First National Bank of Omaha Has $8.82 Million Stake in Wells Fargo & Company $WFC

First National Bank of Omaha raised its position in Wells Fargo & Company (NYSE:WFC) by 25.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 94,411 shares of the financial services provider’s stock after purchasing an additional 19,105 shares during the period. First National Bank of Omaha’s holdings in Wells Fargo & Company were worth $8,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WFC. Norges Bank acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $4,512,563,000. Capital Research Global Investors increased its position in shares of Wells Fargo & Company by 18.6% in the third quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock valued at $2,989,104,000 after acquiring an additional 5,584,930 shares during the last quarter. Mawer Investment Management Ltd. increased its position in shares of Wells Fargo & Company by 177.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 4,876,127 shares of the financial services provider’s stock valued at $454,455,000 after acquiring an additional 3,120,399 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Wells Fargo & Company in the third quarter valued at about $215,638,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Wells Fargo & Company by 13.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock valued at $1,922,257,000 after acquiring an additional 2,369,260 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Trading Up 1.5%

Wells Fargo & Company stock opened at $83.67 on Friday. Wells Fargo & Company has a 52 week low of $71.93 and a 52 week high of $97.76. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $256.05 billion, a P/E ratio of 12.91, a PEG ratio of 0.97 and a beta of 0.93. The stock has a 50-day simple moving average of $79.56 and a 200 day simple moving average of $84.66.

Wells Fargo & Company (NYSE:WFCGet Free Report) last posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The business had revenue of $11.62 billion during the quarter, compared to analysts’ expectations of $21.85 billion. During the same quarter last year, the company posted $1.39 earnings per share. Wells Fargo & Company’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts expect that Wells Fargo & Company will post 6.84 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 27.78%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WFC. Wall Street Zen downgraded Wells Fargo & Company from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Phillip Securities raised Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Robert W. Baird raised Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 target price on the stock in a research report on Friday, February 13th. The Goldman Sachs Group lowered their target price on Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Finally, Evercore reaffirmed an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus target price of $97.53.

Check Out Our Latest Research Report on Wells Fargo & Company

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Wells Fargo & Company Profile

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Further Reading

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

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