Wells Fargo & Company (NYSE:WFC) Holdings Boosted by Transform Wealth LLC

Transform Wealth LLC boosted its holdings in Wells Fargo & Company (NYSE:WFC) by 117.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,595 shares of the financial services provider’s stock after acquiring an additional 123,326 shares during the period. Wells Fargo & Company comprises about 0.9% of Transform Wealth LLC’s investment portfolio, making the stock its 24th biggest holding. Transform Wealth LLC’s holdings in Wells Fargo & Company were worth $12,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Mattson Financial Services LLC bought a new stake in shares of Wells Fargo & Company during the second quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Wells Fargo & Company during the second quarter valued at approximately $26,000. Valued Wealth Advisors LLC raised its holdings in shares of Wells Fargo & Company by 53.7% during the second quarter. Valued Wealth Advisors LLC now owns 630 shares of the financial services provider’s stock valued at $37,000 after buying an additional 220 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in shares of Wells Fargo & Company by 704.3% during the first quarter. J.Safra Asset Management Corp now owns 740 shares of the financial services provider’s stock valued at $43,000 after buying an additional 648 shares during the last quarter. Finally, Fairscale Capital LLC bought a new stake in shares of Wells Fargo & Company during the second quarter valued at approximately $47,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Up 0.8 %

NYSE WFC traded up $0.53 on Wednesday, hitting $63.56. 5,118,690 shares of the stock were exchanged, compared to its average volume of 18,017,053. Wells Fargo & Company has a 52-week low of $38.58 and a 52-week high of $64.08. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market capitalization of $221.59 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 1.46 and a beta of 1.16. The company’s 50-day moving average price is $55.81 and its two-hundred day moving average price is $57.86.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.14. Wells Fargo & Company had a net margin of 15.17% and a return on equity of 12.30%. The firm had revenue of $20.37 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the previous year, the company posted $1.39 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Research analysts predict that Wells Fargo & Company will post 5.12 EPS for the current year.

Wells Fargo & Company Increases Dividend

The company also recently disclosed 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 represents a $1.60 annualized dividend and a yield of 2.52%. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, August 9th. Wells Fargo & Company’s payout ratio is presently 32.85%.

Insiders Place Their Bets

In other Wells Fargo & Company news, EVP Beurden Saul Van sold 35,000 shares of Wells Fargo & Company stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $61.99, for a total transaction of $2,169,650.00. Following the transaction, the executive vice president now directly owns 126,687 shares in the company, valued at approximately $7,853,327.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

WFC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Tuesday, September 3rd. Compass Point boosted their target price on Wells Fargo & Company from $57.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday. BMO Capital Markets boosted their target price on Wells Fargo & Company from $55.00 to $57.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Phillip Securities raised Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and boosted their target price for the stock from $60.83 to $65.00 in a report on Tuesday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $61.00 target price on shares of Wells Fargo & Company in a report on Monday. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wells Fargo & Company presently has an average rating of “Hold” and a consensus price target of $61.82.

Wells Fargo & 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.