic value estimate for Wells Fargo & Co is $54.67 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.17.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider may provide investors with insights into the current valuation and future prospects of Wells Fargo & Co, as seen through the lens of a senior executive's trading activity.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
