Mcdonald Capital Investors Inc. CA Sells 18,096 Shares of Wells Fargo & Company $WFC

Mcdonald Capital Investors Inc. CA decreased its holdings in shares of Wells Fargo & Company (NYSE:WFCFree Report) by 2.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 743,838 shares of the financial services provider’s stock after selling 18,096 shares during the quarter. Wells Fargo & Company accounts for about 3.9% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 12th biggest position. Mcdonald Capital Investors Inc. CA’s holdings in Wells Fargo & Company were worth $62,349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alteri Wealth LLC boosted its holdings in Wells Fargo & Company by 2.2% during the 3rd quarter. Alteri Wealth LLC now owns 16,362 shares of the financial services provider’s stock valued at $1,371,000 after acquiring an additional 348 shares during the period. Koshinski Asset Management Inc. increased its stake in Wells Fargo & Company by 11.3% in the third quarter. Koshinski Asset Management Inc. now owns 13,972 shares of the financial services provider’s stock worth $1,171,000 after purchasing an additional 1,422 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Wells Fargo & Company by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 84,293 shares of the financial services provider’s stock worth $7,065,000 after purchasing an additional 1,911 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Wells Fargo & Company by 2.5% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 1,027,600 shares of the financial services provider’s stock valued at $86,133,000 after purchasing an additional 24,875 shares during the period. Finally, Princeton Capital Management LLC boosted its stake in shares of Wells Fargo & Company by 7.3% during the third quarter. Princeton Capital Management LLC now owns 3,623 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 245 shares during the period. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction dated 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 transaction, the executive vice president owned 79,876 shares in the company, valued at $7,006,722.72. The trade was a 23.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by company insiders.

Wells Fargo & Company News Summary

Here are the key news stories impacting Wells Fargo & Company this week:

Wells Fargo & Company Stock Performance

Shares of WFC stock opened at $88.61 on Monday. The firm has a market cap of $278.17 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.97 and a beta of 1.09. 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. The company’s 50 day moving average is $91.49 and its 200 day moving average is $86.26.

Wells Fargo & Company (NYSE:WFCGet Free Report) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company had revenue of $11.97 billion during the quarter, compared to analyst estimates of $21.63 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. Wells Fargo & Company’s revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.0%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

Analysts Set New Price Targets

Several research firms recently commented on WFC. Truist Financial reduced their price target on shares of Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. UBS Group reaffirmed a “buy” rating and set a $113.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Wolfe Research reiterated an “outperform” rating and issued a $109.00 price target on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Evercore dropped their price objective on Wells Fargo & Company from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Finally, Barclays lifted their target price on Wells Fargo & Company from $94.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.03.

Check Out Our Latest Stock Report on Wells Fargo & Company

Wells Fargo & Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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