MUFG Securities EMEA plc Sells 2,491 Shares of Wells Fargo & Company (NYSE:WFC)

MUFG Securities EMEA plc reduced its stake in shares of Wells Fargo & Company (NYSE:WFC) by 48.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,630 shares of the financial services provider’s stock after selling 2,491 shares during the period. MUFG Securities EMEA plc’s holdings in Wells Fargo & Company were worth $129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of WFC. WealthPlan Investment Management LLC boosted its holdings in Wells Fargo & Company by 2,174.3% in the 3rd quarter. WealthPlan Investment Management LLC now owns 21,287 shares of the financial services provider’s stock worth $870,000 after buying an additional 20,351 shares during the period. Lincoln National Corp boosted its holdings in Wells Fargo & Company by 18.6% in the 3rd quarter. Lincoln National Corp now owns 43,786 shares of the financial services provider’s stock worth $1,789,000 after buying an additional 6,881 shares during the period. Wilbanks Smith & Thomas Asset Management LLC lifted its stake in Wells Fargo & Company by 18.2% in the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 15,767 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 2,432 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Wells Fargo & Company by 11.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 153,790 shares of the financial services provider’s stock worth $6,284,000 after purchasing an additional 15,862 shares in the last quarter. Finally, LGT Group Foundation lifted its stake in Wells Fargo & Company by 1.1% in the 3rd quarter. LGT Group Foundation now owns 53,345 shares of the financial services provider’s stock worth $2,113,000 after purchasing an additional 568 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Performance

Shares of WFC traded up $0.53 during mid-day trading on Friday, hitting $60.21. 9,913,040 shares of the company traded hands, compared to its average volume of 16,097,602. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a 50-day moving average price of $59.03 and a two-hundred day moving average price of $52.56. Wells Fargo & Company has a 1 year low of $38.38 and a 1 year high of $62.55. The stock has a market cap of $209.91 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 1.59 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFCGet Free Report) last announced its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. The company had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. Equities analysts anticipate that Wells Fargo & Company will post 5.08 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Friday, May 10th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, May 9th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.23%.

Analyst Ratings Changes

WFC has been the topic of several recent analyst reports. Citigroup reiterated a “neutral” rating and issued a $63.00 target price (up from $57.00) on shares of Wells Fargo & Company in a research note on Wednesday, March 20th. Jefferies Financial Group increased their target price on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the company a “hold” rating in a report on Monday, April 8th. Argus raised their price target on shares of Wells Fargo & Company from $57.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Morgan Stanley lifted their target price on shares of Wells Fargo & Company from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Oppenheimer reissued a “market perform” rating on shares of Wells Fargo & Company in a research report on Monday, April 15th. Fourteen analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $58.99.

Get Our Latest Stock Analysis on WFC

About Wells Fargo & Company

(Free Report)

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.

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

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