8,462 Shares in Wells Fargo & Company (NYSE:WFC) Acquired by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC bought a new stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,462 shares of the financial services provider's stock, valued at approximately $478,000.

A number of other hedge funds have also recently made changes to their positions in WFC. Trustmark National Bank Trust Department raised its position in Wells Fargo & Company by 5.9% in the 1st quarter. Trustmark National Bank Trust Department now owns 5,807 shares of the financial services provider's stock worth $337,000 after buying an additional 324 shares during the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in shares of Wells Fargo & Company in the 1st quarter worth $3,060,000. Lake Street Advisors Group LLC increased its position in Wells Fargo & Company by 98.9% during the first quarter. Lake Street Advisors Group LLC now owns 24,921 shares of the financial services provider's stock valued at $1,444,000 after acquiring an additional 12,394 shares during the last quarter. Oxford Financial Group LTD. LLC grew its stake in shares of Wells Fargo & Company by 7.4% during the 1st quarter. Oxford Financial Group LTD. LLC now owns 5,115 shares of the financial services provider's stock valued at $296,000 after purchasing an additional 354 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Wells Fargo & Company by 76.9% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,679,000 shares of the financial services provider's stock worth $97,315,000 after purchasing an additional 730,000 shares during the period. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Down 0.3 %

Shares of Wells Fargo & Company stock traded down $0.25 on Monday, reaching $74.09. The stock had a trading volume of 18,310,411 shares, compared to its average volume of 18,127,684. The company has a 50 day moving average price of $61.17 and a 200 day moving average price of $59.30. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a 1 year low of $42.15 and a 1 year high of $74.70. The stock has a market capitalization of $246.68 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.55 and a beta of 1.14.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.14. The business had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.40 billion. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The business's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. As a group, equities research analysts forecast that Wells Fargo & Company will post 5.42 EPS for the current year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 8th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, November 8th. Wells Fargo & Company's payout ratio is 33.26%.

Analyst Ratings Changes

Several research analysts have weighed in on WFC shares. Piper Sandler increased their price target on shares of Wells Fargo & Company from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft upgraded Wells Fargo & Company from a "hold" rating to a "buy" rating and set a $65.00 price target for the company in a research report on Tuesday, September 3rd. Wolfe Research raised shares of Wells Fargo & Company from a "peer perform" rating to an "outperform" rating and set a $65.00 target price for the company in a report on Tuesday, October 8th. Morgan Stanley decreased their target price on Wells Fargo & Company from $68.00 to $67.00 and set an "overweight" rating on the stock in a research note on Monday, September 30th. Finally, Compass Point increased their price target on Wells Fargo & Company from $57.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, October 15th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Wells Fargo & Company currently has a consensus rating of "Hold" and a consensus target price of $62.12.

Insider Buying and Selling

In other news, EVP Ather Williams III sold 60,000 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $63.70, for a total value of $3,822,000.00. Following the completion of the transaction, the executive vice president now owns 163,610 shares of the company's stock, valued at $10,421,957. The trade was a 26.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Beurden Saul Van sold 35,000 shares of Wells Fargo & Company stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $61.99, for a total value of $2,169,650.00. Following the completion of the sale, the executive vice president now owns 126,687 shares in the company, valued at approximately $7,853,327.13. The trade was a 21.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company's stock.

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.