Wells Fargo & Company (NYSE:WFC) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in Wells Fargo & Company (NYSE:WFC - Free Report) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,902 shares of the financial services provider's stock after buying an additional 42,705 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Wells Fargo & Company were worth $31,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WFC. Cardinal Capital Management Inc. boosted its position in shares of Wells Fargo & Company by 2.0% during the 3rd quarter. Cardinal Capital Management Inc. now owns 575,419 shares of the financial services provider's stock worth $32,505,000 after purchasing an additional 11,037 shares in the last quarter. Argus Investors Counsel Inc. boosted its holdings in Wells Fargo & Company by 34.6% during the third quarter. Argus Investors Counsel Inc. now owns 31,514 shares of the financial services provider's stock worth $1,780,000 after buying an additional 8,107 shares in the last quarter. M&G PLC grew its position in Wells Fargo & Company by 31.8% during the third quarter. M&G PLC now owns 755,930 shares of the financial services provider's stock worth $42,332,000 after buying an additional 182,274 shares during the period. EP Wealth Advisors LLC increased its holdings in Wells Fargo & Company by 40.0% in the second quarter. EP Wealth Advisors LLC now owns 179,282 shares of the financial services provider's stock valued at $10,648,000 after buying an additional 51,234 shares in the last quarter. Finally, Tocqueville Asset Management L.P. lifted its position in shares of Wells Fargo & Company by 13.3% during the 1st quarter. Tocqueville Asset Management L.P. now owns 11,061 shares of the financial services provider's stock valued at $641,000 after acquiring an additional 1,295 shares during the period. Institutional investors and hedge funds own 75.90% of the company's stock.

Analyst Upgrades and Downgrades

WFC has been the topic of a number of research reports. Evercore ISI upped their price target on Wells Fargo & Company from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Jefferies Financial Group lowered Wells Fargo & Company to a "hold" rating and lowered their target price for the company from $62.00 to $59.00 in a report on Friday, August 16th. Keefe, Bruyette & Woods cut their price target on Wells Fargo & Company from $62.00 to $61.00 and set a "market perform" rating for the company in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft raised shares of Wells Fargo & Company from a "hold" rating to a "buy" rating and set a $65.00 price objective on the stock in a research note on Tuesday, September 3rd. Finally, Phillip Securities upgraded shares of Wells Fargo & Company from a "neutral" rating to an "accumulate" rating and lifted their target price for the stock from $60.83 to $65.00 in a research 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company has a consensus rating of "Hold" and an average target price of $62.12.

Insider Buying and Selling

In other Wells Fargo & Company news, EVP Beurden Saul Van sold 35,000 shares of the business'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 of the company's stock, valued at approximately $7,853,327.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 of the company's stock, valued at $7,853,327.13. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ather Williams III sold 60,000 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 163,610 shares of the company's stock, valued at $10,421,957. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company's stock.

Wells Fargo & Company Trading Up 0.9 %

NYSE:WFC traded up $0.62 during mid-day trading on Friday, reaching $70.04. The company's stock had a trading volume of 14,270,937 shares, compared to its average volume of 20,885,386. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $233.20 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.57 and a beta of 1.14. The company's fifty day simple moving average is $59.59 and its two-hundred day simple moving average is $58.84. Wells Fargo & Company has a twelve month low of $40.27 and a twelve month high of $74.27.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its earnings results on Friday, October 11th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.14. Wells Fargo & Company had a net margin of 14.43% and a return on equity of 12.25%. The business had revenue of $20.37 billion for the quarter, compared to analysts' expectations of $20.40 billion. During the same period last year, the company earned $1.39 earnings per share. The company's quarterly revenue was down 2.4% on a year-over-year basis. On average, equities analysts predict that Wells Fargo & Company will post 5.39 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 issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.28%. Wells Fargo & Company's payout ratio is 33.26%.

Wells Fargo & Company 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.