First National Bank of Omaha Acquires New Holdings in Wells Fargo & Company $WFC

First National Bank of Omaha bought a new position in Wells Fargo & Company (NYSE:WFC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 87,173 shares of the financial services provider's stock, valued at approximately $7,221,000.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Wells Fargo & Company during the 4th quarter valued at $4,512,563,000. Bank of New York Mellon Corp purchased a new position in shares of Wells Fargo & Company in the 2nd quarter worth $1,364,923,000. Deutsche Bank AG bought a new stake in shares of Wells Fargo & Company in the second quarter worth $859,431,000. Pzena Investment Management LLC bought a new stake in shares of Wells Fargo & Company in the second quarter worth $729,502,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Wells Fargo & Company in the second quarter worth $620,861,000. Institutional investors own 75.90% of the company's stock.

Wells Fargo & Company Trading Up 0.2%

Wells Fargo & Company stock opened at $83.83 on Friday. The firm has a 50 day moving average of $86.08 and a 200 day moving average of $82.97. The firm has a market capitalization of $253.50 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 0.91 and a beta of 0.92. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09.

Wells Fargo & Company (NYSE:WFC - Get Free Report) 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. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The company had revenue of $22.62 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same quarter last year, the business earned $1.60 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Wells Fargo & Company will post 7.26 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a dividend of $0.50 per share. This is a positive change from Wells Fargo & Company's previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. Wells Fargo & Company's dividend payout ratio is presently 29.07%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. UBS Group dropped their target price on Wells Fargo & Company from $105.00 to $104.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. Bank of America boosted their price target on Wells Fargo & Company from $95.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Wall Street Zen raised shares of Wells Fargo & Company from a "sell" rating to a "hold" rating in a research report on Sunday, June 14th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $98.61.

Wells Fargo & 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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