Wells Fargo & Firm (NYSE:WFC) Place Elevated by Nice Waters Wealth Administration

Nice Waters Wealth Administration elevated its stake in Wells Fargo & Firm (NYSE:WFC) by 2.8% in the course of the third quarter, HoldingsChannel experiences. The agency owned 6,839 shares of the monetary companies supplier’s inventory after buying an extra 187 shares in the course of the interval. Nice Waters Wealth Administration’s holdings in Wells Fargo & Firm have been price $386,000 as of its most up-to-date submitting with the Securities and Alternate Fee.

Different hedge funds have additionally made modifications to their positions within the firm. John W. Brooker & Co. CPAs grew its stake in shares of Wells Fargo & Firm by 2.5% within the 2nd quarter. John W. Brooker & Co. CPAs now owns 7,075 shares of the monetary companies supplier’s inventory valued at $420,000 after buying an extra 171 shares in the course of the interval. McAdam LLC grew its place in Wells Fargo & Firm by 3.3% in the course of the 2nd quarter. McAdam LLC now owns 5,609 shares of the monetary companies supplier’s inventory price $333,000 after buying an extra 178 shares over the last quarter. Eclectic Associates Inc. ADV grew its place in Wells Fargo & Firm by 1.2% in the course of the third quarter. Eclectic Associates Inc. ADV now owns 15,452 shares of the monetary companies supplier’s inventory price $873,000 after buying an extra 178 shares over the last quarter. Prentice Wealth Administration LLC grew its place in Wells Fargo & Firm by 2.0% in the course of the 2nd quarter. Prentice Wealth Administration LLC now owns 9,426 shares of the monetary companies supplier’s inventory price $560,000 after buying an extra 184 shares over the last quarter. Lastly, Clearstead Belief LLC grew its place in Wells Fargo & Firm by 13.0% in the course of the 1st quarter. Clearstead Belief LLC now owns 1,617 shares of the monetary companies supplier’s inventory price $94,000 after buying an extra 186 shares over the last quarter. Institutional traders personal 75.90% of the corporate’s inventory.

Wall Road Analyst Weigh In

Quite a few equities analysis analysts lately commented on WFC shares. The Goldman Sachs Group decreased their value goal on Wells Fargo & Firm from $68.00 to $65.00 and set a “purchase” ranking on the inventory in a analysis report on Wednesday, September eleventh. Keefe, Bruyette & Woods decreased their value goal on Wells Fargo & Firm from $62.00 to $61.00 and set a “market carry out” ranking on the inventory in a report on Monday, July fifteenth. Morgan Stanley decreased their value goal on Wells Fargo & Firm from $68.00 to $67.00 and set an “chubby” ranking on the inventory in a report on Monday, September thirtieth. BMO Capital Markets upped their value goal on Wells Fargo & Firm from $55.00 to $57.00 and gave the inventory a “market carry out” ranking in a report on Thursday, July eleventh. Lastly, Evercore ISI upped their value goal on Wells Fargo & Firm from $65.00 to $68.00 and gave the inventory an “outperform” ranking in a report on Wednesday. Twelve analysts have rated the inventory with a maintain ranking, six have given a purchase ranking and one has issued a powerful purchase ranking to the inventory. In accordance with knowledge from MarketBeat.com, the corporate at present has a consensus ranking of “Maintain” and a consensus value goal of $60.41.

Get Our Newest Analysis Report on Wells Fargo & Firm

Wells Fargo & Firm Buying and selling Up 3.6 %

WFC inventory traded up $1.98 throughout noon buying and selling on Friday, hitting $56.96. 14,594,449 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 18,007,127. The inventory’s fifty day shifting common value is $55.36 and its 200-day shifting common value is $57.75. The corporate has a debt-to-equity ratio of 1.11, a fast ratio of 0.85 and a present ratio of 0.86. The corporate has a market cap of $198.58 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.32 and a beta of 1.16. Wells Fargo & Firm has a one yr low of $38.58 and a one yr excessive of $62.55.

Wells Fargo & Firm (NYSE:WFC – Get Free Report) final posted its earnings outcomes on Friday, July twelfth. The monetary companies supplier reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.04. The agency had income of $20.69 billion for the quarter, in comparison with analyst estimates of $20.29 billion. Wells Fargo & Firm had a return on fairness of 12.30% and a web margin of 15.17%. The corporate’s income for the quarter was up .8% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the corporate posted $1.25 earnings per share. Analysis analysts predict that Wells Fargo & Firm will put up 5.14 earnings per share for the present fiscal yr.

Wells Fargo & Firm Will increase Dividend

The corporate additionally lately declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of file on Friday, August ninth have been issued a $0.40 dividend. This represents a $1.60 dividend on an annualized foundation and a dividend yield of two.81%. This can be a optimistic change from Wells Fargo & Firm’s earlier quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, August ninth. Wells Fargo & Firm’s payout ratio is 32.85%.

About Wells Fargo & Firm

(Free Report)

Wells Fargo & Firm, a monetary companies firm, supplies diversified banking, funding, mortgage, and shopper and industrial finance services in the US and internationally. The corporate operates via 4 segments: Client Banking and Lending; Business Banking; Company and Funding Banking; and Wealth and Funding Administration.

Additional Studying

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