DecisionMap Wealth Management LLC Purchases Shares of 3,742 Wells Fargo & Company $WFC

DecisionMap Wealth Management LLC acquired a new position in shares of Wells Fargo & Company (NYSE:WFC) during the second quarter, HoldingsChannel reports. The institutional investor acquired 3,742 shares of the financial services provider’s stock, valued at approximately $300,000.

Several other institutional investors have also modified their holdings of the stock. CBIZ Investment Advisory Services LLC raised its stake in Wells Fargo & Company by 585.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 322 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in Wells Fargo & Company in the second quarter valued at $27,000. Motco grew its holdings in shares of Wells Fargo & Company by 397.6% during the first quarter. Motco now owns 408 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 326 shares during the last quarter. Accent Capital Management LLC purchased a new position in shares of Wells Fargo & Company during the first quarter worth about $29,000. Finally, 1248 Management LLC acquired a new stake in shares of Wells Fargo & Company during the first quarter worth about $31,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analyst Ratings Changes

WFC has been the subject of a number of research analyst reports. Cowen reissued a “hold” rating on shares of Wells Fargo & Company in a research report on Wednesday, October 15th. Citigroup boosted their price objective on Wells Fargo & Company from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Cfra Research raised Wells Fargo & Company to a “moderate buy” rating in a report on Wednesday, October 15th. Morgan Stanley raised their target price on shares of Wells Fargo & Company from $95.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Finally, Barclays lifted their target price on shares of Wells Fargo & Company from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.57.

Wells Fargo & Company Trading Up 3.2%

NYSE:WFC opened at $85.97 on Tuesday. Wells Fargo & Company has a 12-month low of $58.42 and a 12-month high of $87.47. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $81.38 and its 200-day simple moving average is $77.19. The firm has a market cap of $275.39 billion, a P/E ratio of 14.14, a PEG ratio of 1.15 and a beta of 1.25.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Friday, August 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, August 8th. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.40. Wells Fargo & Company’s payout ratio is currently 29.61%.

Wells Fargo & Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.