One Wealth Advisors LLC lifted its place in shares of Wells Fargo & Firm (NYSE:WFC – Get Ranking) by 25.4% within the third quarter, based on the corporate in its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The institutional investor owned 14,191 shares of the monetary providers supplier’s inventory after shopping for a further 2,875 shares through the quarter. One Wealth Advisors LLC’s holdings in Wells Fargo & Firm had been value $571,000 on the finish of the latest quarter.
→ How the Extremely Wealthy Choose Their Shares (From Vantage Level)
Different institutional traders have additionally lately purchased and offered shares of the corporate. Truvestments Capital LLC purchased a brand new stake in Wells Fargo & Firm through the second quarter valued at $26,000. Monetary Administration Professionals Inc. lifted its stake in Wells Fargo & Firm by 66.6% through the third quarter. Monetary Administration Professionals Inc. now owns 688 shares of the monetary providers supplier’s inventory valued at $28,000 after shopping for a further 275 shares within the final quarter. Tortoise Funding Administration LLC elevated its holdings in shares of Wells Fargo & Firm by 100.0% within the 2nd quarter. Tortoise Funding Administration LLC now owns 800 shares of the monetary providers supplier’s inventory valued at $31,000 after buying a further 400 shares through the interval. Orion Capital Administration LLC elevated its holdings in Wells Fargo & Firm by 125.0% within the third quarter. Orion Capital Administration LLC now owns 900 shares of the monetary providers supplier’s inventory value $36,000 after shopping for a further 500 shares over the past quarter. Lastly, Price Asset Administration LLC purchased a brand new stake in Wells Fargo & Firm through the first quarter value roughly $40,000. 72.24% of the inventory is at present owned by hedge funds and different institutional traders.
Wells Fargo & Firm Inventory Up 0.1 %
Shares of WFC traded up $0.05 throughout mid-day buying and selling on Friday, reaching $46.30. The corporate had a buying and selling quantity of seven,133,129 shares, in comparison with its common quantity of 18,096,109. The agency has a 50-day shifting common worth of $44.46 and a 200 day shifting common worth of $44.41. The corporate has a debt-to-equity ratio of 1.08, a fast ratio of 0.84 and a present ratio of 0.84. Wells Fargo & Firm has a 52 week low of $36.54 and a 52 week excessive of $54.44. The corporate has a market capitalization of $175.66 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.94 and a beta of 1.19.
Wells Fargo & Firm (NYSE:WFC – Get Ranking) final introduced its earnings outcomes on Friday, January thirteenth. The monetary providers supplier reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Wells Fargo & Firm had a return on fairness of 9.28% and a web margin of 15.91%. The corporate had income of $19.66 billion for the quarter, in comparison with analysts’ expectations of $20.04 billion. Throughout the identical interval final 12 months, the agency earned $1.38 EPS. Wells Fargo & Firm’s income for the quarter was down 5.7% in comparison with the identical quarter final 12 months. On common, sell-side analysts forecast that Wells Fargo & Firm will publish 4.81 EPS for the present 12 months.
Wells Fargo & Firm Dividend Announcement
The enterprise additionally lately declared a quarterly dividend, which will probably be paid on Wednesday, March 1st. Buyers of document on Friday, February third will probably be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 2nd. This represents a $1.20 annualized dividend and a yield of two.59%. Wells Fargo & Firm’s dividend payout ratio is at present 38.22%.
Wall Road Analyst Weigh In
A number of brokerages lately commented on WFC. Piper Sandler reduce Wells Fargo & Firm from an “chubby” ranking to a “impartial” ranking and decreased their goal worth for the inventory from $49.00 to $47.00 in a analysis report on Tuesday, January seventeenth. Citigroup raised their goal worth on Wells Fargo & Firm from $48.00 to $52.00 in a report on Tuesday, January seventeenth. Cfra upgraded Wells Fargo & Firm to a “purchase” ranking and set a $50.00 worth goal on the inventory in a report on Friday, January thirteenth. Morgan Stanley dropped their goal worth on Wells Fargo & Firm from $60.00 to $58.00 and set an “chubby” ranking on the inventory in a analysis report on Thursday, December fifteenth. Lastly, JPMorgan Chase & Co. boosted their worth goal on Wells Fargo & Firm from $46.50 to $49.50 in a analysis report on Wednesday, November 2nd. 5 analysts have rated the inventory with a maintain ranking and 9 have issued a purchase ranking to the inventory. In line with knowledge from MarketBeat, the inventory presently has a median ranking of “Average Purchase” and a median goal worth of $52.09.
Wells Fargo & Firm Profile
Wells Fargo & Co is a diversified, community-based monetary providers firm. It’s engaged within the provision of banking, insurance coverage, investments, mortgage services, and client and business finance. It operates by the next segments: Shopper Banking and Lending, Industrial Banking, Company and Funding Banking, and Wealth & Funding Administration.
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