Hudock Capital Group LLC Has $1.40 Million Stake in Wells Fargo & Company (WFC)
Hudock Capital Group LLC grew its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,262 shares of the financial services provider’s stock after purchasing an additional 30 shares during the period. Wells Fargo & makes up about 0.7% of Hudock Capital Group LLC’s portfolio, making the stock its 26th biggest holding. Hudock Capital Group LLC’s holdings in Wells Fargo & were worth $1,399,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Delphi Private Advisors LLC grew its position in shares of Wells Fargo & by 262.8% during the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,461 shares during the period. Brick & Kyle Associates lifted its stake in Wells Fargo & by 9.5% in the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after buying an additional 162 shares in the last quarter. Stelac Advisory Services LLC purchased a new position in Wells Fargo & in the 2nd quarter valued at about $104,000. Clear Investment Research LLC purchased a new position in Wells Fargo & in the 2nd quarter valued at about $121,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in Wells Fargo & in the 1st quarter valued at about $124,000. Hedge funds and other institutional investors own 74.88% of the company’s stock.
Wells Fargo & Company (WFC) opened at $54.15 on Monday. Wells Fargo & Company has a one year low of $49.27 and a one year high of $59.99. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The company has a market cap of $266,840.00, a price-to-earnings ratio of 13.08, a PEG ratio of 1.30 and a beta of 0.97.
Wells Fargo & (NYSE:WFC) last issued its earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.20). Wells Fargo & had a net margin of 22.00% and a return on equity of 12.59%. The business had revenue of $21.93 billion during the quarter, compared to analysts’ expectations of $22.30 billion. During the same period in the prior year, the business posted $1.03 EPS. The business’s revenue was down 1.8% on a year-over-year basis. sell-side analysts forecast that Wells Fargo & Company will post 3.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, November 2nd. Wells Fargo &’s payout ratio is 40.31%.
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A number of brokerages recently weighed in on WFC. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 price target on shares of Wells Fargo & in a research note on Wednesday, November 15th. Vetr lowered shares of Wells Fargo & from a “hold” rating to a “sell” rating and set a $53.07 target price on the stock. in a research note on Monday, October 2nd. Instinet reissued a “buy” rating and issued a $65.00 target price (up from $64.00) on shares of Wells Fargo & in a research note on Saturday, September 30th. Nomura lifted their price target on shares of Wells Fargo & from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, September 28th. Finally, BMO Capital Markets raised shares of Wells Fargo & from an “underperform” rating to a “market perform” rating and reduced their price target for the company from $50.00 to $47.00 in a research report on Monday, July 31st. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.20.
Wells Fargo & Company Profile
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.
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