Wells Fargo & Company $WFC Shares Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC lifted its holdings in Wells Fargo & Company (NYSE:WFC) by 124.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 34,150 shares of the financial services provider’s stock after purchasing an additional 18,956 shares during the period. Signal Advisors Wealth LLC’s holdings in Wells Fargo & Company were worth $2,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WFC. Essex Bank boosted its position in Wells Fargo & Company by 0.8% during the first quarter. Essex Bank now owns 16,173 shares of the financial services provider’s stock worth $1,288,000 after acquiring an additional 125 shares during the last quarter. Anchyra Partners LLC raised its holdings in Wells Fargo & Company by 2.4% in the 1st quarter. Anchyra Partners LLC now owns 13,649 shares of the financial services provider’s stock valued at $1,087,000 after acquiring an additional 316 shares during the last quarter. Novare Capital Management LLC lifted its stake in Wells Fargo & Company by 33.5% in the 1st quarter. Novare Capital Management LLC now owns 8,644 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 2,170 shares in the last quarter. Summit Wealth Partners LLC lifted its stake in Wells Fargo & Company by 226.9% in the 1st quarter. Summit Wealth Partners LLC now owns 7,093 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 4,923 shares in the last quarter. Finally, LMG Wealth Partners LLC boosted its holdings in shares of Wells Fargo & Company by 4.0% during the 1st quarter. LMG Wealth Partners LLC now owns 49,493 shares of the financial services provider’s stock worth $3,940,000 after purchasing an additional 1,902 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Trading Up 2.1%

Shares of NYSE WFC opened at $83.94 on Tuesday. Wells Fargo & Company has a twelve month low of $72.78 and a twelve month high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $79.66 and a 200-day simple moving average of $84.57. The stock has a market capitalization of $256.89 billion, a PE ratio of 12.95, a PEG ratio of 0.96 and a beta of 0.93.

Wells Fargo & Company (NYSE:WFCGet Free Report) last posted its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.02. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same quarter in the previous year, the business earned $1.39 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Wells Fargo & Company will post 6.86 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. Wells Fargo & Company’s dividend payout ratio is 27.78%.

Wall Street Analysts Forecast Growth

WFC has been the subject of several recent research reports. HSBC raised Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Wednesday, April 1st. Morgan Stanley reduced their price target on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. The Goldman Sachs Group decreased their price objective on Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Truist Financial cut their target price on Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Finally, Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.24.

View Our Latest Stock Report on WFC

Key Stories Impacting Wells Fargo & Company

Here are the key news stories impacting Wells Fargo & Company this week:

About Wells Fargo & Company

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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