Wealthstream Advisors Inc. Boosts Stock Holdings in Wells Fargo & Company $WFC

Wealthstream Advisors Inc. grew its position in shares of Wells Fargo & Company (NYSE:WFC) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,934 shares of the financial services provider’s stock after acquiring an additional 650 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Wells Fargo & Company were worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Wealth Management Partners LLC boosted its holdings in Wells Fargo & Company by 3.5% during the 2nd quarter. Wealth Management Partners LLC now owns 3,805 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 128 shares during the last quarter. Verum Partners LLC boosted its holdings in Wells Fargo & Company by 1.8% during the 2nd quarter. Verum Partners LLC now owns 7,265 shares of the financial services provider’s stock worth $582,000 after acquiring an additional 128 shares during the last quarter. Motive Wealth Advisors boosted its holdings in Wells Fargo & Company by 3.7% during the 2nd quarter. Motive Wealth Advisors now owns 3,655 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 129 shares during the last quarter. Vivid Wealth Management LLC boosted its holdings in Wells Fargo & Company by 0.8% during the 2nd quarter. Vivid Wealth Management LLC now owns 17,243 shares of the financial services provider’s stock worth $1,381,000 after acquiring an additional 133 shares during the last quarter. Finally, Lynch & Associates IN boosted its holdings in Wells Fargo & Company by 2.0% during the 2nd quarter. Lynch & Associates IN now owns 6,729 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 135 shares during the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WFC shares. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Bank of America lifted their target price on Wells Fargo & Company from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group lowered their target price on Wells Fargo & Company from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods lifted their target price on Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Piper Sandler reiterated an “overweight” rating on shares of Wells Fargo & Company in a research note on Tuesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and an average price target of $89.57.

Wells Fargo & Company Trading Down 0.9%

Shares of Wells Fargo & Company stock opened at $83.25 on Friday. Wells Fargo & Company has a 52-week low of $58.42 and a 52-week high of $87.47. The stock’s 50-day simple moving average is $81.21 and its 200 day simple moving average is $76.93. The stock has a market capitalization of $266.70 billion, a P/E ratio of 13.69, a P/E/G ratio of 1.15 and a beta of 1.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.83 and a current ratio of 0.84.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 8th were paid a $0.45 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.40. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.61%.

Wells Fargo & Company 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.