Wells Fargo & Company $WFC Shares Bought by Stephens Inc. AR

Stephens Inc. AR grew its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,836 shares of the financial services provider’s stock after purchasing an additional 2,224 shares during the period. Stephens Inc. AR’s holdings in Wells Fargo & Company were worth $6,877,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. LMG Wealth Partners LLC increased its holdings in shares of Wells Fargo & Company by 346.9% during the second quarter. LMG Wealth Partners LLC now owns 47,460 shares of the financial services provider’s stock valued at $3,802,000 after purchasing an additional 36,840 shares during the period. Northeast Investment Management increased its holdings in shares of Wells Fargo & Company by 41.6% during the second quarter. Northeast Investment Management now owns 11,918 shares of the financial services provider’s stock valued at $955,000 after purchasing an additional 3,500 shares during the period. Calamos Wealth Management LLC grew its holdings in Wells Fargo & Company by 3.1% during the second quarter. Calamos Wealth Management LLC now owns 204,322 shares of the financial services provider’s stock worth $16,370,000 after acquiring an additional 6,210 shares during the period. Forvis Mazars Wealth Advisors LLC grew its holdings in Wells Fargo & Company by 5.8% during the second quarter. Forvis Mazars Wealth Advisors LLC now owns 13,736 shares of the financial services provider’s stock worth $1,101,000 after acquiring an additional 758 shares during the period. Finally, Crux Wealth Advisors grew its holdings in Wells Fargo & Company by 42.2% during the second quarter. Crux Wealth Advisors now owns 22,691 shares of the financial services provider’s stock worth $1,818,000 after acquiring an additional 6,737 shares during the period. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Trading Up 3.2%

Shares of WFC opened at $85.97 on Tuesday. The business’s 50-day moving average price is $81.38 and its 200 day moving average price is $77.19. The stock has a market capitalization of $275.39 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.15 and a beta of 1.25. Wells Fargo & Company has a 1-year low of $58.42 and a 1-year 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.

Wells Fargo & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Friday, August 8th were paid a dividend of $0.45 per share. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.80 annualized dividend and a yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.61%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Dbs Bank raised Wells Fargo & Company from a “hold” rating to a “moderate buy” rating in a report on Thursday, July 17th. TD Cowen lifted their target price on Wells Fargo & Company from $90.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. The Goldman Sachs Group lowered their target price on Wells Fargo & Company from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, July 16th. Barclays lifted their target price on Wells Fargo & Company from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.57.

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.