Wells Fargo & Company (NYSE:WFC) Shares Sold by Country Club Bank GFN

Country Club Bank GFN reduced its holdings in Wells Fargo & Company (NYSE:WFC) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,026 shares of the financial services provider’s stock after selling 297 shares during the quarter. Country Club Bank GFN’s holdings in Wells Fargo & Company were worth $1,684,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WFC. Fortis Group Advisors LLC bought a new stake in shares of Wells Fargo & Company during the 3rd quarter worth $25,000. Studio Investment Management LLC bought a new stake in shares of Wells Fargo & Company during the 4th quarter worth $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Wells Fargo & Company during the 1st quarter worth $28,000. Baystate Wealth Management LLC boosted its stake in shares of Wells Fargo & Company by 53.0% during the 3rd quarter. Baystate Wealth Management LLC now owns 803 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 278 shares in the last quarter. Finally, Impact Partnership Wealth LLC bought a new stake in shares of Wells Fargo & Company during the 3rd quarter worth $34,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Trading Down 0.6 %

WFC stock traded down $0.37 during midday trading on Tuesday, hitting $57.24. The stock had a trading volume of 5,144,477 shares, compared to its average volume of 18,793,102. The business has a fifty day moving average price of $53.61 and a two-hundred day moving average price of $47.37. Wells Fargo & Company has a 1-year low of $36.27 and a 1-year high of $58.44. The firm has a market cap of $202.65 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 1.20 and a beta of 1.19. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.24.

Wells Fargo & Company (NYSE:WFCGet Free Report) last posted its earnings results on Friday, January 12th. The financial services provider reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.30). Wells Fargo & Company had a return on equity of 12.40% and a net margin of 16.60%. The business had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.30 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The company’s revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts predict that Wells Fargo & Company will post 4.72 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 2nd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 1st. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.05%.

Analyst Ratings Changes

Several analysts have recently commented on WFC shares. Raymond James raised their target price on Wells Fargo & Company from $55.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 16th. The Goldman Sachs Group lifted their price objective on Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer reissued a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, March 19th. Evercore ISI raised their target price on Wells Fargo & Company from $58.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Barclays raised their target price on Wells Fargo & Company from $54.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wells Fargo & Company currently has an average rating of “Hold” and a consensus target price of $56.68.

Check Out Our Latest Research Report on Wells Fargo & Company

Wells Fargo & Company Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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