178,772 Shares in Wells Fargo & Company (NYSE:WFC) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in Wells Fargo & Company (NYSE:WFC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 178,772 shares of the financial services provider's stock, valued at approximately $10,099,000. Wells Fargo & Company makes up approximately 0.4% of Quantbot Technologies LP's portfolio, making the stock its 28th largest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. Mattson Financial Services LLC purchased a new stake in shares of Wells Fargo & Company during the second quarter valued at about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Wells Fargo & Company in the second quarter valued at approximately $26,000. Truvestments Capital LLC acquired a new stake in Wells Fargo & Company in the third quarter valued at approximately $29,000. MidAtlantic Capital Management Inc. purchased a new position in Wells Fargo & Company in the third quarter worth $34,000. Finally, Valued Wealth Advisors LLC increased its position in shares of Wells Fargo & Company by 53.7% during the second quarter. Valued Wealth Advisors LLC now owns 630 shares of the financial services provider's stock worth $37,000 after purchasing an additional 220 shares in the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Company Trading Up 0.5 %

Shares of WFC stock traded up $0.41 on Tuesday, hitting $77.31. 19,138,010 shares of the stock traded hands, compared to its average volume of 18,144,771. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $257.40 billion, a PE ratio of 16.19, a PEG ratio of 1.58 and a beta of 1.14. The firm's 50-day moving average price is $63.74 and its two-hundred day moving average price is $59.91. Wells Fargo & Company has a twelve month low of $42.52 and a twelve month high of $78.13.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted 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 return on equity of 12.25% and a net margin of 14.43%. The company had revenue of $20.37 billion during the quarter, compared to analysts' expectations of $20.40 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. As a group, analysts anticipate that Wells Fargo & Company will post 5.42 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 8th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, November 8th. Wells Fargo & Company's dividend payout ratio (DPR) is currently 33.26%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Phillip Securities upgraded Wells Fargo & Company from a "neutral" rating to an "accumulate" rating and boosted their target price for the stock from $60.83 to $65.00 in a research note on Tuesday, October 15th. Morgan Stanley decreased their price objective on shares of Wells Fargo & Company from $68.00 to $67.00 and set an "overweight" rating for the company in a research report on Monday, September 30th. Citigroup raised their price target on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Jefferies Financial Group downgraded Wells Fargo & Company to a "hold" rating and cut their target price for the company from $62.00 to $59.00 in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wells Fargo & Company currently has an average rating of "Hold" and an average price target of $63.07.

Insider Transactions at Wells Fargo & Company

In related news, EVP Ather Williams III sold 60,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 163,610 shares in the company, valued at $10,421,957. This trade represents a 26.83 % decrease in their position. The transaction 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 the company's stock in a transaction 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 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. This trade represents a 21.65 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.