Wells Fargo & Company (NYSE:WFC) Shares Bought by Quadrature Capital Ltd

Quadrature Capital Ltd boosted its holdings in shares of Wells Fargo & Company (NYSE:WFCFree Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,885 shares of the financial services provider’s stock after purchasing an additional 2,074 shares during the period. Quadrature Capital Ltd’s holdings in Wells Fargo & Company were worth $4,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WFC. Norges Bank acquired a new position in shares of Wells Fargo & Company in the fourth quarter worth about $2,623,044,000. LSV Asset Management raised its position in shares of Wells Fargo & Company by 40.4% in the fourth quarter. LSV Asset Management now owns 9,308,450 shares of the financial services provider’s stock worth $458,162,000 after acquiring an additional 2,677,050 shares during the period. Morningstar Investment Services LLC raised its position in shares of Wells Fargo & Company by 103.7% in the fourth quarter. Morningstar Investment Services LLC now owns 3,833,570 shares of the financial services provider’s stock worth $189,684,000 after acquiring an additional 1,951,477 shares during the period. Nordea Investment Management AB raised its position in shares of Wells Fargo & Company by 42.7% in the fourth quarter. Nordea Investment Management AB now owns 5,780,421 shares of the financial services provider’s stock worth $285,668,000 after acquiring an additional 1,729,132 shares during the period. Finally, 1832 Asset Management L.P. raised its position in shares of Wells Fargo & Company by 91.5% in the fourth quarter. 1832 Asset Management L.P. now owns 3,503,169 shares of the financial services provider’s stock worth $172,426,000 after acquiring an additional 1,673,917 shares during the period. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Up 1.1 %

Wells Fargo & Company stock traded up $0.63 during mid-day trading on Friday, reaching $58.36. 14,466,845 shares of the company’s stock were exchanged, compared to its average volume of 14,193,930. The company has a fifty day moving average of $59.36 and a 200-day moving average of $53.67. The company has a market cap of $203.46 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.52 and a beta of 1.17. 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 twelve month low of $38.38 and a twelve month high of $62.55.

Wells Fargo & Company (NYSE:WFCGet Free Report) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) 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 business had revenue of $20.86 billion for the quarter, compared to analysts’ expectations of $20.19 billion. During the same period last year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts expect that Wells Fargo & Company will post 5.08 EPS for the current year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Friday, May 10th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Thursday, May 9th. Wells Fargo & Company’s dividend payout ratio is presently 29.23%.

Analyst Ratings Changes

Several research analysts recently weighed in on WFC shares. StockNews.com upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. The Goldman Sachs Group raised their target price on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Citigroup restated a “neutral” rating and issued a $63.00 price target (up from $57.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price objective on Wells Fargo & Company from $59.00 to $61.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Argus upped their target price on Wells Fargo & Company from $57.00 to $66.00 and gave the company a “buy” rating in a report on Monday, April 15th. Fourteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Wells Fargo & Company has an average rating of “Hold” and an average price target of $58.99.

View Our Latest Stock Analysis on Wells Fargo & Company

Wells Fargo & Company Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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