8,462 Shares in Wells Fargo & Company (NYSE:WFC) Purchased by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC acquired a new position in Wells Fargo & Company (NYSE:WFC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,462 shares of the financial services provider’s stock, valued at approximately $478,000.

Several other institutional investors also recently bought and sold shares of the company. Trustmark National Bank Trust Department boosted its holdings in shares of Wells Fargo & Company by 5.9% during the 1st quarter. Trustmark National Bank Trust Department now owns 5,807 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 324 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in shares of Wells Fargo & Company during the 1st quarter worth approximately $3,060,000. Lake Street Advisors Group LLC boosted its holdings in shares of Wells Fargo & Company by 98.9% during the 1st quarter. Lake Street Advisors Group LLC now owns 24,921 shares of the financial services provider’s stock worth $1,444,000 after purchasing an additional 12,394 shares during the last quarter. Oxford Financial Group LTD. LLC boosted its holdings in shares of Wells Fargo & Company by 7.4% during the 1st quarter. Oxford Financial Group LTD. LLC now owns 5,115 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 354 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Wells Fargo & Company by 76.9% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,679,000 shares of the financial services provider’s stock worth $97,315,000 after purchasing an additional 730,000 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Down 0.2 %

Shares of Wells Fargo & Company stock traded down $0.13 during trading hours on Monday, reaching $74.21. 1,224,246 shares of the company were exchanged, compared to its average volume of 18,050,549. Wells Fargo & Company has a 1 year low of $42.15 and a 1 year high of $74.68. The stock’s fifty day moving average is $61.17 and its 200 day moving average is $59.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $247.08 billion, a PE ratio of 15.46, a PEG ratio of 1.55 and a beta of 1.14.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The business had revenue of $20.37 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the company earned $1.39 earnings per share. The company’s revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Wells Fargo & Company will post 5.42 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 8th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, November 8th. Wells Fargo & Company’s dividend payout ratio is currently 33.26%.

Analyst Ratings Changes

WFC has been the topic of several recent research reports. Morgan Stanley lowered their target price on Wells Fargo & Company from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. Phillip Securities raised shares of Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and lifted their price target for the company from $60.83 to $65.00 in a research report on Tuesday, October 15th. Evercore ISI lifted their price target on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lowered shares of Wells Fargo & Company to a “hold” rating and reduced their price target for the company from $62.00 to $59.00 in a research report on Friday, August 16th. Finally, Piper Sandler lifted their price target on shares of Wells Fargo & Company from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.12.

Insider Transactions at Wells Fargo & Company

In related news, EVP Ather Williams III sold 60,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $63.70, for a total transaction of $3,822,000.00. Following the completion of the transaction, the executive vice president now owns 163,610 shares in the company, valued at approximately $10,421,957. The trade was a 26.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Beurden Saul Van sold 35,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $61.99, for a total transaction of $2,169,650.00. Following the transaction, the executive vice president now owns 126,687 shares of the company’s stock, valued at approximately $7,853,327.13. The trade was a 21.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

Wells Fargo & Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.