Diversified Trust Co Has $5.87 Million Stake in Wells Fargo & Company $WFC

Diversified Trust Co lifted its position in Wells Fargo & Company (NYSE:WFC) by 108.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,685 shares of the financial services provider’s stock after buying an additional 38,400 shares during the quarter. Diversified Trust Co’s holdings in Wells Fargo & Company were worth $5,866,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new stake in Wells Fargo & Company in the fourth quarter valued at approximately $25,000. Miller Capital Partners Inc. bought a new stake in Wells Fargo & Company in the fourth quarter worth approximately $25,000. Navalign LLC acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth $26,000. Joseph Group Capital Management acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth $28,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth $29,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Shares of Wells Fargo & Company stock opened at $82.31 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $251.89 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The firm has a fifty day moving average price of $79.70 and a two-hundred day moving average price of $84.59. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.02. The company had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 EPS. Analysts expect that Wells Fargo & Company will post 6.86 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. Wells Fargo & Company’s dividend payout ratio (DPR) is 27.78%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Monday, April 20th. Truist Financial lowered their target price on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Wall Street Zen raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Evercore restated an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. Finally, Jefferies Financial Group began coverage on Wells Fargo & Company in a research report on Thursday, March 26th. They issued a “buy” rating and a $100.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Wells Fargo & Company currently has a consensus rating of “Moderate Buy” and an average target price of $98.24.

Wells Fargo & 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.