Wells Fargo & Company $WFC Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA lessened its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 743,838 shares of the financial services provider’s stock after selling 18,096 shares during the quarter. Wells Fargo & Company comprises approximately 3.9% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 12th biggest position. Mcdonald Capital Investors Inc. CA’s holdings in Wells Fargo & Company were worth $62,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Alteri Wealth LLC raised its stake in Wells Fargo & Company by 2.2% in the third quarter. Alteri Wealth LLC now owns 16,362 shares of the financial services provider’s stock valued at $1,371,000 after buying an additional 348 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Wells Fargo & Company by 11.3% during the third quarter. Koshinski Asset Management Inc. now owns 13,972 shares of the financial services provider’s stock valued at $1,171,000 after acquiring an additional 1,422 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Wells Fargo & Company by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 84,293 shares of the financial services provider’s stock valued at $7,065,000 after acquiring an additional 1,911 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ raised its position in shares of Wells Fargo & Company by 2.5% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 1,027,600 shares of the financial services provider’s stock valued at $86,133,000 after purchasing an additional 24,875 shares during the last quarter. Finally, Princeton Capital Management LLC boosted its stake in Wells Fargo & Company by 7.3% in the 3rd quarter. Princeton Capital Management LLC now owns 3,623 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 245 shares in the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Company News Summary

Here are the key news stories impacting Wells Fargo & Company this week:

Wells Fargo & Company Price Performance

Shares of WFC opened at $88.61 on Monday. The business’s 50-day moving average is $91.49 and its two-hundred day moving average is $86.26. The company has a market capitalization of $278.17 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.97 and a beta of 1.09. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFCGet Free Report) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The firm had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. Research analysts predict that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 6th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.0%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

Insider Buying and Selling at Wells Fargo & Company

In related news, EVP Kleber Santos sold 25,000 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $87.72, for a total value of $2,193,000.00. Following the completion of the transaction, the executive vice president directly owned 79,876 shares in the company, valued at $7,006,722.72. The trade was a 23.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WFC shares. Keefe, Bruyette & Woods upped their price target on shares of Wells Fargo & Company from $92.00 to $101.00 and gave the company a “market perform” rating in a research note on Wednesday, December 17th. Truist Financial reduced their target price on Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. UBS Group reaffirmed a “buy” rating and set a $113.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. TD Cowen cut their price objective on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, January 15th. Finally, CICC Research started coverage on Wells Fargo & Company in a research note on Wednesday, January 14th. They issued a “market perform” rating and a $96.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.03.

View Our Latest Research Report on Wells Fargo & Company

About Wells Fargo & Company

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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

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