81,343 Shares in Wells Fargo & Company (NYSE:WFC) Acquired by B. Metzler seel. Sohn & Co. Holding AG


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B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Wells Fargo & Company (NYSE:WFC) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 81,343 shares of the financial services provider’s stock, valued at approximately $2,420,000.

Other hedge funds also recently bought and sold shares of the company. Hoover Financial Advisors Inc. bought a new position in Wells Fargo & Company during the fourth quarter valued at approximately $30,000. RMR Wealth Builders bought a new position in Wells Fargo & Company during the fourth quarter valued at approximately $30,000. Flagship Private Wealth LLC bought a new position in Wells Fargo & Company during the fourth quarter valued at approximately $31,000. Key Financial Inc bought a new position in Wells Fargo & Company during the fourth quarter valued at approximately $31,000. Finally, Safeguard Investment Advisory Group LLC bought a new position in Wells Fargo & Company during the fourth quarter valued at approximately $34,000. Institutional investors own 67.25% of the company’s stock.

Shares of Wells Fargo & Company stock opened at $39.99 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $165.32 billion, a P/E ratio of 108.08, a P/E/G ratio of 4.84 and a beta of 1.07. The business has a fifty day simple moving average of $38.49 and a two-hundred day simple moving average of $30.39. Wells Fargo & Company has a 12 month low of $20.76 and a 12 month high of $41.54.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Thursday, January 14th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. The business had revenue of $17.93 billion during the quarter, compared to analyst estimates of $18 billion. Wells Fargo & Company had a return on equity of 3.18% and a net margin of 3.72%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. Analysts predict that Wells Fargo & Company will post 0.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Friday, February 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.00%. The ex-dividend date was Thursday, February 4th. Wells Fargo & Company’s dividend payout ratio is currently 9.13%.

WFC has been the subject of a number of analyst reports. Oppenheimer reissued a “hold” rating on shares of Wells Fargo & Company in a research note on Tuesday, January 19th. Credit Suisse Group raised Wells Fargo & Company from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $35.00 to $40.00 in a research note on Monday, January 25th. UBS Group raised Wells Fargo & Company from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 12th. Seaport Global Securities raised Wells Fargo & Company from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, January 19th. Finally, Zacks Investment Research raised Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Thursday, January 21st. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Wells Fargo & Company has a consensus rating of “Buy” and a consensus target price of $35.00.

About Wells Fargo & Company

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals, businesses, and institutions in the United States and internationally. It operates in three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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

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