Courier Capital LLC Grows Stock Holdings in Wells Fargo & Company $WFC

Courier Capital LLC boosted its stake in shares of Wells Fargo & Company (NYSE:WFCFree Report) by 53.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,074 shares of the financial services provider’s stock after purchasing an additional 10,127 shares during the period. Courier Capital LLC’s holdings in Wells Fargo & Company were worth $2,437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WFC. Access Investment Management LLC bought a new position in shares of Wells Fargo & Company during the 2nd quarter valued at $25,000. Marquette Asset Management LLC increased its position in Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 274 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new stake in Wells Fargo & Company during the second quarter valued at $27,000. Kilter Group LLC bought a new position in Wells Fargo & Company in the second quarter valued at about $31,000. Finally, Aventus Investment Advisors Inc. purchased a new position in Wells Fargo & Company in the third quarter worth about $37,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WFC shares. Wolfe Research reaffirmed an “outperform” rating and set a $109.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Argus upped their target price on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of Wells Fargo & Company in a research report on Thursday, January 15th. Bank of America boosted their price objective on shares of Wells Fargo & Company from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Cowen reaffirmed a “hold” rating on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Thirteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $94.87.

Read Our Latest Research Report on WFC

Wells Fargo & Company Stock Performance

Shares of NYSE WFC opened at $88.36 on Tuesday. The stock has a market cap of $277.37 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.09. Wells Fargo & Company has a 1 year low of $58.42 and a 1 year high of $97.76. The firm has a fifty day moving average price of $90.21 and a 200-day moving average price of $84.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.84.

Wells Fargo & Company (NYSE:WFCGet Free Report) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company had revenue of $21.29 billion during the quarter, compared to the consensus estimate of $21.63 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. Wells Fargo & Company’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors 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 dividend on an annualized basis and a yield of 2.0%. Wells Fargo & Company’s payout ratio is currently 28.71%.

Key Stories Impacting Wells Fargo & Company

Here are the key news stories impacting Wells Fargo & Company this week:

Wells Fargo & Company Profile

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including 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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