Wells Fargo & Company $WFC Stake Boosted by Amundi

Amundi lifted its stake in Wells Fargo & Company (NYSE:WFC) by 18.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,155,753 shares of the financial services provider’s stock after acquiring an additional 2,180,693 shares during the quarter. Amundi owned approximately 0.44% of Wells Fargo & Company worth $1,165,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Wells Fargo & Company by 10.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 758,376 shares of the financial services provider’s stock worth $54,471,000 after purchasing an additional 71,740 shares in the last quarter. Three Bridge Wealth Advisors LLC acquired a new stake in Wells Fargo & Company during the second quarter valued at approximately $364,000. NatWest Group plc grew its stake in shares of Wells Fargo & Company by 4.6% in the 1st quarter. NatWest Group plc now owns 180,418 shares of the financial services provider’s stock valued at $12,952,000 after purchasing an additional 7,934 shares during the period. Board of the Pension Protection Fund acquired a new position in shares of Wells Fargo & Company in the 2nd quarter worth approximately $40,000. Finally, Truvestments Capital LLC lifted its position in shares of Wells Fargo & Company by 4,148.2% during the 1st quarter. Truvestments Capital LLC now owns 30,332 shares of the financial services provider’s stock worth $2,178,000 after buying an additional 29,618 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Trading Up 0.9%

NYSE:WFC opened at $90.13 on Friday. Wells Fargo & Company has a 1-year low of $58.42 and a 1-year high of $90.63. The business’s 50-day moving average price is $84.53 and its two-hundred day moving average price is $80.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $282.93 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.92 and a beta of 1.11.

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

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.0%. Wells Fargo & Company’s payout ratio is 29.61%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WFC shares. Cfra Research upgraded Wells Fargo & Company to a “moderate buy” rating in a research note on Wednesday, October 15th. Evercore ISI upped their target price on shares of Wells Fargo & Company from $94.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. UBS Group cut their price target on shares of Wells Fargo & Company from $95.00 to $93.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Barclays boosted their price target on shares of Wells Fargo & Company from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings raised shares of Wells Fargo & Company from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently 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.