Aigen Investment Management LP Sells 20,347 Shares of Wells Fargo & Company (NYSE:WFC)

Aigen Investment Management LP trimmed its holdings in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 66.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,264 shares of the financial services provider's stock after selling 20,347 shares during the quarter. Aigen Investment Management LP's holdings in Wells Fargo & Company were worth $580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Wells Fargo & Company by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 19,848,290 shares of the financial services provider's stock worth $1,178,591,000 after purchasing an additional 831,975 shares in the last quarter. National Pension Service increased its stake in Wells Fargo & Company by 15.2% during the third quarter. National Pension Service now owns 6,789,371 shares of the financial services provider's stock worth $383,532,000 after purchasing an additional 897,195 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Wells Fargo & Company by 2.5% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,641,581 shares of the financial services provider's stock worth $375,183,000 after purchasing an additional 162,066 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Wells Fargo & Company by 67.1% in the first quarter. 1832 Asset Management L.P. now owns 5,852,764 shares of the financial services provider's stock worth $339,226,000 after acquiring an additional 2,349,595 shares during the last quarter. Finally, First Pacific Advisors LP grew its stake in shares of Wells Fargo & Company by 2.1% during the second quarter. First Pacific Advisors LP now owns 5,278,666 shares of the financial services provider's stock worth $313,500,000 after purchasing an additional 108,480 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WFC shares. Wolfe Research upgraded shares of Wells Fargo & Company from a "peer perform" rating to an "outperform" rating and set a $65.00 target price on the stock in a research report on Tuesday, October 8th. Piper Sandler increased their target price on Wells Fargo & Company from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Compass Point boosted their target price on shares of Wells Fargo & Company from $57.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 15th. Evercore ISI raised their price objective on Wells Fargo & Company from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley decreased their price objective on shares of Wells Fargo & Company from $68.00 to $67.00 and set an "overweight" rating on the stock in a research report on Monday, September 30th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Wells Fargo & Company has a consensus rating of "Hold" and an average price target of $62.12.

Wells Fargo & Company Trading Up 0.3 %

Wells Fargo & Company stock opened at $72.79 on Thursday. The firm has a market capitalization of $242.35 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.51 and a beta of 1.14. The company has a 50 day moving average price of $60.15 and a 200 day moving average price of $59.01. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.85. Wells Fargo & Company has a 52 week low of $41.46 and a 52 week high of $74.27.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.14. The firm had revenue of $20.37 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS. Research analysts forecast that Wells Fargo & Company will post 5.42 EPS for the current year.

Wells Fargo & Company Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, November 8th. Wells Fargo & Company's dividend payout ratio (DPR) is presently 33.26%.

Insider Transactions at Wells Fargo & Company

In other news, EVP Beurden Saul Van sold 35,000 shares of the company's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $61.99, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related 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 transaction 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 approximately $10,421,957. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Beurden Saul Van sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were 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 directly owns 126,687 shares in the company, valued at $7,853,327.13. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.08% of the company's stock.

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.