CreativeOne Wealth LLC Acquires 3,285 Shares of Wells Fargo & Company (NYSE:WFC)

CreativeOne Wealth LLC lifted its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 51.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,637 shares of the financial services provider’s stock after acquiring an additional 3,285 shares during the quarter. CreativeOne Wealth LLC’s holdings in Wells Fargo & Company were worth $544,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its stake in Wells Fargo & Company by 16.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 25,364 shares of the financial services provider’s stock valued at $1,506,000 after buying an additional 3,608 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Wells Fargo & Company during the second quarter worth approximately $89,000. Mather Group LLC. lifted its holdings in Wells Fargo & Company by 12.1% during the 2nd quarter. Mather Group LLC. now owns 18,743 shares of the financial services provider’s stock worth $1,086,000 after purchasing an additional 2,022 shares during the last quarter. Trust Co. of Vermont boosted its stake in Wells Fargo & Company by 3.5% in the 2nd quarter. Trust Co. of Vermont now owns 12,682 shares of the financial services provider’s stock valued at $753,000 after purchasing an additional 432 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in Wells Fargo & Company by 58.2% in the 2nd quarter. Park Avenue Securities LLC now owns 113,489 shares of the financial services provider’s stock valued at $6,740,000 after buying an additional 41,752 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Wells Fargo & Company

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

Wells Fargo & Company Stock Down 1.3 %

Shares of NYSE:WFC opened at $76.17 on Monday. Wells Fargo & Company has a 52-week low of $43.48 and a 52-week high of $78.13. The company has a market capitalization of $253.61 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day moving average of $65.48 and a 200-day moving average of $60.33.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Friday, October 11th. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.28 by $0.14. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The firm had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the company earned $1.39 earnings per share. The business’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities analysts predict that Wells Fargo & Company will post 5.42 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Friday, November 8th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Friday, November 8th. Wells Fargo & Company’s payout ratio is 33.26%.

Wall Street Analyst Weigh In

WFC has been the subject of a number of recent research reports. Morgan Stanley reduced their target price 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. The Goldman Sachs Group decreased their target price on shares of Wells Fargo & Company from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft upgraded Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Tuesday, September 3rd. Piper Sandler raised their price objective 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $61.00 target price on shares of Wells Fargo & Company in a research report on Monday, October 14th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.07.

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.