Dempze Nancy E Sells 200 Shares of Wells Fargo & Company $WFC

Dempze Nancy E decreased its stake in shares of Wells Fargo & Company (NYSE:WFC) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,500 shares of the financial services provider’s stock after selling 200 shares during the period. Dempze Nancy E’s holdings in Wells Fargo & Company were worth $361,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC lifted its position in Wells Fargo & Company by 585.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 322 shares during the period. Motco lifted its position in Wells Fargo & Company by 397.6% during the 1st quarter. Motco now owns 408 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 326 shares during the period. Accent Capital Management LLC purchased a new position in Wells Fargo & Company during the 1st quarter valued at about $29,000. 1248 Management LLC purchased a new position in Wells Fargo & Company during the 1st quarter valued at about $31,000. Finally, Stone House Investment Management LLC purchased a new position in Wells Fargo & Company during the 1st quarter valued at about $34,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Down 1.7%

Shares of WFC opened at $79.74 on Thursday. Wells Fargo & Company has a 1-year low of $57.07 and a 1-year high of $86.65. The company has a 50-day moving average of $80.65 and a 200 day moving average of $76.44. The firm has a market capitalization of $255.44 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.31 and a beta of 1.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.84 and a quick ratio of 0.83.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.13. Wells Fargo & Company had a net margin of 16.82% and a return on equity of 12.29%. The company had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.83 billion. During the same quarter last year, the business posted $1.33 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 8th were issued a $0.45 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.40. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 30.82%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WFC. Cowen reissued a “hold” rating on shares of Wells Fargo & Company in a research report on Wednesday, July 16th. Wall Street Zen raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Citigroup lifted their target price on shares of Wells Fargo & Company from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Phillip Securities cut shares of Wells Fargo & Company from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, July 17th. Finally, Truist Financial lifted their target price on shares of Wells Fargo & Company from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.41.

Wells Fargo & Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.