One Wealth Advisors LLC raised its holdings in Wells Fargo & Company (NYSE:WFC – Free Report) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,213 shares of the financial services provider’s stock after buying an additional 329 shares during the period. One Wealth Advisors LLC’s holdings in Wells Fargo & Company were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Mattson Financial Services LLC bought a new position in shares of Wells Fargo & Company during the second quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Wells Fargo & Company during the second quarter valued at approximately $26,000. Valued Wealth Advisors LLC grew its stake in Wells Fargo & Company by 53.7% during the second quarter. Valued Wealth Advisors LLC now owns 630 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 220 shares in the last quarter. J.Safra Asset Management Corp grew its stake in Wells Fargo & Company by 704.3% during the first quarter. J.Safra Asset Management Corp now owns 740 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 648 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new position in Wells Fargo & Company during the second quarter valued at approximately $47,000. 75.90% of the stock is owned by institutional investors.
Insider Activity at Wells Fargo & Company
In other Wells Fargo & Company news, EVP Beurden Saul Van sold 35,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $61.99, for a total transaction of $2,169,650.00. Following the transaction, the executive vice president now owns 126,687 shares in the company, valued at approximately $7,853,327.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Beurden Saul Van sold 35,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $61.99, for a total value of $2,169,650.00. Following the transaction, the executive vice president now owns 126,687 shares in the company, valued at $7,853,327.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ather Williams III sold 60,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $63.70, for a total transaction of $3,822,000.00. Following the completion of the transaction, the executive vice president now owns 163,610 shares in the company, valued at $10,421,957. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Wells Fargo & Company
Wells Fargo & Company Trading Up 0.8 %
Wells Fargo & Company stock traded up $0.52 during mid-day trading on Thursday, reaching $64.41. 1,883,116 shares of the company traded hands, compared to its average volume of 17,997,947. The firm’s 50 day moving average price is $56.04 and its 200 day moving average price is $57.90. The firm has a market capitalization of $224.55 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 1.46 and a beta of 1.16. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.86 and a quick ratio of 0.85. Wells Fargo & Company has a 52-week low of $38.58 and a 52-week high of $64.49.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its earnings results on Friday, October 11th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. Wells Fargo & Company had a net margin of 15.17% and a return on equity of 12.30%. The firm had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the prior year, the firm earned $1.39 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, analysts anticipate that Wells Fargo & Company will post 5.12 earnings per share for the current fiscal year.
Wells Fargo & Company Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Friday, August 9th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.48%. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, August 9th. Wells Fargo & Company’s dividend payout ratio is 32.85%.
Wells Fargo & Company Company Profile
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.
Featured Stories
- Five stocks we like better than Wells Fargo & Company
- Dividend Payout Ratio Calculator
- Progressive Leads the Way as Analysts Bet Big on Insurance Stocks
- What Are the U.K. Market Holidays? How to Invest and Trade
- NuScale Rockets Higher on Amazon Deal: How High Can It Go?
- Are Penny Stocks a Good Fit for Your Portfolio?
- Why Micron Could Rally All The Way Through Q4
Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.