Czech National Bank Has $54.23 Million Stock Holdings in Wells Fargo & Company (NYSE:WFC)

Czech National Bank grew its holdings in Wells Fargo & Company (NYSE:WFC - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 755,410 shares of the financial services provider's stock after acquiring an additional 33,712 shares during the period. Czech National Bank's holdings in Wells Fargo & Company were worth $54,231,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Ironwood Wealth Management LLC. bought a new stake in Wells Fargo & Company during the fourth quarter valued at about $221,000. Brighton Jones LLC raised its stake in Wells Fargo & Company by 62.3% during the 4th quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider's stock valued at $4,652,000 after purchasing an additional 25,436 shares during the last quarter. Strategic Blueprint LLC raised its stake in Wells Fargo & Company by 12.7% during the 4th quarter. Strategic Blueprint LLC now owns 5,466 shares of the financial services provider's stock valued at $384,000 after purchasing an additional 618 shares during the last quarter. Crews Bank & Trust acquired a new position in Wells Fargo & Company during the 4th quarter valued at $171,000. Finally, Caprock Group LLC raised its stake in Wells Fargo & Company by 12.6% during the 4th quarter. Caprock Group LLC now owns 94,222 shares of the financial services provider's stock valued at $6,618,000 after purchasing an additional 10,551 shares during the last quarter. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Price Performance

NYSE:WFC traded up $0.95 during mid-day trading on Tuesday, reaching $75.67. 13,001,337 shares of the company were exchanged, compared to its average volume of 17,416,818. The stock has a market cap of $246.26 billion, a PE ratio of 14.07, a PEG ratio of 1.18 and a beta of 1.13. Wells Fargo & Company has a 12 month low of $50.15 and a 12 month high of $81.50. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. The company has a fifty day moving average of $70.10 and a 200 day moving average of $72.91.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The company had revenue of $20.15 billion during the quarter, compared to analysts' expectations of $20.82 billion. During the same quarter in the previous year, the company earned $1.20 EPS. Wells Fargo & Company's revenue was down 3.4% on a year-over-year basis. On average, research analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Friday, May 9th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Friday, May 9th. Wells Fargo & Company's dividend payout ratio (DPR) is currently 28.73%.

Wells Fargo & Company declared that its board has authorized a share buyback plan on Tuesday, April 29th that authorizes the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 17.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Wells Fargo & Company from $84.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Phillip Securities upgraded shares of Wells Fargo & Company from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, April 14th. Barclays dropped their price objective on shares of Wells Fargo & Company from $92.00 to $87.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Raymond James dropped their price objective on shares of Wells Fargo & Company from $88.00 to $78.00 and set a "strong-buy" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada upgraded shares of Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research note on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Wells Fargo & Company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.73.

Wells Fargo & Company 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.