35,722 Shares in Wells Fargo & Company (NYSE:WFC) Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Wells Fargo & Company (NYSE:WFC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 35,722 shares of the financial services provider's stock, valued at approximately $2,509,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WFC. Two Sigma Advisers LP boosted its stake in shares of Wells Fargo & Company by 730.4% during the 3rd quarter. Two Sigma Advisers LP now owns 5,954,600 shares of the financial services provider's stock worth $336,375,000 after purchasing an additional 5,237,500 shares during the period. Canoe Financial LP purchased a new position in shares of Wells Fargo & Company during the third quarter valued at approximately $160,529,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Wells Fargo & Company by 158.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,709,659 shares of the financial services provider's stock valued at $153,069,000 after buying an additional 1,659,716 shares during the last quarter. Artemis Investment Management LLP raised its holdings in shares of Wells Fargo & Company by 410.8% in the fourth quarter. Artemis Investment Management LLP now owns 1,374,812 shares of the financial services provider's stock worth $96,567,000 after buying an additional 1,105,679 shares during the period. Finally, National Pension Service raised its holdings in shares of Wells Fargo & Company by 15.2% in the third quarter. National Pension Service now owns 6,789,371 shares of the financial services provider's stock worth $383,532,000 after buying an additional 897,195 shares during the period. Hedge funds and other institutional investors own 75.90% of the company's stock.

Analyst Ratings Changes

WFC has been the topic of several research analyst reports. Evercore ISI upped their price objective on Wells Fargo & Company from $71.00 to $77.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Compass Point upped their price target on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Phillip Securities upgraded shares of Wells Fargo & Company from a "neutral" rating to an "accumulate" rating and lifted their price objective for the company from $60.83 to $65.00 in a report on Tuesday, October 15th. Keefe, Bruyette & Woods upped their target price on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the stock a "market perform" rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $61.00 target price on shares of Wells Fargo & Company in a research report on Monday, October 14th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $73.39.

Wells Fargo & Company Stock Down 2.0 %

WFC traded down $1.62 during trading on Monday, hitting $79.05. The stock had a trading volume of 18,355,182 shares, compared to its average volume of 15,345,478. The stock has a 50 day simple moving average of $73.89 and a two-hundred day simple moving average of $65.51. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. Wells Fargo & Company has a twelve month low of $47.59 and a twelve month high of $81.50. The company has a market capitalization of $263.21 billion, a PE ratio of 14.69, a PEG ratio of 1.22 and a beta of 1.18.

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

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. Wells Fargo & Company's payout ratio is 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.