MUFG Securities EMEA plc Has $44.83 Million Stock Holdings in Wells Fargo & Company $WFC

MUFG Securities EMEA plc grew its position in Wells Fargo & Company (NYSE:WFC) by 587.0% during the 4th quarter, HoldingsChannel reports. The firm owned 480,976 shares of the financial services provider’s stock after purchasing an additional 410,960 shares during the quarter. MUFG Securities EMEA plc’s holdings in Wells Fargo & Company were worth $44,827,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WFC. Norges Bank acquired a new stake in Wells Fargo & Company in the fourth quarter worth $4,512,563,000. Capital Research Global Investors raised its holdings in Wells Fargo & Company by 18.6% in the third quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock worth $2,989,104,000 after purchasing an additional 5,584,930 shares during the period. Danske Bank A S acquired a new stake in Wells Fargo & Company in the third quarter worth $215,638,000. M&G PLC raised its holdings in Wells Fargo & Company by 320.3% in the third quarter. M&G PLC now owns 2,946,277 shares of the financial services provider’s stock worth $247,487,000 after purchasing an additional 2,245,307 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth $173,651,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WFC shares. Barclays dropped their price objective on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Wall Street Zen raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Keefe, Bruyette & Woods decreased their target price on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a research report on Wednesday, April 15th. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley decreased their target price on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Wells Fargo & Company currently has an average rating of “Moderate Buy” and an average price target of $97.53.

Get Our Latest Research Report on WFC

Wells Fargo & Company Stock Performance

Shares of WFC opened at $77.46 on Friday. The firm has a 50-day moving average of $79.06 and a 200-day moving average of $84.91. Wells Fargo & Company has a one year low of $71.93 and a one year high of $97.76. The company has a market cap of $237.05 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.91 and a beta of 0.96. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90.

Wells Fargo & Company (NYSE:WFCGet Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $21.85 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts forecast that Wells Fargo & Company will post 6.84 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, May 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is 27.78%.

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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