2 weeks Ago By ABMN Staff
Silver Lake Advisory LLC acquired a new position in shares of Wells Fargo & Company ( NYSE:WFC ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,196 shares of the financial services provider’s stock, valued at approximately $487,000. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WFC.
Magnolia Capital Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the 2nd quarter worth approximately $343,000. Aviso Wealth Management boosted its stake in Wells Fargo & Company by 4.3% in the second quarter.
Aviso Wealth Management now owns 11,227 shares of the financial services provider’s stock valued at $667,000 after acquiring an additional 459 shares during the last quarter. Annandale Capital LLC grew its holdings in Wells Fargo & Company by 1.2% during the 2nd quarter.
Annandale Capital LLC now owns 19,142 shares of the financial services provider’s stock worth $1,137,000 after acquiring an additional 234 shares during the period. Ascent Group LLC raised its position in shares of Wells Fargo & Company by 9.4% during the 2nd quarter.
Ascent Group LLC now owns 38,934 shares of the financial services provider’s stock valued at $2,312,000 after acquiring an additional 3,347 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in shares of Wells Fargo & Company by 7.5% in the 2nd quarter.
Kathmere Capital Management LLC now owns 8,508 shares of the financial services provider’s stock valued at $505,000 after purchasing an additional 592 shares during the period. 75.90% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, September 3rd.
Keefe, Bruyette & Woods decreased their target price on Wells Fargo & Company from $62.00 to $61.00 and set a “market perform” rating for the company in a research report on Monday, July 15th.
Evercore ISI cut their price target on shares of Wells Fargo & Company from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, September 6th.
BMO Capital Markets boosted their price objective on shares of Wells Fargo & Company from $55.00 to $57.00 and gave the company a “market perform” rating in a report on Thursday, July 11th.
Finally, Jefferies Financial Group lowered shares of Wells Fargo & Company to a “hold” rating and cut their target price for the stock from $62.00 to $59.00 in a report on Friday, August 16th.
Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Wells Fargo & Company presently has a consensus rating of “Hold” and an average price target of $60.29.
Wells Fargo & Company Trading Down 0.9 % NYSE WFC opened at $55.90 on Monday.
Wells Fargo & Company has a 52 week low of $38.38 and a 52 week high of $62.55.
The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.85 and a current ratio of 0.
86. The stock’s 50 day moving average price is $55.74 and its two-hundred day moving average price is $57.
81. The stock has a market capitalization of $194.89 billion, a price-to-earnings ratio of 11.
48, a PEG ratio of 1.32 and a beta of 1.16.
Wells Fargo & Company ( NYSE:WFC – Get Free Report ) last announced its earnings results on Friday, July 12th. The financial services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.
29 by $0.04. The business had revenue of $20.
69 billion during the quarter, compared to analysts’ expectations of $20.29 billion. Wells Fargo & Company had a net margin of 15.
17% and a return on equity of 12.30%. The firm’s revenue was up .
8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share.
As a group, analysts anticipate that Wells Fargo & Company will post 5.14 earnings per share for the current fiscal year. Wells Fargo & Company Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st.
Stockholders of record on Friday, August 9th were issued a $0.40 dividend. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.
35. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.
60 annualized dividend and a dividend yield of 2.86%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 32.
85%. About Wells Fargo & Company ( Free Report ) Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.
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