Princeton Global Asset Management LLC Has $40,000 Holdings in Wells Fargo & Company $WFC

Princeton Global Asset Management LLC raised its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 148.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 499 shares of the financial services provider’s stock after buying an additional 298 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Wells Fargo & Company were worth $40,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Evermay Wealth Management LLC lifted its holdings in shares of Wells Fargo & Company by 4.6% during the second quarter. Evermay Wealth Management LLC now owns 9,065 shares of the financial services provider’s stock worth $726,000 after buying an additional 400 shares during the last quarter. FLC Capital Advisors lifted its holdings in shares of Wells Fargo & Company by 98.7% during the second quarter. FLC Capital Advisors now owns 5,890 shares of the financial services provider’s stock worth $472,000 after buying an additional 2,925 shares during the last quarter. Accretive Wealth Partners LLC raised its stake in shares of Wells Fargo & Company by 235.1% in the second quarter. Accretive Wealth Partners LLC now owns 18,194 shares of the financial services provider’s stock valued at $1,458,000 after purchasing an additional 12,764 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Wells Fargo & Company by 2.7% in the second quarter. Stephens Inc. AR now owns 85,836 shares of the financial services provider’s stock valued at $6,877,000 after purchasing an additional 2,224 shares in the last quarter. Finally, LMG Wealth Partners LLC raised its stake in shares of Wells Fargo & Company by 346.9% in the second quarter. LMG Wealth Partners LLC now owns 47,460 shares of the financial services provider’s stock valued at $3,802,000 after purchasing an additional 36,840 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WFC has been the subject of a number of recent research reports. Truist Financial upped their target price on Wells Fargo & Company from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Keefe, Bruyette & Woods upped their target price on Wells Fargo & Company from $85.00 to $92.00 and gave the company a “market perform” rating in a research note on Wednesday, October 15th. Barclays upped their target price on Wells Fargo & Company from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Citigroup upped their target price on Wells Fargo & Company from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.57.

Wells Fargo & Company Stock Performance

Shares of NYSE:WFC opened at $84.77 on Wednesday. The business’s fifty day moving average price is $81.49 and its two-hundred day moving average price is $77.24. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week high of $87.47. The stock has a market capitalization of $271.56 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.25. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.84 and a quick ratio of 0.84.

Wells Fargo & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Friday, August 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.61%.

About Wells Fargo & Company

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.