Wells Fargo & Company (NYSE:WFC) Shares Bought by 1834 Investment Advisors Co.

1834 Investment Advisors Co. raised its position in Wells Fargo & Company (NYSE:WFC) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,306 shares of the financial services provider’s stock after purchasing an additional 1,963 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Wells Fargo & Company were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Fruth Investment Management boosted its holdings in shares of Wells Fargo & Company by 3.2% in the first quarter. Fruth Investment Management now owns 6,518 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 200 shares in the last quarter. Lazari Capital Management Inc. boosted its holdings in shares of Wells Fargo & Company by 0.9% in the fourth quarter. Lazari Capital Management Inc. now owns 22,804 shares of the financial services provider’s stock valued at $1,122,000 after acquiring an additional 202 shares in the last quarter. Webster Bank N. A. boosted its holdings in shares of Wells Fargo & Company by 2.0% in the first quarter. Webster Bank N. A. now owns 10,153 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 202 shares in the last quarter. First Financial Corp IN boosted its holdings in Wells Fargo & Company by 4.9% during the fourth quarter. First Financial Corp IN now owns 4,595 shares of the financial services provider’s stock worth $226,000 after buying an additional 214 shares in the last quarter. Finally, CX Institutional grew its position in Wells Fargo & Company by 1.1% in the fourth quarter. CX Institutional now owns 20,280 shares of the financial services provider’s stock worth $998,000 after buying an additional 217 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Evercore ISI lifted their price target on shares of Wells Fargo & Company from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. The Goldman Sachs Group lifted their price target on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 27th. JPMorgan Chase & Co. lifted their price target on shares of Wells Fargo & Company from $59.00 to $61.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Citigroup reiterated a “neutral” rating and set a $63.00 price objective (up from $57.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 20th. Fourteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $59.36.

Wells Fargo & Company Stock Performance

Shares of NYSE:WFC traded down $1.04 on Friday, hitting $59.62. 11,436,349 shares of the company were exchanged, compared to its average volume of 17,654,424. The company’s 50 day moving average price is $59.54 and its two-hundred day moving average price is $55.44. Wells Fargo & Company has a one year low of $38.38 and a one year high of $62.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market capitalization of $207.85 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.49 and a beta of 1.17.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The company had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The business’s revenue was up .6% compared to the same quarter last year. Research analysts expect that Wells Fargo & Company will post 5.15 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Friday, May 10th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.35%. Wells Fargo & Company’s payout ratio is currently 29.23%.

Wells Fargo & 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.