Wells Fargo & Company $WFC Shares Bought by Avantra Family Wealth Inc.

Avantra Family Wealth Inc. raised its position in Wells Fargo & Company (NYSE:WFC) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,057 shares of the financial services provider’s stock after acquiring an additional 1,438 shares during the quarter. Wells Fargo & Company makes up approximately 2.1% of Avantra Family Wealth Inc.’s portfolio, making the stock its 10th biggest position. Avantra Family Wealth Inc.’s holdings in Wells Fargo & Company were worth $2,568,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC grew its position in Wells Fargo & Company by 585.5% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 322 shares in the last quarter. Motco grew its position in Wells Fargo & Company by 397.6% in the 1st quarter. Motco now owns 408 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 326 shares in the last quarter. Accent Capital Management LLC acquired a new position in Wells Fargo & Company in the 1st quarter valued at about $29,000. 1248 Management LLC acquired a new position in Wells Fargo & Company in the 1st quarter valued at about $31,000. Finally, Stone House Investment Management LLC purchased a new position in shares of Wells Fargo & Company in the 1st quarter valued at about $34,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Down 0.0%

WFC stock opened at $80.63 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.06. Wells Fargo & Company has a twelve month low of $56.80 and a twelve month high of $86.65. The company’s 50 day moving average is $80.72 and its two-hundred day moving average is $76.39. The stock has a market cap of $258.29 billion, a P/E ratio of 13.81, a PEG ratio of 1.24 and a beta of 1.25.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.13. Wells Fargo & Company had a net margin of 16.82% and a return on equity of 12.29%. The company had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter last year, the company earned $1.33 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Research analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Friday, August 8th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 8th. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. Wells Fargo & Company’s dividend payout ratio is 30.82%.

Analyst Upgrades and Downgrades

WFC has been the subject of several recent research reports. Dbs Bank upgraded Wells Fargo & Company from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Evercore ISI lifted their price objective on Wells Fargo & Company from $94.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wells Fargo & Company in a research note on Saturday, September 27th. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Phillip Securities cut Wells Fargo & Company from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.74.

Wells Fargo & Company Profile

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.