44,859 Shares in Wells Fargo & Company $WFC Acquired by Coppell Advisory Solutions LLC

Key Points

• Coppell Advisory Solutions LLC acquired 44,859 Wells Fargo shares during the second quarter, valued at approximately $3.7 million. Institutional investors and hedge funds collectively own 75.9% of the company.
• Analysts maintain a “Moderate Buy” consensus rating on WFC, with an average price target of $98.61; individual ratings range from Hold to Strong Buy.
• Wells Fargo exceeded quarterly expectations with $1.96 in EPS and $22.62 billion in revenue, while increasing its quarterly dividend from $0.45 to $0.50 per share.

Coppell Advisory Solutions LLC bought a new position in Wells Fargo & Company (NYSE:WFC) during the second quarter, according to its most recent filing with the SEC. The firm bought 44,859 shares of the financial services provider's stock, valued at approximately $3,707,000.

Several other hedge funds have also bought and sold shares of WFC. Godfrey Financial Associates Inc. acquired a new position in shares of Wells Fargo & Company during the fourth quarter valued at about $25,000. Miller Capital Partners Inc. acquired a new stake in shares of Wells Fargo & Company in the 4th quarter worth about $25,000. Navalign LLC bought a new position in Wells Fargo & Company in the 4th quarter valued at about $26,000. Phillip James Consulting Co. bought a new position in Wells Fargo & Company in the 1st quarter valued at about $28,000. Finally, Core Wealth Advisors LLC acquired a new position in Wells Fargo & Company during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Wall Street Analysts Forecast Growth

WFC has been the subject of several analyst reports. Bank of America increased their price objective on Wells Fargo & Company from $95.00 to $102.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their target price on Wells Fargo & Company from $93.50 to $95.50 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods decreased their price target on Wells Fargo & Company from $98.00 to $94.00 and set a "market perform" rating for the company in a report on Wednesday, July 15th. Wall Street Zen raised Wells Fargo & Company from a "sell" rating to a "hold" rating in a research report on Sunday, June 14th. Finally, UBS Group dropped their price objective on Wells Fargo & Company from $105.00 to $104.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.61.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $89.28 on Thursday. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76. The company's 50 day moving average price is $86.48 and its two-hundred day moving average price is $82.59. The stock has a market cap of $269.98 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The company had revenue of $22.62 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same period last year, the business posted $1.60 earnings per share. Wells Fargo & Company's revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Wells Fargo & Company will post 7.26 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, August 7th. This is a positive change from Wells Fargo & Company's previous quarterly dividend of $0.45. Wells Fargo & Company's dividend payout ratio (DPR) is presently 29.07%.

Wells Fargo & Company Company Profile

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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