Wells Fargo & Company $WFC Shares Bought by Diversified Trust Co.

Diversified Trust Co. grew its position in Wells Fargo & Company (NYSE:WFC) by 59.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,285 shares of the financial services provider’s stock after purchasing an additional 13,196 shares during the quarter. Diversified Trust Co.’s holdings in Wells Fargo & Company were worth $3,289,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in WFC. Charles Schwab Trust Co purchased a new position in Wells Fargo & Company during the 4th quarter worth $206,000. FOCUS Wealth Advisors LLC raised its stake in Wells Fargo & Company by 1.0% in the fourth quarter. FOCUS Wealth Advisors LLC now owns 25,720 shares of the financial services provider’s stock valued at $2,397,000 after buying an additional 254 shares during the last quarter. Affinity Capital Advisors LLC boosted its holdings in Wells Fargo & Company by 16.5% in the fourth quarter. Affinity Capital Advisors LLC now owns 3,268 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 463 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in Wells Fargo & Company by 75.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 10,344 shares of the financial services provider’s stock worth $964,000 after acquiring an additional 4,456 shares in the last quarter. Finally, Independence Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company during the fourth quarter worth about $281,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $87.72, for a total value of $2,193,000.00. Following the completion of the transaction, the executive vice president directly owned 79,876 shares of the company’s stock, valued at approximately $7,006,722.72. The trade was a 23.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bridget E. Engle sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the completion of the sale, the executive vice president owned 83,478 shares in the company, valued at approximately $7,270,933.80. This represents a 26.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 115,000 shares of company stock worth $10,050,000. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Wells Fargo & Company in a report on Thursday, January 15th. HSBC reissued a “hold” rating and set a $74.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. CICC Research began coverage on shares of Wells Fargo & Company in a research note on Wednesday, January 14th. They set a “market perform” rating and a $96.00 price target on the stock. Argus raised their price target on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Finally, Freedom Capital downgraded shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.82.

Wells Fargo & Company Price Performance

NYSE:WFC opened at $79.61 on Wednesday. The firm’s fifty day moving average is $85.17 and its two-hundred day moving average is $86.32. The firm has a market cap of $245.64 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.85 and a beta of 1.08. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90. Wells Fargo & Company has a one year low of $58.42 and a one year high of $97.76.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $21.29 billion during the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. Research analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 6th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 28.71%.

About Wells Fargo & Company

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.