8,321 Shares in Wells Fargo & Company $WFC Bought by Stonebridge Financial Group LLC MO

Stonebridge Financial Group LLC MO acquired a new position in Wells Fargo & Company (NYSE:WFC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,321 shares of the financial services provider’s stock, valued at approximately $776,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the third quarter worth $27,000. Joseph Group Capital Management purchased a new stake in shares of Wells Fargo & Company in the fourth quarter worth $28,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the third quarter worth $30,000. Imprint Wealth LLC purchased a new stake in shares of Wells Fargo & Company in the third quarter worth $31,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Wells Fargo & Company in the third quarter worth $37,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Trending Headlines about Wells Fargo & Company

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Insider Activity at Wells Fargo & Company

In related news, EVP Bridget E. Engle sold 30,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the transaction, the executive vice president owned 83,478 shares of the company’s stock, valued at $7,270,933.80. This represents a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ellen R. Patterson sold 60,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the transaction, the executive vice president directly owned 169,496 shares in the company, valued at $14,813,950.40. This trade represents a 26.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,000 shares of company stock valued at $10,050,000 over the last 90 days. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on WFC. The Goldman Sachs Group lowered their price objective 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. TD Cowen lowered their price objective on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, January 15th. Jefferies Financial Group initiated coverage on Wells Fargo & Company in a research report on Thursday, March 26th. They issued a “buy” rating and a $100.00 price objective on the stock. Keefe, Bruyette & Woods reduced their target price on Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of Wells Fargo & Company in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and a consensus price target of $97.53.

Get Our Latest Stock Report on Wells Fargo & Company

Wells Fargo & Company Stock Up 2.1%

WFC opened at $75.16 on Wednesday. The stock has a market cap of $229.99 billion, a PE ratio of 11.60, a P/E/G ratio of 0.86 and a beta of 0.96. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. Wells Fargo & Company has a 52 week low of $71.89 and a 52 week high of $97.76. The business’s fifty day simple moving average is $79.87 and its 200 day simple moving average is $85.89.

Wells Fargo & Company (NYSE:WFCGet Free Report) last released its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The business had revenue of $11.62 billion for the quarter, compared to analysts’ expectations of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. As a group, research analysts expect that Wells Fargo & Company will post 6.82 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 8th. Wells Fargo & Company’s dividend payout ratio is currently 27.78%.

About Wells Fargo & Company

(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.

See Also

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

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