Janus Henderson Group PLC Has $32.44 Million Holdings in Wells Fargo & Company $WFC

Janus Henderson Group PLC boosted its holdings in Wells Fargo & Company (NYSE:WFC) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 407,543 shares of the financial services provider’s stock after acquiring an additional 9,898 shares during the quarter. Janus Henderson Group PLC’s holdings in Wells Fargo & Company were worth $32,439,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Centaurus Financial Inc. grew its holdings in Wells Fargo & Company by 1.4% during the first quarter. Centaurus Financial Inc. now owns 56,341 shares of the financial services provider’s stock worth $4,485,000 after buying an additional 759 shares in the last quarter. Oddo BHF Asset Management Sas lifted its stake in Wells Fargo & Company by 2.8% during the 1st quarter. Oddo BHF Asset Management Sas now owns 63,231 shares of the financial services provider’s stock valued at $5,034,000 after acquiring an additional 1,733 shares in the last quarter. Bull Harbor Capital LLC bought a new position in Wells Fargo & Company during the 1st quarter valued at $323,000. Strategic Investment Advisors MI lifted its stake in Wells Fargo & Company by 81.1% during the 1st quarter. Strategic Investment Advisors MI now owns 15,135 shares of the financial services provider’s stock valued at $1,205,000 after acquiring an additional 6,776 shares in the last quarter. Finally, Ashton Thomas Securities LLC boosted its holdings in Wells Fargo & Company by 88.8% during the 1st quarter. Ashton Thomas Securities LLC now owns 8,434 shares of the financial services provider’s stock worth $671,000 after acquiring an additional 3,966 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WFC. Phillip Securities upgraded shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods dropped their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 15th. Robert W. Baird boosted their price target on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Bank of America upped their price objective on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Wells Fargo & Company from $93.50 to $95.50 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Wells Fargo & Company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.61.

Wells Fargo & Company Stock Up 0.2%

Shares of NYSE:WFC opened at $86.60 on Monday. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The company has a market capitalization of $261.88 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92. The business has a fifty day moving average price of $83.78 and a two-hundred day moving average price of $83.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. The company had revenue of $22.62 billion for the quarter, compared to analysts’ expectations of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 EPS. Analysts forecast that Wells Fargo & Company will post 7.26 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a $0.50 dividend. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 7th. Wells Fargo & Company’s payout ratio is presently 26.16%.

About Wells Fargo & Company

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.