Danica Pension Livsforsikringsaktieselskab Buys Shares of 201,378 Wells Fargo & Company $WFC

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Wells Fargo & Company (NYSE:WFC) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 201,378 shares of the financial services provider’s stock, valued at approximately $16,032,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WFC. Godfrey Financial Associates Inc. purchased a new position in Wells Fargo & Company in the fourth quarter worth approximately $25,000. Miller Capital Partners Inc. purchased a new stake in Wells Fargo & Company in the fourth quarter valued at $25,000. Navalign LLC purchased a new stake in Wells Fargo & Company in the fourth quarter valued at $26,000. Joseph Group Capital Management acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at $28,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on WFC shares. Raymond James Financial restated a “market perform” rating on shares of Wells Fargo & Company in a report on Tuesday, July 14th. Piper Sandler reaffirmed an “overweight” rating and set a $94.00 target price (down from $100.00) on shares of Wells Fargo & Company in a research note on Wednesday, April 15th. KGI Securities lowered shares of Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Bank of America lifted their price target on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.50.

Check Out Our Latest Research Report on Wells Fargo & Company

Wells Fargo & Company Stock Performance

Shares of WFC stock opened at $87.59 on Wednesday. The firm has a 50 day moving average of $81.95 and a two-hundred day moving average of $83.59. The stock has a market capitalization of $268.04 billion, a PE ratio of 12.73, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were paid 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 dividend payout ratio (DPR) is presently 26.16%.

Key Headlines Impacting Wells Fargo & Company

Here are the key news stories impacting Wells Fargo & Company this week:

Wells Fargo & 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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