StrategIQ Financial Group LLC Makes New $206,000 Investment in Wells Fargo & Company (NYSE:WFC)

StrategIQ Financial Group LLC acquired a new position in shares of Wells Fargo & Company (NYSE:WFC) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 4,297 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other large investors have also recently bought and sold shares of WFC. Atwood & Palmer Inc. grew its position in shares of Wells Fargo & Company by 4.9% in the third quarter. Atwood & Palmer Inc. now owns 10,707 shares of the financial services provider’s stock valued at $497,000 after purchasing an additional 500 shares in the last quarter. Moloney Securities Asset Management LLC grew its position in shares of Wells Fargo & Company by 4.6% in the third quarter. Moloney Securities Asset Management LLC now owns 6,962 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 304 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in Wells Fargo & Company by 30.2% in the third quarter. WINTON GROUP Ltd now owns 38,190 shares of the financial services provider’s stock valued at $1,772,000 after acquiring an additional 8,867 shares during the last quarter. Eukles Asset Management lifted its holdings in Wells Fargo & Company by 47.3% in the third quarter. Eukles Asset Management now owns 2,825 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 907 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its holdings in Wells Fargo & Company by 18.0% in the third quarter. Integrated Investment Consultants LLC now owns 5,398 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 825 shares during the last quarter. Institutional investors own 69.01% of the company’s stock.

Shares of WFC stock opened at $46.35 on Monday. The stock’s 50-day moving average is $51.68 and its two-hundred day moving average is $51.14. The firm has a market cap of $176.20 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 1.13 and a beta of 1.15. Wells Fargo & Company has a 1 year low of $41.03 and a 1 year high of $60.30. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.79 and a current ratio of 0.80.

Wells Fargo & Company (NYSE:WFCGet Rating) last issued its quarterly earnings data on Thursday, April 14th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.08. The company had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.82 billion. Wells Fargo & Company had a return on equity of 12.20% and a net margin of 25.35%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share. As a group, research analysts predict that Wells Fargo & Company will post 4.02 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Friday, February 4th were issued a dividend of $0.25 per share. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 20.79%.

WFC has been the topic of a number of recent analyst reports. Atlantic Securities upgraded Wells Fargo & Company from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a report on Tuesday, February 1st. The Goldman Sachs Group upped their price target on Wells Fargo & Company from $54.00 to $56.00 in a research note on Thursday. Argus upped their price target on Wells Fargo & Company from $55.00 to $65.00 in a research note on Tuesday, January 18th. StockNews.com initiated coverage on Wells Fargo & Company in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays increased their price objective on Wells Fargo & Company from $62.00 to $64.00 in a research note on Monday. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $58.78.

Wells Fargo & Company Profile (Get Rating)

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

Read More

Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFCGet Rating).

Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.