17,727 Shares in Wells Fargo & Company (NYSE:WFC) Purchased by Team Hewins LLC

Team Hewins LLC bought a new stake in Wells Fargo & Company (NYSE:WFC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,727 shares of the financial services provider's stock, valued at approximately $873,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Financial Corp IN raised its holdings in shares of Wells Fargo & Company by 4.9% during the fourth quarter. First Financial Corp IN now owns 4,595 shares of the financial services provider's stock valued at $226,000 after buying an additional 214 shares during the last quarter. CX Institutional raised its holdings in shares of Wells Fargo & Company by 1.1% during the fourth quarter. CX Institutional now owns 20,280 shares of the financial services provider's stock valued at $998,000 after buying an additional 217 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its holdings in shares of Wells Fargo & Company by 4.1% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,645 shares of the financial services provider's stock valued at $278,000 after buying an additional 224 shares during the last quarter. ERTS Wealth Advisors LLC raised its holdings in shares of Wells Fargo & Company by 3.5% during the fourth quarter. ERTS Wealth Advisors LLC now owns 6,733 shares of the financial services provider's stock valued at $331,000 after buying an additional 228 shares during the last quarter. Finally, One Capital Management LLC raised its holdings in shares of Wells Fargo & Company by 0.6% during the fourth quarter. One Capital Management LLC now owns 36,268 shares of the financial services provider's stock valued at $1,785,000 after buying an additional 228 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WFC shares. JPMorgan Chase & Co. lifted their price target on Wells Fargo & Company from $59.00 to $61.50 and gave the company a "neutral" rating in a report on Wednesday, May 1st. HSBC boosted their target price on Wells Fargo & Company from $55.00 to $60.00 and gave the stock a "hold" rating in a report on Thursday, March 28th. Citigroup reissued a "neutral" rating and set a $63.00 target price (up previously from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. Jefferies Financial Group boosted their target price on Wells Fargo & Company from $52.00 to $60.00 and gave the stock a "hold" rating in a report on Monday, April 8th. Finally, StockNews.com raised Wells Fargo & Company from a "sell" rating to a "hold" rating in a report on Monday, April 15th. Fourteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $58.99.

Wells Fargo & Company Stock Down 2.0 %

Shares of NYSE WFC traded down $1.24 during mid-day trading on Thursday, reaching $59.69. The company had a trading volume of 13,056,158 shares, compared to its average volume of 18,515,090. Wells Fargo & Company has a twelve month low of $38.38 and a twelve month high of $62.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a market capitalization of $208.10 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.62 and a beta of 1.18. The stock's 50 day moving average is $58.93 and its 200-day moving average is $52.21.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The business had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the prior year, the business posted $1.23 earnings per share. Wells Fargo & Company's revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts anticipate that Wells Fargo & Company will post 5.08 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Friday, May 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, May 9th. Wells Fargo & Company's dividend payout ratio is presently 29.23%.

Wells Fargo & Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.

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