Wells Fargo & Company (NYSE:WFC) Shares Purchased by Lindbrook Capital LLC


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Lindbrook Capital LLC boosted its position in Wells Fargo & Company (NYSE:WFC) by 14.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,820 shares of the financial services provider’s stock after purchasing an additional 1,131 shares during the quarter. Lindbrook Capital LLC’s holdings in Wells Fargo & Company were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in Wells Fargo & Company by 17.7% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,766 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 266 shares during the last quarter. Tributary Capital Management LLC raised its stake in Wells Fargo & Company by 3.4% in the 1st quarter. Tributary Capital Management LLC now owns 9,100 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 300 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Wells Fargo & Company by 10.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,575 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 325 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Wells Fargo & Company by 0.5% during the 1st quarter. Stratos Wealth Partners LTD. now owns 63,774 shares of the financial services provider’s stock valued at $2,492,000 after acquiring an additional 343 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in shares of Wells Fargo & Company by 0.4% during the 1st quarter. DAVENPORT & Co LLC now owns 79,239 shares of the financial services provider’s stock valued at $3,096,000 after acquiring an additional 343 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

NYSE:WFC opened at $45.48 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 1.34. Wells Fargo & Company has a 1-year low of $20.76 and a 1-year high of $46.39. The firm has a market capitalization of $188.02 billion, a price-to-earnings ratio of 122.92, a price-to-earnings-growth ratio of 4.84 and a beta of 1.07. The stock has a fifty day simple moving average of $41.29 and a 200 day simple moving average of $32.85.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Tuesday, April 13th. The financial services provider reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.36. Wells Fargo & Company had a return on equity of 3.18% and a net margin of 3.72%. The business had revenue of $18.06 billion during the quarter, compared to analyst estimates of $17.42 billion. During the same quarter last year, the company posted $0.01 EPS. Wells Fargo & Company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts predict that Wells Fargo & Company will post 0.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 7th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.88%. Wells Fargo & Company’s dividend payout ratio (DPR) is 9.13%.

WFC has been the subject of a number of analyst reports. Barclays upped their price target on Wells Fargo & Company from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, April 15th. Morgan Stanley upped their price target on Wells Fargo & Company from $47.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 21st. Deutsche Bank Aktiengesellschaft upped their price target on Wells Fargo & Company from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, April 26th. DA Davidson upped their price target on Wells Fargo & Company from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, January 19th. Finally, Royal Bank of Canada upped their price target on Wells Fargo & Company from $34.00 to $40.00 in a report on Thursday, April 15th. Nine equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.83.

Wells Fargo & Company Profile

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: 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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