Integrity Alliance LLC. Has $1.31 Million Position in Wells Fargo & Company $WFC

Integrity Alliance LLC. decreased its position in shares of Wells Fargo & Company (NYSE:WFC) by 13.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,356 shares of the financial services provider’s stock after selling 2,536 shares during the period. Integrity Alliance LLC.’s holdings in Wells Fargo & Company were worth $1,310,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. GAM Holding AG bought a new position in Wells Fargo & Company during the 2nd quarter worth $1,416,000. Earned Wealth Advisors LLC increased its position in Wells Fargo & Company by 8.3% during the 2nd quarter. Earned Wealth Advisors LLC now owns 8,515 shares of the financial services provider’s stock worth $682,000 after buying an additional 654 shares during the period. Aljian Capital Management LLC increased its position in Wells Fargo & Company by 8.5% during the 2nd quarter. Aljian Capital Management LLC now owns 15,576 shares of the financial services provider’s stock worth $1,248,000 after buying an additional 1,217 shares during the period. Simon Quick Advisors LLC increased its position in Wells Fargo & Company by 9.5% during the 2nd quarter. Simon Quick Advisors LLC now owns 20,246 shares of the financial services provider’s stock worth $1,622,000 after buying an additional 1,761 shares during the period. Finally, Heritage Investors Management Corp bought a new position in Wells Fargo & Company during the 2nd quarter worth $327,000. Institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

WFC has been the topic of several recent research reports. Truist Financial lifted their price objective on Wells Fargo & Company from $88.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. TD Cowen lifted their price objective on Wells Fargo & Company from $90.00 to $93.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Raymond James Financial cut Wells Fargo & Company from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 7th. Evercore ISI lifted their price objective on Wells Fargo & Company from $94.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Finally, Citigroup boosted their price target on Wells Fargo & Company from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.57.

Wells Fargo & Company Price Performance

Shares of WFC opened at $87.19 on Friday. Wells Fargo & Company has a 12-month low of $58.42 and a 12-month high of $87.47. The business has a 50-day simple moving average of $82.75 and a two-hundred day simple moving average of $78.49. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.07. The stock has a market cap of $279.30 billion, a PE ratio of 14.34, a PEG ratio of 1.18 and a beta of 1.25.

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

Wells Fargo & Company Announces Dividend

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

Wells Fargo & Company 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.