Callan Family Office LLC Buys 537 Shares of Wells Fargo & Company (NYSE:WFC)

Callan Family Office LLC raised its stake in Wells Fargo & Company (NYSE:WFC) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,002 shares of the financial services provider’s stock after purchasing an additional 537 shares during the period. Wells Fargo & Company makes up approximately 1.0% of Callan Family Office LLC’s holdings, making the stock its 22nd biggest position. Callan Family Office LLC’s holdings in Wells Fargo & Company were worth $5,464,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Slagle Financial LLC lifted its holdings in shares of Wells Fargo & Company by 97.3% during the 4th quarter. Slagle Financial LLC now owns 138,594 shares of the financial services provider’s stock worth $6,822,000 after acquiring an additional 68,356 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Wells Fargo & Company by 5.4% during the 1st quarter. Ballentine Partners LLC now owns 35,785 shares of the financial services provider’s stock worth $2,074,000 after acquiring an additional 1,835 shares during the period. Stonegate Investment Group LLC lifted its holdings in shares of Wells Fargo & Company by 5.2% during the 1st quarter. Stonegate Investment Group LLC now owns 38,925 shares of the financial services provider’s stock worth $2,256,000 after acquiring an additional 1,911 shares during the period. Wedmont Private Capital lifted its holdings in shares of Wells Fargo & Company by 16.4% during the 1st quarter. Wedmont Private Capital now owns 152,910 shares of the financial services provider’s stock worth $8,805,000 after acquiring an additional 21,496 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Wells Fargo & Company by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 41,268 shares of the financial services provider’s stock worth $2,031,000 after acquiring an additional 15,742 shares during the period. 75.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Wells Fargo & Company from $62.00 to $61.00 and set a “market perform” rating for the company in a research report on Monday, July 15th. Evercore ISI reiterated an “outperform” rating and set a $67.00 target price (down previously from $70.00) on shares of Wells Fargo & Company in a research report on Monday, July 15th. BMO Capital Markets increased their target price on shares of Wells Fargo & Company from $55.00 to $57.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Jefferies Financial Group cut shares of Wells Fargo & Company to a “hold” rating and dropped their target price for the stock from $62.00 to $59.00 in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Wells Fargo & Company from $59.00 to $61.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Thirteen investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.63.

Wells Fargo & Company Trading Up 0.1 %

Shares of NYSE WFC traded up $0.03 during mid-day trading on Monday, hitting $56.73. The company’s stock had a trading volume of 9,477,798 shares, compared to its average volume of 17,957,906. The stock has a market cap of $197.78 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.86 and a quick ratio of 0.85. Wells Fargo & Company has a one year low of $38.38 and a one year high of $62.55. The company’s fifty day simple moving average is $57.52 and its 200-day simple moving average is $57.53.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Friday, July 12th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. The company had revenue of $20.69 billion for the quarter, compared to analyst estimates of $20.29 billion. Wells Fargo & Company had a net margin of 15.17% and a return on equity of 12.30%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. On average, sell-side analysts anticipate that Wells Fargo & Company will post 5.14 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Friday, August 9th will be paid a dividend of $0.40 per share. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.60 annualized dividend and a yield of 2.82%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 32.85%.

Wells Fargo & Company Profile

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.