Sapient Capital LLC Sells 10,152 Shares of Wells Fargo & Company $WFC

Sapient Capital LLC lessened its position in Wells Fargo & Company (NYSE:WFC) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 176,500 shares of the financial services provider’s stock after selling 10,152 shares during the period. Sapient Capital LLC’s holdings in Wells Fargo & Company were worth $14,586,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Godfrey Financial Associates Inc. bought a new stake in Wells Fargo & Company during the 4th quarter worth approximately $25,000. Miller Capital Partners Inc. bought a new position in Wells Fargo & Company in the 4th quarter valued at $25,000. Navalign LLC bought a new position in Wells Fargo & Company in the 4th quarter valued at $26,000. Joseph Group Capital Management acquired a new position in Wells Fargo & Company in the fourth quarter worth $28,000. Finally, Phillip James Consulting Co. acquired a new position in Wells Fargo & Company in the first quarter worth $28,000. Institutional investors own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. UBS Group cut their price target on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Barclays reduced their price target on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods decreased their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating on the stock in a report on Wednesday, July 15th. Finally, Robert W. Baird raised their price objective on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus price target of $98.61.

Wells Fargo & Company Stock Up 0.0%

NYSE WFC opened at $87.25 on Monday. The stock has a fifty day moving average of $84.90 and a 200-day moving average of $83.03. The stock has a market capitalization of $263.86 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. The company had revenue of $22.62 billion during the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 earnings per share. On average, equities research analysts forecast that Wells Fargo & Company will post 7.26 EPS for the current year.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.00 annualized dividend and a yield of 2.3%. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.07%.

About Wells Fargo & Company

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.