Temasek Holdings Private Ltd Purchases 137,949 Shares of Wells Fargo & Company $WFC

Temasek Holdings Private Ltd raised its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,661,772 shares of the financial services provider’s stock after buying an additional 137,949 shares during the period. Temasek Holdings Private Ltd’s holdings in Wells Fargo & Company were worth $132,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WFC. Godfrey Financial Associates Inc. bought a new stake in shares of 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 bought a new position in Wells Fargo & Company in the 4th quarter valued at $28,000. Finally, Core Wealth Advisors LLC purchased a new stake in Wells Fargo & Company in the fourth quarter worth $29,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Shares of WFC stock opened at $87.59 on Wednesday. Wells Fargo & Company has a twelve month low of $72.78 and a twelve month high of $97.76. The stock has a market capitalization of $268.04 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.95 and a beta of 0.92. The stock has a fifty day simple moving average of $81.95 and a two-hundred day simple moving average of $83.59. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, May 8th. Wells Fargo & Company’s payout ratio is presently 26.16%.

Analyst Ratings Changes

Several research firms have recently weighed in on WFC. HSBC upgraded Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, April 1st. Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. Morgan Stanley lifted their price objective on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday. Finally, KGI Securities downgraded shares of Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and a consensus price target of $98.50.

View Our Latest Stock Analysis on WFC

Key Wells Fargo & Company News

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Wells Fargo & Company Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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