14,091 Shares in Wells Fargo & Company $WFC Bought by Invst LLC

Key Points

• Invst LLC has acquired a new position in Wells Fargo & Company, purchasing 14,091 shares valued at approximately $1,012,000 in the first quarter.
• Wells Fargo's recent earnings report showed an EPS of $1.54, exceeding estimates, with a net margin of 16.82% and revenue of $20.82 billion.
• Following a dividend increase to $0.45 per share, Wells Fargo now has an annualized dividend yield of 2.2% and a payout ratio of 30.82%.

Invst LLC acquired a new position in Wells Fargo & Company (NYSE:WFC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,091 shares of the financial services provider's stock, valued at approximately $1,012,000.

Other large investors have also recently bought and sold shares of the company. Motco boosted its holdings in Wells Fargo & Company by 397.6% in the first quarter. Motco now owns 408 shares of the financial services provider's stock worth $29,000 after purchasing an additional 326 shares in the last quarter. Accent Capital Management LLC bought a new stake in Wells Fargo & Company during the first quarter valued at about $29,000. Stone House Investment Management LLC bought a new stake in Wells Fargo & Company during the first quarter valued at about $34,000. Orion Capital Management LLC bought a new stake in Wells Fargo & Company during the fourth quarter valued at about $35,000. Finally, Greykasell Wealth Strategies Inc. bought a new stake in Wells Fargo & Company during the first quarter valued at about $36,000. 75.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WFC shares. Bank of America upped their price target on shares of Wells Fargo & Company from $83.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley increased their target price on shares of Wells Fargo & Company from $77.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Phillip Securities cut shares of Wells Fargo & Company from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Citigroup reiterated a "neutral" rating on shares of Wells Fargo & Company in a research note on Tuesday, July 8th. Finally, Raymond James Financial cut shares of Wells Fargo & Company from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Wells Fargo & Company presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.56.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $81.46 on Friday. Wells Fargo & Company has a 12-month low of $51.75 and a 12-month high of $84.83. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $260.95 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.26 and a beta of 1.25. The firm has a 50-day moving average price of $80.38 and a 200 day moving average price of $75.16.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.83 billion. During the same quarter in the prior year, the business posted $1.33 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. Research analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 8th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 8th. This is a positive change from Wells Fargo & Company's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. Wells Fargo & Company's dividend payout ratio (DPR) is 30.82%.

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.

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