9,642 Shares in Wells Fargo & Company $WFC Bought by Krilogy Financial LLC

Krilogy Financial LLC bought a new stake in Wells Fargo & Company (NYSE:WFC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,642 shares of the financial services provider’s stock, valued at approximately $838,000.

Other institutional investors also recently made changes to their positions in the company. Access Investment Management LLC purchased a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $25,000. Marquette Asset Management LLC grew 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 worth $28,000 after buying an additional 274 shares during the period. Grey Fox Wealth Advisors LLC purchased a new position in Wells Fargo & Company in the third quarter valued at about $30,000. Kilter Group LLC purchased a new position in Wells Fargo & Company in the second quarter valued at about $31,000. Finally, Aventus Investment Advisors Inc. acquired a new stake in shares of Wells Fargo & Company during the 3rd quarter valued at approximately $37,000. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WFC shares. Wolfe Research restated an “outperform” rating and issued a $109.00 price target on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Dbs Bank upgraded Wells Fargo & Company to a “moderate buy” rating in a research report on Tuesday, October 21st. HSBC reissued a “hold” rating and issued a $74.00 target price on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Robert W. Baird raised Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price target for the company in a research note on Friday. Finally, TD Cowen decreased their price objective on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, January 15th. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Wells Fargo & Company presently has an average rating of “Moderate Buy” and an average price target of $97.03.

Wells Fargo & Company Stock Up 0.8%

WFC opened at $86.94 on Friday. The firm has a market cap of $272.92 billion, a P/E ratio of 13.87, a PEG ratio of 0.95 and a beta of 1.09. The business’s fifty day simple moving average is $91.80 and its 200 day simple moving average is $85.88. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $97.76. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating 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 firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $21.63 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts anticipate 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 will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio is presently 28.71%.

Wells Fargo & Company Company Profile

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.