Wells Fargo & Company (NYSE:WFC) Shares Purchased by Blue Barn Wealth LLC

Blue Barn Wealth LLC increased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 5.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,812 shares of the financial services provider’s stock after purchasing an additional 315 shares during the quarter. Blue Barn Wealth LLC’s holdings in Wells Fargo & Company were worth $345,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in Wells Fargo & Company by 4.5% in the fourth quarter. Fisher Asset Management LLC now owns 25,243 shares of the financial services provider’s stock valued at $1,242,000 after acquiring an additional 1,079 shares in the last quarter. 9258 Wealth Management LLC boosted its stake in shares of Wells Fargo & Company by 4.1% during the 4th quarter. 9258 Wealth Management LLC now owns 12,972 shares of the financial services provider’s stock valued at $638,000 after buying an additional 516 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Wells Fargo & Company by 5.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 13,023 shares of the financial services provider’s stock valued at $641,000 after buying an additional 706 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Wells Fargo & Company by 19.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,465 shares of the financial services provider’s stock valued at $367,000 after buying an additional 1,232 shares during the last quarter. Finally, Gryphon Financial Partners LLC boosted its stake in shares of Wells Fargo & Company by 93.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 26,467 shares of the financial services provider’s stock valued at $1,246,000 after buying an additional 12,778 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

WFC has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday. BMO Capital Markets increased their target price on Wells Fargo & Company from $55.00 to $57.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Evercore ISI reiterated an “outperform” rating and set a $67.00 target price (down from $70.00) on shares of Wells Fargo & Company in a research note on Monday, July 15th. Morgan Stanley raised their price objective on Wells Fargo & Company from $64.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, Jefferies Financial Group cut Wells Fargo & Company to a “hold” rating and reduced their price objective for the stock from $62.00 to $59.00 in a research note on Friday, August 16th. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.41.

Wells Fargo & Company Price Performance

NYSE:WFC opened at $56.00 on Friday. Wells Fargo & Company has a 12 month low of $38.38 and a 12 month high of $62.55. The firm has a market cap of $195.23 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $57.42 and its two-hundred day moving average price is $57.87.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Wells Fargo & Company had a net margin of 15.17% and a return on equity of 12.30%. The business had revenue of $20.69 billion during the quarter, compared to the consensus estimate of $20.29 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. Wells Fargo & Company’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts anticipate that Wells Fargo & Company will post 5.15 EPS for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Friday, August 9th were given a dividend of $0.40 per share. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Friday, August 9th. Wells Fargo & Company’s dividend payout ratio is 32.85%.

About Wells Fargo & Company

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.