Buck Wealth Strategies LLC Purchases 701 Shares of Wells Fargo & Company $WFC

Buck Wealth Strategies LLC lifted its position in Wells Fargo & Company (NYSE:WFC) by 21.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,970 shares of the financial services provider’s stock after acquiring an additional 701 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Wells Fargo & Company were worth $318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Arkadios Wealth Advisors raised its holdings in shares of Wells Fargo & Company by 6.8% in the second quarter. Arkadios Wealth Advisors now owns 26,399 shares of the financial services provider’s stock valued at $2,115,000 after acquiring an additional 1,676 shares in the last quarter. World Investment Advisors raised its holdings in shares of Wells Fargo & Company by 4.8% in the second quarter. World Investment Advisors now owns 91,807 shares of the financial services provider’s stock valued at $7,356,000 after acquiring an additional 4,167 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Wells Fargo & Company by 4.9% in the second quarter. Flagship Harbor Advisors LLC now owns 3,572 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 166 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. raised its holdings in shares of Wells Fargo & Company by 0.8% in the second quarter. Eubel Brady & Suttman Asset Management Inc. now owns 193,666 shares of the financial services provider’s stock valued at $15,517,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Mayflower Financial Advisors LLC lifted its stake in shares of Wells Fargo & Company by 9.6% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 5,450 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 477 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Trading Down 1.0%

Wells Fargo & Company stock opened at $86.02 on Thursday. The stock has a 50-day moving average of $82.42 and a two-hundred day moving average of $78.27. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.84. Wells Fargo & Company has a one year low of $58.42 and a one year high of $87.47. The stock has a market cap of $275.56 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.19 and a beta of 1.25.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.11. Wells Fargo & Company had a return on equity of 12.51% and a net margin of 17.18%.The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.11 billion. During the same period last year, the business posted $1.42 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a $0.45 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.61%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WFC shares. Bank of America upped their price objective on Wells Fargo & Company from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Cowen restated a “hold” rating on shares of Wells Fargo & Company in a research note on Wednesday, October 15th. Keefe, Bruyette & Woods upped their price objective on Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 15th. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Cfra Research upgraded Wells Fargo & Company to a “moderate buy” rating in a research note on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and an average target price of $89.57.

About Wells Fargo & Company

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.