Integral Investment Advisors Inc. Acquires New Shares in Wells Fargo & Company (NYSE:WFC)

Integral Investment Advisors Inc. bought a new position in shares of Wells Fargo & Company (NYSE:WFC) during the 4th quarter, HoldingsChannel reports. The firm bought 4,456 shares of the financial services provider’s stock, valued at approximately $219,000.

Several other large investors have also modified their holdings of WFC. Norges Bank purchased a new position in shares of Wells Fargo & Company in the 4th quarter worth approximately $2,049,693,000. Northern Trust Corp boosted its holdings in shares of Wells Fargo & Company by 0.3% in the 3rd quarter. Northern Trust Corp now owns 38,197,624 shares of the financial services provider’s stock valued at $1,560,755,000 after acquiring an additional 129,300 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Wells Fargo & Company by 129,312.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 26,287,479 shares of the financial services provider’s stock worth $1,085,410,000 after purchasing an additional 26,267,166 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Wells Fargo & Company by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,901,706 shares of the financial services provider’s stock valued at $1,061,357,000 after acquiring an additional 64,080 shares during the period. Finally, Pzena Investment Management LLC boosted its holdings in Wells Fargo & Company by 1.9% during the third quarter. Pzena Investment Management LLC now owns 18,269,318 shares of the financial services provider’s stock worth $746,484,000 after buying an additional 335,560 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

WFC stock traded up $1.67 during midday trading on Thursday, reaching $58.85. The company had a trading volume of 18,386,230 shares, compared to its average volume of 18,679,008. The firm has a market capitalization of $208.35 billion, a PE ratio of 12.29, a P/E/G ratio of 1.10 and a beta of 1.19. The stock has a 50 day moving average price of $55.42 and a 200 day moving average price of $48.61. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 1.14. Wells Fargo & Company has a fifty-two week low of $36.40 and a fifty-two week high of $59.13.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The company had revenue of $20.86 billion for the quarter, compared to analysts’ expectations of $20.19 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that Wells Fargo & Company will post 5.04 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 2nd were paid a $0.35 dividend. The ex-dividend date was Thursday, February 1st. This represents a $1.40 annualized dividend and a dividend yield of 2.38%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.23%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Compass Point restated a “neutral” rating and issued a $64.00 price objective on shares of Wells Fargo & Company in a report on Tuesday, April 9th. Citigroup reiterated a “neutral” rating and issued a $63.00 price objective (up previously from $57.00) on shares of Wells Fargo & Company in a research note on Wednesday, March 20th. HSBC lifted their price target on Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. StockNews.com raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group lifted their target price on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the company a “hold” rating in a report on Monday, April 8th. Thirteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Wells Fargo & Company currently has a consensus rating of “Hold” and a consensus target price of $58.85.

Wells Fargo & Company 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.