Wells Fargo & Company $WFC Stock Position Raised by Arkadios Wealth Advisors

Arkadios Wealth Advisors increased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 65.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,622 shares of the financial services provider’s stock after acquiring an additional 17,223 shares during the quarter. Arkadios Wealth Advisors’ holdings in Wells Fargo & Company were worth $3,656,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WFC. Access Investment Management LLC acquired a new stake in shares of Wells Fargo & Company during the 2nd quarter worth approximately $25,000. McElhenny Sheffield Capital Management LLC bought a new position in Wells Fargo & Company during the 2nd quarter worth $27,000. Marquette Asset Management LLC increased its position in Wells Fargo & Company by 472.4% in the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after buying an additional 274 shares during the period. Kilter Group LLC bought a new stake in Wells Fargo & Company in the second quarter valued at $31,000. Finally, Aventus Investment Advisors Inc. bought a new stake in Wells Fargo & Company in the third quarter valued at $37,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company News Summary

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

Wells Fargo & Company Trading Down 0.6%

Wells Fargo & Company stock opened at $86.14 on Thursday. The firm has a market cap of $270.38 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.80 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’s 50 day moving average price is $90.22 and its two-hundred day moving average price is $84.92. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFCGet Free Report) last released its quarterly earnings data 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 return on equity of 12.90% and a net margin of 17.27%.The business had revenue of $21.29 billion during the quarter, compared to analyst estimates of $21.63 billion. During the same period last year, the company posted $1.43 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. On average, 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 paid a dividend of $0.45 per share. 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 2.1%. Wells Fargo & Company’s dividend payout ratio is currently 28.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WFC shares. Weiss Ratings upgraded shares of Wells Fargo & Company from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, October 8th. Argus upped their target price on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Wolfe Research restated an “outperform” rating and issued a $109.00 price target on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. CICC Research started coverage on Wells Fargo & Company in a research report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their price objective on Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a report on Wednesday, December 17th. Thirteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.87.

Get Our Latest Stock Analysis on Wells Fargo & Company

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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