Regal Partners Ltd Has $50.98 Million Holdings in Wells Fargo & Company (NYSE:WFC)

Regal Partners Ltd lifted its stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 902,443 shares of the financial services provider's stock after acquiring an additional 51,826 shares during the period. Wells Fargo & Company makes up about 4.5% of Regal Partners Ltd's investment portfolio, making the stock its 7th largest holding. Regal Partners Ltd's holdings in Wells Fargo & Company were worth $50,979,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in WFC. Mattson Financial Services LLC acquired a new stake in shares of Wells Fargo & Company in the second quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Wells Fargo & Company in the 2nd quarter valued at $26,000. Valued Wealth Advisors LLC lifted its position in Wells Fargo & Company by 53.7% during the 2nd quarter. Valued Wealth Advisors LLC now owns 630 shares of the financial services provider's stock worth $37,000 after buying an additional 220 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in shares of Wells Fargo & Company by 704.3% during the 1st quarter. J.Safra Asset Management Corp now owns 740 shares of the financial services provider's stock worth $43,000 after buying an additional 648 shares during the last quarter. Finally, Fairscale Capital LLC bought a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $47,000. Institutional investors own 75.90% of the company's stock.

Wells Fargo & Company Stock Up 0.1 %

NYSE WFC traded up $0.04 on Thursday, hitting $72.81. 3,499,635 shares of the company were exchanged, compared to its average volume of 18,077,176. The company has a market cap of $242.42 billion, a PE ratio of 15.13, a PEG ratio of 1.51 and a beta of 1.14. The stock has a fifty day moving average of $60.45 and a 200-day moving average of $59.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a 12 month low of $41.99 and a 12 month high of $74.27.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.14. The business had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.40 billion. Wells Fargo & Company had a net margin of 14.43% and a return on equity of 12.25%. Wells Fargo & Company's revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 EPS. As a group, analysts forecast that Wells Fargo & Company will post 5.42 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 8th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 8th. Wells Fargo & Company's payout ratio is 33.26%.

Insider Buying and Selling

In other Wells Fargo & Company news, EVP Ather Williams III sold 60,000 shares of the company's stock in a transaction dated Wednesday, October 16th. The shares were 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 in the company, valued at $10,421,957. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Ather Williams III sold 60,000 shares of the business's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $63.70, for a total transaction of $3,822,000.00. Following the sale, the executive vice president now owns 163,610 shares in the company, valued at approximately $10,421,957. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Beurden Saul Van sold 35,000 shares of the stock in a transaction on Monday, October 14th. The stock was 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 approximately $7,853,327.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WFC has been the subject of several recent research reports. Compass Point increased their price target on Wells Fargo & Company from $57.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, October 15th. Morgan Stanley lowered their target price on shares of Wells Fargo & Company from $68.00 to $67.00 and set an "overweight" rating on the stock in a report on Monday, September 30th. Piper Sandler upped their target price on shares of Wells Fargo & Company from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Wolfe Research raised Wells Fargo & Company from a "peer perform" rating to an "outperform" rating and set a $65.00 price target on the stock in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Wells Fargo & Company from a "hold" rating to a "buy" rating and set a $65.00 price target on the stock in a research note on Tuesday, September 3rd. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Wells Fargo & Company currently has an average rating of "Hold" and a consensus target price of $62.12.

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.