HFG Advisors Inc. Has $229,000 Holdings in Wells Fargo & Company (NYSE:WFC)

HFG Advisors Inc. lessened its stake in Wells Fargo & Company (NYSE:WFC) by 9.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,953 shares of the financial services provider’s stock after selling 397 shares during the quarter. HFG Advisors Inc.’s holdings in Wells Fargo & Company were worth $229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Core Wealth Advisors Inc. acquired a new position in Wells Fargo & Company in the fourth quarter valued at about $25,000. Arlington Trust Co LLC bought a new position in Wells Fargo & Company in the fourth quarter valued at about $25,000. Tennessee Valley Asset Management Partners bought a new position in Wells Fargo & Company in the fourth quarter valued at about $29,000. Fortis Group Advisors LLC bought a new position in Wells Fargo & Company in the third quarter valued at about $25,000. Finally, Transcendent Capital Group LLC bought a new position in Wells Fargo & Company in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Trading Up 1.8 %

WFC traded up $1.05 during trading on Monday, hitting $60.44. The company’s stock had a trading volume of 7,889,611 shares, compared to its average volume of 18,482,270. Wells Fargo & Company has a twelve month low of $38.38 and a twelve month high of $62.55. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 1.14. The stock’s fifty day moving average price is $59.55 and its 200-day moving average price is $55.15. The firm has a market capitalization of $210.71 billion, a P/E ratio of 12.61, a PEG ratio of 1.46 and a beta of 1.17.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The firm had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. Analysts anticipate that Wells Fargo & Company will post 5.14 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Friday, May 10th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.32%. The ex-dividend date was Thursday, May 9th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.23%.

Analyst Upgrades and Downgrades

WFC has been the topic of a number of recent analyst reports. Argus lifted their target price on Wells Fargo & Company from $57.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, April 15th. StockNews.com upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Monday, April 15th. The Goldman Sachs Group boosted their price target on Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $62.00 price target (up from $56.00) on shares of Wells Fargo & Company in a report on Wednesday, March 27th. Finally, Oppenheimer restated a “market perform” rating on shares of Wells Fargo & Company in a report on Monday, April 15th. Fourteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.15.

Wells Fargo & Company Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.