240,000 Shares in Wells Fargo & Company $WFC Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC acquired a new stake in Wells Fargo & Company (NYSE:WFC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 240,000 shares of the financial services provider’s stock, valued at approximately $20,117,000.

Several other institutional investors have also modified their holdings of the stock. Access Investment Management LLC acquired a new position in Wells Fargo & Company in the 2nd quarter valued at about $25,000. McElhenny Sheffield Capital Management LLC purchased a new position in Wells Fargo & Company in the second quarter valued at $27,000. Marquette Asset Management LLC raised its holdings in Wells Fargo & Company by 472.4% in the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 274 shares in the last quarter. Kilter Group LLC purchased a new stake in Wells Fargo & Company during the 2nd quarter valued at approximately $31,000. Finally, Aventus Investment Advisors Inc. purchased a new position in Wells Fargo & Company in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen cut their target price on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday. Truist Financial dropped their price objective on Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup boosted their price objective on shares of Wells Fargo & Company from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Weiss Ratings upgraded shares of Wells Fargo & Company from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target on Wells Fargo & Company from $94.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $94.87.

Read Our Latest Analysis on Wells Fargo & Company

Key Wells Fargo & Company News

Here are the key news stories impacting Wells Fargo & Company this week:

Wells Fargo & Company Stock Down 0.7%

Shares of NYSE WFC opened at $88.36 on Monday. The company has a market cap of $277.37 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.81 and a beta of 1.09. The stock has a fifty day moving average price of $90.17 and a 200 day moving average price of $84.85. Wells Fargo & Company has a 12-month low of $58.42 and a 12-month high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.05.

Wells Fargo & Company (NYSE:WFCGet Free Report) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $21.29 billion during the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. Research analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, November 7th. Wells Fargo & Company’s dividend payout ratio is 28.71%.

Wells Fargo & Company Company Profile

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including 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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