Schwarz Dygos Wheeler Investment Advisors LLC Increases Position in Wells Fargo & Company $WFC

Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in Wells Fargo & Company (NYSE:WFC) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,121 shares of the financial services provider’s stock after acquiring an additional 1,250 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Wells Fargo & Company were worth $3,295,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Wells Fargo & Company by 2,735,254.3% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 949,769,723 shares of the financial services provider’s stock worth $76,095,550,000 after purchasing an additional 949,735,001 shares during the period. Dimensional Fund Advisors LP increased its holdings in Wells Fargo & Company by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 20,497,429 shares of the financial services provider’s stock valued at $1,471,259,000 after purchasing an additional 128,207 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of Wells Fargo & Company by 5.5% during the second quarter. Pzena Investment Management LLC now owns 10,371,812 shares of the financial services provider’s stock worth $830,990,000 after buying an additional 542,493 shares during the period. Boston Partners grew its stake in shares of Wells Fargo & Company by 6.2% in the first quarter. Boston Partners now owns 8,953,009 shares of the financial services provider’s stock valued at $640,616,000 after buying an additional 523,107 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Wells Fargo & Company by 2.3% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,508,567 shares of the financial services provider’s stock valued at $601,586,000 after acquiring an additional 172,250 shares during the period. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Company Stock Down 1.9%

WFC stock opened at $84.66 on Friday. Wells Fargo & Company has a one year low of $58.42 and a one year high of $88.64. The company has a fifty day moving average of $83.59 and a 200-day moving average of $79.75. The stock has a market capitalization of $265.75 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.22. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.84.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Tuesday, October 14th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.18. The company had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.11 billion. Wells Fargo & Company had a return on equity of 12.51% and a net margin of 17.18%.The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 EPS. As a group, analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, November 7th. Wells Fargo & Company’s payout ratio is presently 29.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “market perform” rating in a report on Wednesday, October 15th. Phillip Securities cut Wells Fargo & Company from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Barclays increased their price target on shares of Wells Fargo & Company from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings upgraded shares of Wells Fargo & Company from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, October 8th. Finally, Truist Financial raised their price target on Wells Fargo & Company from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.57.

About Wells Fargo & Company

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.