Wells Fargo & Company $WFC Stock Holdings Raised by Czech National Bank

Czech National Bank raised its stake in Wells Fargo & Company (NYSE:WFC - Free Report) by 5.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 795,437 shares of the financial services provider's stock after purchasing an additional 40,027 shares during the period. Czech National Bank's holdings in Wells Fargo & Company were worth $63,730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Summit Wealth & Retirement Planning Inc. boosted its stake in Wells Fargo & Company by 4.3% during the 1st quarter. Summit Wealth & Retirement Planning Inc. now owns 3,362 shares of the financial services provider's stock valued at $241,000 after purchasing an additional 139 shares during the period. Nwam LLC boosted its stake in Wells Fargo & Company by 1.6% during the 1st quarter. Nwam LLC now owns 8,806 shares of the financial services provider's stock valued at $632,000 after purchasing an additional 142 shares during the period. PGIM Custom Harvest LLC boosted its stake in Wells Fargo & Company by 3.5% during the 1st quarter. PGIM Custom Harvest LLC now owns 4,225 shares of the financial services provider's stock valued at $303,000 after purchasing an additional 142 shares during the period. Tradition Wealth Management LLC boosted its stake in Wells Fargo & Company by 0.5% during the 1st quarter. Tradition Wealth Management LLC now owns 30,420 shares of the financial services provider's stock valued at $2,184,000 after purchasing an additional 143 shares during the period. Finally, Retirement Planning Co of New England Inc. boosted its stake in Wells Fargo & Company by 0.8% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 18,434 shares of the financial services provider's stock valued at $1,323,000 after purchasing an additional 144 shares during the period. Institutional investors own 75.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on WFC shares. Raymond James Financial lowered shares of Wells Fargo & Company from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 7th. Dbs Bank raised shares of Wells Fargo & Company from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Truist Financial upped their price target on shares of Wells Fargo & Company from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Bank of America upped their price target on shares of Wells Fargo & Company from $83.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Wells Fargo & Company in a research note on Tuesday, July 8th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Wells Fargo & Company presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.56.

Wells Fargo & Company Stock Up 0.0%

Wells Fargo & Company stock opened at $81.47 on Tuesday. The firm has a market cap of $260.98 billion, a PE ratio of 13.95, a P/E/G ratio of 1.27 and a beta of 1.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.83 and a current ratio of 0.84. The firm's 50 day moving average price is $80.37 and its two-hundred day moving average price is $75.16. Wells Fargo & Company has a twelve month low of $52.81 and a twelve month high of $84.83.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.13. The firm had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.83 billion. Wells Fargo & Company had a net margin of 16.82% and a return on equity of 12.29%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 EPS. On average, research analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Increases Dividend

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

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.

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