Wells Fargo & Company $WFC Shares Purchased by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC boosted its stake in Wells Fargo & Company (NYSE:WFC) by 338.9% in the first quarter, Holdings Channel reports. The fund owned 10,279 shares of the financial services provider’s stock after buying an additional 7,937 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Wells Fargo & Company were worth $818,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of WFC. Financial Freedom LLC raised its stake in shares of Wells Fargo & Company by 23.8% during the first quarter. Financial Freedom LLC now owns 1,515 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 291 shares during the period. Main Street Research LLC boosted its stake in shares of Wells Fargo & Company by 136.2% in the first quarter. Main Street Research LLC now owns 46,882 shares of the financial services provider’s stock valued at $3,732,000 after purchasing an additional 27,036 shares during the period. Mosaic Family Wealth Partners LLC boosted its stake in shares of Wells Fargo & Company by 112.8% in the first quarter. Mosaic Family Wealth Partners LLC now owns 11,900 shares of the financial services provider’s stock valued at $947,000 after purchasing an additional 6,309 shares during the period. Griffith & Werner Inc. grew its holdings in Wells Fargo & Company by 12.1% during the 1st quarter. Griffith & Werner Inc. now owns 42,314 shares of the financial services provider’s stock valued at $3,369,000 after purchasing an additional 4,579 shares in the last quarter. Finally, CFS Investment Advisory Services LLC acquired a new stake in Wells Fargo & Company during the 1st quarter valued at $263,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WFC shares. HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Wednesday, April 1st. The Goldman Sachs Group lowered their target price on Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, KGI Securities cut Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.34.

More Wells Fargo & Company News

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

• Positive Sentiment: Analysts expect Wells Fargo’s Q2 results to benefit from stronger net interest income and fee income, which could support earnings growth when the bank reports next week.
• Positive Sentiment: Recent analyst coverage remains constructive, with Wells Fargo carrying a consensus “moderate buy” rating, helping reinforce investor confidence. Wells Fargo & Company (NYSE:WFC) Given Consensus Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Wells Fargo shares also benefited from a broader market uptrend, with the latest trading-session articles noting the stock outperformed the market overall. Wells Fargo (WFC) Beats Stock Market Upswing: What Investors Need to Know
• Neutral Sentiment: Investors are also focused on the company’s Q2 outlook and key operating metrics, but those details are mainly setting expectations rather than changing the near-term story. Unveiling Wells Fargo (WFC) Q2 Outlook: Wall Street Estimates for Key Metrics
• Negative Sentiment: One article highlighted that Wells Fargo’s savings accounts may offer very low yields, which could remind customers to move deposits elsewhere and create a mild reputational headwind. Have Savings at Chase, Wells Fargo, or Bank of America? Why You May Want to Move It

Wells Fargo & Company Stock Up 1.6%

NYSE:WFC opened at $86.91 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $265.96 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76. The stock has a 50-day simple moving average of $80.55 and a 200 day simple moving average of $84.01.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.02. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm had revenue of $11.62 billion for the quarter, compared to analysts’ expectations of $21.85 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Wells Fargo & Company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Wells Fargo & Company will post 6.99 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio is currently 27.78%.

Wells Fargo & Company Profile

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.