Wells Fargo & Company (NYSE:WFC) Position Raised by Robinson Value Management Ltd.

Robinson Value Management Ltd. boosted its holdings in Wells Fargo & Company (NYSE:WFC) by 0.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,372 shares of the financial services provider’s stock after purchasing an additional 303 shares during the quarter. Wells Fargo & Company comprises 3.7% of Robinson Value Management Ltd.’s portfolio, making the stock its 5th largest position. Robinson Value Management Ltd.’s holdings in Wells Fargo & Company were worth $5,727,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vest Financial LLC raised its position in Wells Fargo & Company by 197.2% in the third quarter. Vest Financial LLC now owns 14,793 shares of the financial services provider’s stock worth $836,000 after acquiring an additional 9,816 shares during the period. West Branch Capital LLC increased its holdings in Wells Fargo & Company by 8.4% in the 3rd quarter. West Branch Capital LLC now owns 11,208 shares of the financial services provider’s stock valued at $633,000 after acquiring an additional 868 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI grew its stake in shares of Wells Fargo & Company by 2.4% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 366,327 shares of the financial services provider’s stock worth $20,694,000 after buying an additional 8,464 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Wells Fargo & Company by 5.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,486 shares of the financial services provider’s stock worth $479,000 after buying an additional 426 shares in the last quarter. Finally, Revolve Wealth Partners LLC boosted its stake in shares of Wells Fargo & Company by 7.4% during the 3rd quarter. Revolve Wealth Partners LLC now owns 4,391 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 302 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WFC shares. Phillip Securities raised shares of Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and lifted their price target for the stock from $60.83 to $65.00 in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, September 3rd. Morgan Stanley reduced their price objective on shares of Wells Fargo & Company from $68.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, September 30th. BMO Capital Markets boosted their price objective on shares of Wells Fargo & Company from $55.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Jefferies Financial Group downgraded 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. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wells Fargo & Company presently has an average rating of “Hold” and a consensus price target of $61.82.

Insiders Place Their Bets

In other news, EVP Ather Williams III sold 60,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $63.70, for a total value of $3,822,000.00. Following the completion of the sale, the executive vice president now directly owns 163,610 shares in the company, valued at approximately $10,421,957. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Ather Williams III sold 60,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $63.70, for a total value of $3,822,000.00. Following the sale, the executive vice president now owns 163,610 shares of the company’s stock, valued at approximately $10,421,957. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beurden Saul Van sold 35,000 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $61.99, for a total transaction of $2,169,650.00. Following the sale, the executive vice president now directly owns 126,687 shares in the company, valued at approximately $7,853,327.13. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Wells Fargo & Company Stock Down 0.0 %

Wells Fargo & Company stock traded down $0.03 during trading on Monday, reaching $64.33. 4,702,255 shares of the company’s stock were exchanged, compared to its average volume of 18,003,518. The company’s 50-day moving average is $56.50 and its two-hundred day moving average is $58.00. Wells Fargo & Company has a 52-week low of $38.58 and a 52-week high of $64.78. The firm has a market cap of $224.27 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.46 and a beta of 1.16. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.85 and a current ratio of 0.86.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.14. Wells Fargo & Company had a net margin of 15.17% and a return on equity of 12.30%. The firm had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the firm posted $1.39 EPS. Wells Fargo & Company’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, analysts predict that Wells Fargo & Company will post 5.12 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Friday, August 9th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.49%. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, August 9th. Wells Fargo & Company’s payout ratio is currently 32.85%.

Wells Fargo & Company 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.