United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys New Shares in Wells Fargo & Company (NYSE:WFC)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Wells Fargo & Company (NYSE:WFC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,800 shares of the financial services provider's stock, valued at approximately $618,000.

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

Wells Fargo & Company Trading Down 2.2 %

Shares of WFC traded down $1.57 during trading on Friday, reaching $70.71. 13,550,316 shares of the company traded hands, compared to its average volume of 17,140,434. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. The stock 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. The stock has a 50-day simple moving average of $75.84 and a 200-day simple moving average of $70.03. Wells Fargo & Company has a twelve month low of $50.15 and a twelve month high of $81.50.

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Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly 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. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company had revenue of $20.38 billion for the quarter, compared to analysts' expectations of $20.58 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The firm's revenue was down .5% compared to the same quarter last year. On average, analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company's dividend payout ratio (DPR) is 29.74%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. The Goldman Sachs Group raised their price target on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Citigroup lowered their price target on Wells Fargo & Company from $82.00 to $78.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Compass Point raised their price objective on Wells Fargo & Company from $60.00 to $83.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, UBS Group upped their target price on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $74.97.

About Wells Fargo & Company

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.