Exencial Wealth Advisors LLC Acquires 131 Shares of Wells Fargo & Company $WFC

Exencial Wealth Advisors LLC grew its stake in shares of Wells Fargo & Company (NYSE:WFC) by 0.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,009 shares of the financial services provider’s stock after purchasing an additional 131 shares during the period. Exencial Wealth Advisors LLC’s holdings in Wells Fargo & Company were worth $1,443,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of WFC. Cookson Peirce & Co. Inc. bought a new position in shares of Wells Fargo & Company in the second quarter valued at approximately $229,000. Brookstone Capital Management grew its holdings in Wells Fargo & Company by 8.4% during the second quarter. Brookstone Capital Management now owns 44,038 shares of the financial services provider’s stock worth $3,528,000 after buying an additional 3,408 shares in the last quarter. Jacobsen Capital Management raised its position in Wells Fargo & Company by 12.5% in the 2nd quarter. Jacobsen Capital Management now owns 6,192 shares of the financial services provider’s stock valued at $496,000 after buying an additional 688 shares during the last quarter. Blume Capital Management Inc. lifted its stake in Wells Fargo & Company by 1.7% during the 2nd quarter. Blume Capital Management Inc. now owns 127,711 shares of the financial services provider’s stock valued at $10,232,000 after acquiring an additional 2,087 shares in the last quarter. Finally, Gables Capital Management Inc. lifted its stake in Wells Fargo & Company by 6.8% during the 2nd quarter. Gables Capital Management Inc. now owns 2,350 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 150 shares in the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wells Fargo & Company Stock Performance

Shares of WFC stock opened at $84.35 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $270.22 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.15 and a beta of 1.25. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $87.47. The firm’s 50-day simple moving average is $81.71 and its two-hundred day simple moving average is $77.44.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.11. The business had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.11 billion. Wells Fargo & Company had a return on equity of 12.51% and a net margin of 17.18%.Wells Fargo & Company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 earnings per share. As a group, equities analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current year.

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 2.1%. 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%.

Analyst Upgrades and Downgrades

WFC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 15th. Weiss Ratings upgraded shares of Wells Fargo & Company from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, October 8th. UBS Group decreased their price objective on shares of Wells Fargo & Company from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Cfra Research raised shares of Wells Fargo & Company to a “moderate buy” rating in a research report on Wednesday, October 15th. Finally, Evercore ISI boosted their target price on Wells Fargo & Company from $94.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.57.

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.