ABN Amro Investment Solutions Sells 32,108 Shares of Wells Fargo & Company $WFC

ABN Amro Investment Solutions lowered its stake in Wells Fargo & Company (NYSE:WFC) by 14.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 189,170 shares of the financial services provider’s stock after selling 32,108 shares during the quarter. ABN Amro Investment Solutions’ holdings in Wells Fargo & Company were worth $15,060,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Godfrey Financial Associates Inc. acquired a new stake in Wells Fargo & Company in the 4th quarter worth approximately $25,000. Miller Capital Partners Inc. acquired a new position in Wells Fargo & Company during the fourth quarter valued at approximately $25,000. Navalign LLC bought a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $26,000. Joseph Group Capital Management bought a new stake in shares of Wells Fargo & Company during the 4th quarter worth $28,000. Finally, Core Wealth Advisors LLC bought a new stake in Wells Fargo & Company during the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WFC. Bank of America raised their price target on Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. upped their price objective on Wells Fargo & Company from $86.50 to $93.50 and gave the stock a “neutral” rating in a report on Monday, July 6th. Raymond James Financial reissued a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Truist Financial lifted their target price on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating for the company in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.50.

Get Our Latest Stock Report on Wells Fargo & Company

Wells Fargo & Company Stock Up 1.5%

Shares of WFC opened at $87.59 on Wednesday. The firm has a 50 day simple moving average of $81.95 and a two-hundred day simple moving average of $83.59. The company has a market cap of $268.04 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is 26.16%.

Trending Headlines about Wells Fargo & Company

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Wells Fargo & Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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