BerganKDV Wealth Management LLC Has $3.18 Million Position in Wells Fargo & Company (NYSE:WFC)

BerganKDV Wealth Management LLC increased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,182 shares of the financial services provider’s stock after acquiring an additional 291 shares during the period. BerganKDV Wealth Management LLC’s holdings in Wells Fargo & Company were worth $3,179,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Holderness Investments Co. lifted its stake in Wells Fargo & Company by 0.8% in the second quarter. Holderness Investments Co. now owns 26,077 shares of the financial services provider’s stock valued at $1,181,000 after acquiring an additional 215 shares during the last quarter. Jacobi Capital Management LLC lifted its stake in Wells Fargo & Company by 1.4% in the first quarter. Jacobi Capital Management LLC now owns 16,679 shares of the financial services provider’s stock valued at $652,000 after acquiring an additional 236 shares during the last quarter. Usca Ria LLC raised its position in shares of Wells Fargo & Company by 0.4% in the second quarter. Usca Ria LLC now owns 67,013 shares of the financial services provider’s stock valued at $3,035,000 after purchasing an additional 242 shares during the period. One Capital Management LLC raised its position in shares of Wells Fargo & Company by 0.6% in the first quarter. One Capital Management LLC now owns 38,403 shares of the financial services provider’s stock valued at $1,500,000 after purchasing an additional 245 shares during the period. Finally, Sargent Bickham Lagudis LLC raised its position in shares of Wells Fargo & Company by 12.2% in the second quarter. Sargent Bickham Lagudis LLC now owns 2,511 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 70.82% of the company’s stock.

Shares of WFC traded up $0.56 during mid-day trading on Wednesday, reaching $46.61. The company had a trading volume of 797,397 shares, compared to its average volume of 30,603,697. The company’s 50 day simple moving average is $46.23 and its 200 day simple moving average is $44.24. Wells Fargo & Company has a 1-year low of $20.76 and a 1-year high of $51.41. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.83. The company has a market capitalization of $191.40 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.99 and a beta of 1.36.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Tuesday, July 13th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.40. Wells Fargo & Company had a net margin of 19.79% and a return on equity of 9.85%. The company had revenue of $20.27 billion for the quarter, compared to the consensus estimate of $17.69 billion. During the same period last year, the company posted ($0.66) EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts forecast that Wells Fargo & Company will post 4.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Friday, August 6th were paid a $0.20 dividend. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.10. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, August 5th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 145.45%.

Several equities analysts have recently weighed in on WFC shares. Royal Bank of Canada increased their price objective on shares of Wells Fargo & Company from $40.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 7th. Barclays increased their price objective on shares of Wells Fargo & Company from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, July 15th. Bank of America raised shares of Wells Fargo & Company from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Friday, June 4th. Odeon Capital Group lowered shares of Wells Fargo & Company from a “buy” rating to a “hold” rating in a research report on Monday, July 19th. Finally, UBS Group reaffirmed a “neutral” rating and set a $47.00 price target (up from $40.00) on shares of Wells Fargo & Company in a research report on Tuesday, May 25th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $47.52.

Wells Fargo & Company Profile

Wells Fargo & Co is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other.

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

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