Wells Fargo & Company (NYSE:WFC) Shares Bought by Great Waters Wealth Management

Great Waters Wealth Management raised its position in Wells Fargo & Company (NYSE:WFC) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,839 shares of the financial services provider’s stock after purchasing an additional 187 shares during the period. Great Waters Wealth Management’s holdings in Wells Fargo & Company were worth $386,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WFC. Eclectic Associates Inc. ADV boosted its stake in shares of Wells Fargo & Company by 1.2% during the third quarter. Eclectic Associates Inc. ADV now owns 15,452 shares of the financial services provider’s stock valued at $873,000 after acquiring an additional 178 shares during the last quarter. Eldred Rock Partners LLC boosted its stake in shares of Wells Fargo & Company by 4.0% during the third quarter. Eldred Rock Partners LLC now owns 151,441 shares of the financial services provider’s stock valued at $8,555,000 after acquiring an additional 5,806 shares during the last quarter. Allied Investment Advisors LLC boosted its stake in shares of Wells Fargo & Company by 0.8% during the third quarter. Allied Investment Advisors LLC now owns 205,941 shares of the financial services provider’s stock valued at $11,634,000 after acquiring an additional 1,694 shares during the last quarter. Duncan Williams Asset Management LLC acquired a new stake in shares of Wells Fargo & Company during the third quarter valued at $338,000. Finally, Apella Capital LLC boosted its stake in shares of Wells Fargo & Company by 11.3% during the third quarter. Apella Capital LLC now owns 27,560 shares of the financial services provider’s stock valued at $1,524,000 after acquiring an additional 2,805 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WFC. Morgan Stanley decreased their price objective on Wells Fargo & Company from $68.00 to $67.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. Jefferies Financial Group downgraded Wells Fargo & Company to a “hold” rating and reduced their target price for the stock from $62.00 to $59.00 in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upgraded Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, September 3rd. The Goldman Sachs Group reduced their target price on Wells Fargo & Company from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Keefe, Bruyette & Woods reduced their target price on Wells Fargo & Company from $62.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, July 15th. Twelve equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Wells Fargo & Company has an average rating of “Hold” and an average price target of $60.41.

Wells Fargo & Company Stock Up 3.6 %

Shares of NYSE:WFC traded up $1.98 during mid-day trading on Friday, hitting $56.96. 14,594,449 shares of the company traded hands, compared to its average volume of 18,007,127. The firm has a market cap of $198.58 billion, a P/E ratio of 11.70, a PEG ratio of 1.32 and a beta of 1.16. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.85 and a current ratio of 0.86. Wells Fargo & Company has a 52-week low of $38.58 and a 52-week high of $62.55. The firm’s 50 day simple moving average is $55.36 and its 200 day simple moving average is $57.75.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Friday, July 12th. The financial services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.29 by $0.04. The business had revenue of $20.69 billion for the quarter, compared to the consensus estimate of $20.29 billion. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.17%. The company’s revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. On average, equities analysts anticipate that Wells Fargo & Company will post 5.14 EPS for the current year.

Wells Fargo & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Friday, August 9th were given a $0.40 dividend. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, August 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.81%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 32.85%.

Wells Fargo & Company Company Profile

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.