Wells Fargo & Company $WFC Stock Holdings Increased by Talon Private Wealth LLC

Talon Private Wealth LLC boosted its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 29.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,866 shares of the financial services provider’s stock after purchasing an additional 9,389 shares during the period. Talon Private Wealth LLC’s holdings in Wells Fargo & Company were worth $3,377,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bouchey Financial Group Ltd. increased its holdings in shares of Wells Fargo & Company by 5.9% in the second quarter. Bouchey Financial Group Ltd. now owns 8,021 shares of the financial services provider’s stock valued at $663,000 after buying an additional 445 shares in the last quarter. Capstone Financial Advisors Inc. lifted its position in shares of Wells Fargo & Company by 3.5% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,354 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 113 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Wells Fargo & Company by 0.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 301,752 shares of the financial services provider’s stock worth $24,937,000 after acquiring an additional 2,837 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Wells Fargo & Company by 5.2% during the 2nd quarter. MCF Advisors LLC now owns 12,939 shares of the financial services provider’s stock worth $1,069,000 after acquiring an additional 641 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Wells Fargo & Company in the 2nd quarter worth $16,259,000. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Stock Up 1.1%

NYSE:WFC traded up $0.97 during trading hours on Friday, hitting $90.42. 12,927,845 shares of the stock traded hands, compared to its average volume of 16,154,195. The firm has a 50 day moving average price of $87.07 and a 200 day moving average price of $82.67. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76. The firm has a market cap of $273.42 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.97 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The business had revenue of $22.62 billion during the quarter, compared to analysts’ expectations of $21.86 billion. During the same quarter last year, the firm posted $1.60 earnings per share. Wells Fargo & Company’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Wells Fargo & Company will post 7.25 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.00 annualized dividend and a yield of 2.2%. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Wells Fargo & Company from $93.50 to $95.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods decreased their price target on Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating for the company in a research report on Wednesday, July 15th. UBS Group dropped their price target on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Morgan Stanley boosted their price objective on Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Finally, Bank of America upped their price objective on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.61.

Wells Fargo & Company Profile

Wells Fargo & Company is a diversified financial services company that provides banking, lending, investment, and wealth management services to consumers, businesses, and institutions. Its offerings include checking and savings accounts, credit cards, mortgages, auto loans, personal lending, commercial financing, and treasury management services.

The company operates through businesses that include consumer and small-business banking, commercial banking, corporate and investment banking, and wealth and investment management.