Wells Fargo & Company (NYSE:WFC) Shares Sold by Tradewinds LLC.

Tradewinds LLC. reduced its position in Wells Fargo & Company (NYSE:WFC) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,774 shares of the financial services provider’s stock after selling 303 shares during the quarter. Tradewinds LLC.’s holdings in Wells Fargo & Company were worth $496,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CreativeOne Wealth LLC increased its stake in Wells Fargo & Company by 96.7% in the first quarter. CreativeOne Wealth LLC now owns 9,278 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 4,560 shares during the period. Axxcess Wealth Management LLC increased its position in Wells Fargo & Company by 10.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 72,567 shares of the financial services provider’s stock valued at $4,206,000 after acquiring an additional 7,114 shares during the period. Advisors Asset Management Inc. raised its stake in Wells Fargo & Company by 8.9% during the 1st quarter. Advisors Asset Management Inc. now owns 41,715 shares of the financial services provider’s stock valued at $2,418,000 after acquiring an additional 3,418 shares during the last quarter. Capital International Inc. CA lifted its position in Wells Fargo & Company by 11.7% during the 1st quarter. Capital International Inc. CA now owns 241,502 shares of the financial services provider’s stock worth $13,997,000 after acquiring an additional 25,342 shares during the period. Finally, Capital International Sarl lifted its position in Wells Fargo & Company by 34.7% during the 1st quarter. Capital International Sarl now owns 54,824 shares of the financial services provider’s stock worth $3,178,000 after acquiring an additional 14,136 shares during the period. 75.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WFC. Piper Sandler upped their price target on Wells Fargo & Company from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Compass Point upped their price objective on shares of Wells Fargo & Company from $57.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 15th. Evercore ISI raised their target price on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $61.00 price target on shares of Wells Fargo & Company in a research note on Monday, October 14th. Finally, 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 report on Monday, September 30th. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.07.

Wells Fargo & Company Trading Up 0.2 %

NYSE:WFC opened at $73.58 on Thursday. Wells Fargo & Company has a 52-week low of $42.15 and a 52-week high of $74.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $62.35 and a 200-day simple moving average of $59.59. The company has a market capitalization of $244.98 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results 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. The firm had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.40 billion. Wells Fargo & Company had a net margin of 14.43% and a return on equity of 12.25%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $1.39 EPS. On average, equities research analysts expect that Wells Fargo & Company will post 5.42 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 8th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 8th. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. Wells Fargo & Company’s dividend payout ratio is currently 33.26%.

Insider Buying and Selling at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Ather Williams III sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $63.70, for a total transaction of $3,822,000.00. Following the sale, the executive vice president now directly owns 163,610 shares of the company’s stock, valued at $10,421,957. This trade represents a 26.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Beurden Saul Van sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $61.99, for a total transaction of $2,169,650.00. Following the completion of the transaction, the executive vice president now directly owns 126,687 shares of the company’s stock, valued at approximately $7,853,327.13. This represents a 21.65 % decrease in their position. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

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.