Wells Fargo & Company $WFC Shares Sold by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc lessened its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 83.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,330 shares of the financial services provider’s stock after selling 30,951 shares during the quarter. Grant Private Wealth Management Inc’s holdings in Wells Fargo & Company were worth $531,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Traphagen Investment Advisors LLC lifted its holdings in Wells Fargo & Company by 2.0% during the 3rd quarter. Traphagen Investment Advisors LLC now owns 6,346 shares of the financial services provider’s stock worth $532,000 after buying an additional 127 shares in the last quarter. Wealth Management Partners LLC increased its position in shares of Wells Fargo & Company by 3.5% during the second quarter. Wealth Management Partners LLC now owns 3,805 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 128 shares during the period. Verum Partners LLC raised its stake in shares of Wells Fargo & Company by 1.8% in the second quarter. Verum Partners LLC now owns 7,265 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 128 shares in the last quarter. Motive Wealth Advisors raised its stake in shares of Wells Fargo & Company by 3.7% in the second quarter. Motive Wealth Advisors now owns 3,655 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 129 shares in the last quarter. Finally, Exencial Wealth Advisors LLC boosted its holdings in Wells Fargo & Company by 0.7% in the second quarter. Exencial Wealth Advisors LLC now owns 18,009 shares of the financial services provider’s stock valued at $1,443,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $92.17 on Wednesday. The company has a market capitalization of $289.34 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.11. Wells Fargo & Company has a 52-week low of $58.42 and a 52-week high of $94.26. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.07. The stock has a 50 day moving average price of $85.98 and a 200 day moving average price of $82.05.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.18. The business had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.11 billion. Wells Fargo & Company had a net margin of 17.18% and a return on equity of 12.51%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 EPS. Research analysts predict 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 was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were issued a dividend of $0.45 per share. 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 dividend payout ratio (DPR) is presently 29.61%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WFC. Morgan Stanley upped their price target on Wells Fargo & Company from $95.00 to $97.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Cowen reaffirmed a “hold” rating on shares of Wells Fargo & Company in a report on Wednesday, October 15th. Barclays boosted their price target on shares of Wells Fargo & Company from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Evercore ISI raised their price objective on shares of Wells Fargo & Company from $101.00 to $107.00 and gave the company an “outperform” rating in a report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and an average target price of $90.68.

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.