Wells Fargo & Company (NYSE:WFC) EVP Sells $2,193,000.00 in Stock

Wells Fargo & Company (NYSE:WFC) EVP Kleber Santos sold 25,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $87.72, for a total value of $2,193,000.00. Following the transaction, the executive vice president directly owned 79,876 shares in the company, valued at $7,006,722.72. This represents a 23.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wells Fargo & Company Trading Up 1.2%

Shares of Wells Fargo & Company stock opened at $88.61 on Monday. Wells Fargo & Company has a 52-week low of $58.42 and a 52-week high of $97.76. The stock’s 50-day simple moving average is $91.49 and its 200 day simple moving average is $86.26. The stock has a market capitalization of $278.17 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.97 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFCGet Free Report) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The firm had revenue of $11.97 billion during the quarter, compared to analyst estimates of $21.63 billion. During the same quarter last year, the business earned $1.43 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, February 6th. Wells Fargo & Company’s payout ratio is currently 28.71%.

Institutional Trading of Wells Fargo & Company

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Wells Fargo & Company by 62.3% during the fourth quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider’s stock worth $4,652,000 after purchasing an additional 25,436 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Wells Fargo & Company by 8.4% during the 2nd quarter. Brookstone Capital Management now owns 44,038 shares of the financial services provider’s stock valued at $3,528,000 after buying an additional 3,408 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new stake in Wells Fargo & Company in the 2nd quarter worth approximately $229,000. Exencial Wealth Advisors LLC boosted its stake in Wells Fargo & Company by 0.7% in the second quarter. Exencial Wealth Advisors LLC now owns 18,009 shares of the financial services provider’s stock worth $1,443,000 after buying an additional 131 shares in the last quarter. Finally, Caliber Wealth Management LLC KS grew its position in Wells Fargo & Company by 3.1% during the second quarter. Caliber Wealth Management LLC KS now owns 4,656 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company News Roundup

Here are the key news stories impacting Wells Fargo & Company this week:

Wall Street Analyst Weigh In

WFC has been the topic of a number of analyst reports. Argus boosted their price objective on Wells Fargo & Company from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Wolfe Research reiterated an “outperform” rating and set a $109.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price target on shares of Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a report on Wednesday, December 17th. UBS Group reaffirmed a “buy” rating and set a $113.00 price objective on shares of Wells Fargo & Company in a research note on Wednesday, February 4th. Finally, CICC Research began coverage on shares of Wells Fargo & Company in a report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 target price on the stock. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.03.

Check Out Our Latest Stock Report on WFC

About Wells Fargo & Company

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Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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