Duality Advisers LP Has $1.33 Million Stake in Wells Fargo & Company (NYSE:WFC)

Duality Advisers LP reduced its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 78.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 22,927 shares of the financial services provider’s stock after selling 83,350 shares during the period. Duality Advisers LP’s holdings in Wells Fargo & Company were worth $1,329,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Arlington Trust Co LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at about $25,000. Core Wealth Advisors Inc. acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at about $25,000. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Wells Fargo & Company by 208.0% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 356,620 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at about $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at about $32,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on WFC shares. BMO Capital Markets lifted their target price on shares of Wells Fargo & Company from $55.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday. Compass Point reissued a “neutral” rating and set a $64.00 price target on shares of Wells Fargo & Company in a report on Tuesday, April 9th. HSBC lifted their price target on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a report on Thursday, March 28th. StockNews.com raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research note on Monday, April 15th. Thirteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Wells Fargo & Company has a consensus rating of “Hold” and a consensus price target of $59.52.

Wells Fargo & Company Trading Down 5.8 %

NYSE WFC traded down $3.47 during trading on Friday, reaching $56.69. 39,433,379 shares of the stock traded hands, compared to its average volume of 18,328,154. The firm has a market cap of $197.64 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The stock’s 50-day moving average price is $59.55 and its 200 day moving average price is $55.73. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 1.14. Wells Fargo & Company has a fifty-two week low of $38.38 and a fifty-two week high of $62.55.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.08. The firm had revenue of $20.69 billion during the quarter, compared to analysts’ expectations of $20.29 billion. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 earnings per share. Analysts predict that Wells Fargo & Company will post 5.14 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Friday, May 10th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, May 9th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.23%.

Wells Fargo & Company 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.