All Terrain Financial Advisors LLC Increases Stock Position in Wells Fargo & Company $WFC

All Terrain Financial Advisors LLC lifted its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,466 shares of the financial services provider’s stock after purchasing an additional 1,463 shares during the period. All Terrain Financial Advisors LLC’s holdings in Wells Fargo & Company were worth $919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GM Advisory Group LLC lifted its stake in Wells Fargo & Company by 22.3% during the second quarter. GM Advisory Group LLC now owns 33,408 shares of the financial services provider’s stock worth $2,677,000 after purchasing an additional 6,081 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Wells Fargo & Company by 33.6% in the second quarter. Quadrant Capital Group LLC now owns 86,345 shares of the financial services provider’s stock worth $6,918,000 after acquiring an additional 21,718 shares during the period. Vinva Investment Management Ltd boosted its position in Wells Fargo & Company by 48.8% during the 2nd quarter. Vinva Investment Management Ltd now owns 196,298 shares of the financial services provider’s stock valued at $15,606,000 after acquiring an additional 64,361 shares in the last quarter. Inceptionr LLC purchased a new position in Wells Fargo & Company during the second quarter valued at $1,131,000. Finally, Country Trust Bank increased its stake in shares of Wells Fargo & Company by 37.3% during the second quarter. Country Trust Bank now owns 1,068 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 290 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Up 0.6%

Shares of WFC stock opened at $85.61 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $268.75 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.18 and a beta of 1.22. Wells Fargo & Company has a 1-year low of $58.42 and a 1-year high of $88.64. The stock has a 50 day simple moving average of $84.20 and a 200-day simple moving average of $80.55.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.18. Wells Fargo & Company had a return on equity of 12.51% and a net margin of 17.18%.The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.11 billion. During the same quarter last year, the firm posted $1.42 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities research analysts expect that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, November 7th. Wells Fargo & Company’s payout ratio is currently 29.61%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of Wells Fargo & Company from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. UBS Group reduced their target price on Wells Fargo & Company from $95.00 to $93.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Cowen restated a “hold” rating on shares of Wells Fargo & Company in a research report on Wednesday, October 15th. Dbs Bank raised shares of Wells Fargo & Company to a “moderate buy” rating in a research note on Tuesday, October 21st. Finally, Truist Financial upped their price target on shares of Wells Fargo & Company from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus price target of $89.57.

Wells Fargo & 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.