Intl Fcstone Inc. bought a new stake in shares of Wells Fargo & Company (NYSE:WFC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 45,069 shares of the financial services provider’s stock, valued at approximately $2,497,000. Wells Fargo & Company accounts for 0.8% of Intl Fcstone Inc.’s portfolio, making the stock its 19th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Delphi Private Advisors LLC boosted its stake in shares of Wells Fargo & Company by 262.8% in the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,461 shares during the period. Brick & Kyle Associates boosted its stake in shares of Wells Fargo & Company 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 during the period. Stelac Advisory Services LLC purchased a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $104,000. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Wells Fargo & Company by 0.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock valued at $106,000 after buying an additional 6 shares during the period. Finally, Clear Investment Research LLC purchased a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $121,000. Institutional investors own 75.77% of the company’s stock.

Several equities analysts have recently issued reports on the company. Goldman Sachs Group reissued a “buy” rating on shares of Wells Fargo & Company in a research report on Wednesday, October 11th. Vetr raised Wells Fargo & Company from a “sell” rating to a “hold” rating and set a $54.49 target price on the stock in a research report on Tuesday, October 24th. Vertical Group began coverage on Wells Fargo & Company in a research report on Friday, October 6th. They set a “sell” rating on the stock. Credit Suisse Group reissued a “hold” rating and set a $57.00 target price on shares of Wells Fargo & Company in a research report on Tuesday, October 10th. Finally, UBS set a $55.00 target price on Wells Fargo & Company and gave the stock a “hold” rating in a research report on Monday, October 16th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Wells Fargo & Company presently has an average rating of “Hold” and a consensus price target of $57.25.

Wells Fargo & Company (NYSE WFC) traded up $0.65 on Friday, reaching $59.87. The company’s stock had a trading volume of 36,467,323 shares, compared to its average volume of 20,802,504. The firm has a market capitalization of $291,614.72, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 1.42 and a beta of 0.96. Wells Fargo & Company has a 52 week low of $49.27 and a 52 week high of $60.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.20). The firm had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.30 billion. Wells Fargo & Company had a return on equity of 12.59% and a net margin of 22.00%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. sell-side analysts predict that Wells Fargo & Company will post 3.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.61%. The ex-dividend date was Thursday, November 2nd. Wells Fargo & Company’s dividend payout ratio (DPR) is 40.31%.

In other Wells Fargo & Company news, insider Michael J. Loughlin sold 17,482 shares of Wells Fargo & Company stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $57.80, for a total transaction of $1,010,459.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Richard Levy sold 97,000 shares of Wells Fargo & Company stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total value of $5,477,590.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,482 shares of company stock worth $10,471,050. 0.22% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Intl Fcstone Inc. Takes Position in Wells Fargo & Company (WFC)” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/16/intl-fcstone-inc-takes-position-in-wells-fargo-company-wfc.html.

About Wells Fargo & Company

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.

Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

Receive News & Stock Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related stocks with our FREE daily email newsletter.