Aureus Asset Management LLC Invests $1.71 Million in Wells Fargo & Company $WFC

Aureus Asset Management LLC acquired a new stake in Wells Fargo & Company (NYSE:WFC) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 21,518 shares of the financial services provider’s stock, valued at approximately $1,713,000.

A number of other institutional investors have also modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new position in Wells Fargo & Company in the fourth quarter valued at approximately $25,000. Miller Capital Partners Inc. purchased a new stake in Wells Fargo & Company during the fourth quarter worth approximately $25,000. Navalign LLC purchased a new stake in Wells Fargo & Company during the fourth quarter worth approximately $26,000. Joseph Group Capital Management acquired a new stake in shares of Wells Fargo & Company in the fourth quarter worth $28,000. Finally, Core Wealth Advisors LLC acquired a new stake in shares of Wells Fargo & Company in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analysts Set New Price Targets

WFC has been the topic of several recent research reports. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. KGI Securities downgraded Wells Fargo & Company to a “hold” rating in a report on Thursday, April 16th. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Bank of America upped their target price on Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, HSBC upgraded Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.50.

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Wells Fargo & Company Trading Down 1.3%

Shares of WFC opened at $86.61 on Thursday. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76. The stock has a 50-day moving average price of $82.21 and a 200 day moving average price of $83.55. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $265.05 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.96 and a beta of 0.92.

Wells Fargo & Company Announces Dividend

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

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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