Wells Fargo & Company (WFC) Shares Bought by RFG Advisory Group LLC
RFG Advisory Group LLC increased its position in Wells Fargo & Company (NYSE:WFC) by 126.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,861 shares of the financial services provider’s stock after purchasing an additional 12,750 shares during the quarter. RFG Advisory Group LLC’s holdings in Wells Fargo & were worth $1,268,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brick & Kyle Associates lifted its stake in shares of Wells Fargo & by 9.5% in the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 162 shares during the period. Stelac Advisory Services LLC purchased a new position in shares of Wells Fargo & in the 2nd quarter valued at approximately $104,000. Delphi Private Advisors LLC lifted its stake in shares of Wells Fargo & by 262.8% in the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,461 shares during the period. Clear Investment Research LLC purchased a new position in shares of Wells Fargo & in the 2nd quarter valued at approximately $121,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of Wells Fargo & in the 1st quarter valued at approximately $124,000. Institutional investors own 75.04% of the company’s stock.
Shares of Wells Fargo & Company (WFC) opened at $53.81 on Monday. Wells Fargo & Company has a fifty-two week low of $49.27 and a fifty-two week high of $59.99. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $265,170.00, a PE ratio of 13.00, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97.
Wells Fargo & (NYSE:WFC) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.20). Wells Fargo & had a net margin of 22.00% and a return on equity of 12.59%. The company had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. equities research analysts expect that Wells Fargo & Company will post 3.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, November 2nd. Wells Fargo &’s dividend payout ratio is presently 40.31%.
WFC has been the subject of a number of research analyst reports. Vetr cut Wells Fargo & from a “hold” rating to a “sell” rating and set a $54.49 target price for the company. in a research note on Thursday, November 2nd. UBS AG restated a “neutral” rating and issued a $56.00 target price (down previously from $59.00) on shares of Wells Fargo & in a research note on Friday, September 15th. Zacks Investment Research upgraded Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Piper Jaffray Companies restated a “neutral” rating and issued a $50.00 target price (down previously from $52.00) on shares of Wells Fargo & in a research note on Wednesday, September 13th. Finally, Berenberg Bank cut Wells Fargo & from a “hold” rating to a “sell” rating and lifted their price objective for the company from $35.00 to $45.00 in a research note on Friday, July 21st. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.20.
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Wells Fargo & Profile
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.
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