Capital Analysts LLC continued to hold its stake in Wells Fargo & Company (NYSE:WFC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,651 shares of the financial services provider’s stock at the close of the 2nd quarter. Capital Analysts LLC’s holdings in Wells Fargo & were worth $424,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of WFC. Delphi Private Advisors LLC grew its position in shares of Wells Fargo & by 262.8% during the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,461 shares during the period. Brick & Kyle Associates grew its position in shares of Wells Fargo & by 9.5% during the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 162 shares during the period. Stelac Advisory Services LLC bought a new position in shares of Wells Fargo & during the 2nd quarter valued at approximately $104,000. Clear Investment Research LLC bought a new position in shares of Wells Fargo & during the 2nd quarter valued at approximately $121,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Wells Fargo & during the 1st quarter valued at approximately $124,000. 74.88% of the stock is owned by institutional investors and hedge funds.
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WFC has been the subject of a number of research reports. Vetr downgraded shares of Wells Fargo & from a “hold” rating to a “sell” rating and set a $54.49 target price for the company. in a research report on Thursday, November 2nd. UBS AG reissued a “neutral” rating and set a $56.00 target price (down from $59.00) on shares of Wells Fargo & in a research report on Friday, September 15th. Zacks Investment Research raised shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Piper Jaffray Companies reissued a “neutral” rating and set a $50.00 target price (down from $52.00) on shares of Wells Fargo & in a research report on Wednesday, September 13th. Finally, Robert W. Baird reissued a “buy” rating and set a $58.00 target price on shares of Wells Fargo & in a research report on Tuesday, September 5th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $57.20.
Wells Fargo & Company (NYSE WFC) opened at $54.52 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Wells Fargo & Company has a twelve month low of $49.27 and a twelve month high of $59.99. The company has a market cap of $268,670.00, a price-to-earnings ratio of 13.08, a P/E/G ratio of 1.30 and a beta of 0.97.
Wells Fargo & (NYSE:WFC) last released its earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.20). Wells Fargo & had a net margin of 22.00% and a return on equity of 12.59%. The business had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same period in the prior year, the business posted $1.03 EPS. Wells Fargo &’s revenue for the quarter was down 1.8% on a year-over-year basis. research analysts forecast that Wells Fargo & Company will post 3.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, November 2nd. Wells Fargo &’s dividend payout ratio is currently 40.31%.
About Wells Fargo &
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.
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