222,741 Shares of Wells Fargo & Company $WFC Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 222,741 shares of the financial services provider's stock, valued at approximately $17,830,000.

A number of other large investors have also added to or reduced their stakes in the stock. Bryn Mawr Trust Advisors LLC bought a new position in shares of Wells Fargo & Company in the 2nd quarter valued at $658,000. WINTON GROUP Ltd acquired a new stake in shares of Wells Fargo & Company during the 2nd quarter worth approximately $16,259,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Wells Fargo & Company in the second quarter valued at $1,116,000. Citizens Financial Group Inc. RI bought a new stake in Wells Fargo & Company in the 2nd quarter valued at about $25,922,000. Finally, Whalen Wealth Management Inc. bought a new stake in shares of Wells Fargo & Company during the second quarter valued at approximately $1,190,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Wells Fargo & Company Trading Down 0.5%

Shares of Wells Fargo & Company stock opened at $85.50 on Wednesday. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $256.66 billion, a PE ratio of 12.06, a PEG ratio of 0.92 and a beta of 0.93. The company has a 50 day simple moving average of $84.38 and a two-hundred day simple moving average of $83.64.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its earnings results on Tuesday, October 13th. The financial services provider reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.02. Wells Fargo & Company had a return on equity of 14.05% and a net margin of 17.64%. The business had revenue of $21.87 billion for the quarter, compared to analysts' expectations of $22.30 billion. During the same quarter in the prior year, the firm earned $1.66 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. Analysts expect that Wells Fargo & Company will post 7.27 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. Wells Fargo & Company's dividend payout ratio (DPR) is currently 28.21%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WFC shares. Morgan Stanley cut their target price on Wells Fargo & Company from $102.00 to $101.00 and set an "overweight" rating on the stock in a report on Wednesday, October 14th. Raymond James Financial reissued a "market perform" rating on shares of Wells Fargo & Company in a report on Tuesday, July 14th. Keefe, Bruyette & Woods reduced their price objective on Wells Fargo & Company from $94.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, October 14th. The Goldman Sachs Group set a $94.00 price objective on Wells Fargo & Company in a report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Wells Fargo & Company from $91.50 to $92.00 and gave the stock a "neutral" rating in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $98.11.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified financial services company that provides banking, lending, investment, and financial management services to individuals, businesses, and institutions. Its offerings include deposit accounts, residential and commercial lending, credit cards, payments, treasury management, and other banking products.

The company also provides wealth and investment management services, including financial planning, brokerage, advisory, and private banking solutions.

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