28,111 Shares in Wells Fargo & Company (NYSE:WFC) Bought by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. acquired a new position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 28,111 shares of the financial services provider's stock, valued at approximately $1,973,000.

Several other hedge funds also recently made changes to their positions in WFC. Nwam LLC acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter valued at approximately $309,000. Great Valley Advisor Group Inc. boosted its stake in shares of Wells Fargo & Company by 2.1% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 23,205 shares of the financial services provider's stock worth $1,311,000 after acquiring an additional 487 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter worth approximately $3,981,000. Larson Financial Group LLC raised its holdings in Wells Fargo & Company by 21.8% during the third quarter. Larson Financial Group LLC now owns 6,129 shares of the financial services provider's stock worth $346,000 after purchasing an additional 1,097 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in Wells Fargo & Company by 13.8% during the third quarter. Fisher Asset Management LLC now owns 24,833 shares of the financial services provider's stock worth $1,403,000 after purchasing an additional 3,016 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company's stock.

Analyst Ratings Changes

WFC has been the topic of several recent analyst reports. Royal Bank of Canada raised shares of Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Thursday, March 13th. Morgan Stanley lifted their price target on Wells Fargo & Company from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Citigroup cut their price objective on shares of Wells Fargo & Company from $82.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Keefe, Bruyette & Woods boosted their target price on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Finally, Barclays increased their price target on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.97.

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Wells Fargo & Company Stock Down 2.2 %

Wells Fargo & Company stock traded down $1.57 during midday trading on Friday, hitting $70.71. 13,550,316 shares of the company were exchanged, compared to its average volume of 17,140,434. The company has a market cap of $230.87 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. Wells Fargo & Company has a fifty-two week low of $50.15 and a fifty-two week high of $81.50. The company's fifty day moving average price is $75.84 and its 200-day moving average price is $70.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.09. The business had revenue of $20.38 billion for the quarter, compared to analysts' expectations of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 earnings per share. On average, research analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. Wells Fargo & Company's payout ratio is currently 29.74%.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.