Wells Fargo & Co (WFC) Holdings Increased by Vista Private Wealth Partners. LLC

Vista Private Wealth Partners. LLC grew its holdings in Wells Fargo & Co (NYSE:WFC) by 8.5% during the first quarter, HoldingsChannel.com reports. The firm owned 15,561 shares of the financial services provider’s stock after acquiring an additional 1,215 shares during the quarter. Vista Private Wealth Partners. LLC’s holdings in Wells Fargo & Co were worth $760,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Providence Wealth Advisors LLC increased its stake in shares of Wells Fargo & Co by 4.0% during the first quarter. Providence Wealth Advisors LLC now owns 11,875 shares of the financial services provider’s stock valued at $577,000 after buying an additional 456 shares during the period. Eqis Capital Management Inc. grew its stake in Wells Fargo & Co by 20.5% in the first quarter. Eqis Capital Management Inc. now owns 22,107 shares of the financial services provider’s stock valued at $1,068,000 after purchasing an additional 3,765 shares during the last quarter. Beacon Financial Group grew its stake in Wells Fargo & Co by 0.5% in the first quarter. Beacon Financial Group now owns 131,254 shares of the financial services provider’s stock valued at $6,342,000 after purchasing an additional 638 shares during the last quarter. Rothschild Investment Corp IL grew its stake in Wells Fargo & Co by 44.9% in the first quarter. Rothschild Investment Corp IL now owns 22,608 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 7,001 shares during the last quarter. Finally, Oakbrook Investments LLC grew its stake in Wells Fargo & Co by 1.3% in the first quarter. Oakbrook Investments LLC now owns 175,150 shares of the financial services provider’s stock valued at $8,463,000 after purchasing an additional 2,240 shares during the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.

NYSE WFC traded up $0.28 during trading on Tuesday, hitting $45.73. The company’s stock had a trading volume of 104,911 shares, compared to its average volume of 21,938,926. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market cap of $222.72 billion, a PE ratio of 10.45, a P/E/G ratio of 0.86 and a beta of 1.09. Wells Fargo & Co has a fifty-two week low of $43.02 and a fifty-two week high of $59.53.

Wells Fargo & Co (NYSE:WFC) last released its earnings results on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.12. Wells Fargo & Co had a return on equity of 13.37% and a net margin of 22.59%. The firm had revenue of $21.61 billion during the quarter, compared to the consensus estimate of $20.89 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, sell-side analysts predict that Wells Fargo & Co will post 4.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Friday, May 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Thursday, May 9th. Wells Fargo & Co’s dividend payout ratio (DPR) is 41.10%.

Several equities analysts have issued reports on WFC shares. Deutsche Bank cut their target price on Wells Fargo & Co from $54.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. Raymond James upgraded Wells Fargo & Co from an “underperform” rating to a “market perform” rating and set a $50.08 target price on the stock in a research note on Friday, March 29th. Barclays cut their target price on Wells Fargo & Co from $64.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Goldman Sachs Group lowered Wells Fargo & Co from a “buy” rating to a “neutral” rating and cut their target price for the company from $58.00 to $48.00 in a research note on Friday, April 12th. Finally, Keefe, Bruyette & Woods lowered Wells Fargo & Co from an “outperform” rating to a “market perform” rating and cut their target price for the company from $58.00 to $50.00 in a research note on Sunday, March 31st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.35.

In related news, insider Petros G. Pelos sold 28,304 shares of Wells Fargo & Co stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $46.51, for a total transaction of $1,316,419.04. Following the completion of the sale, the insider now owns 3,066 shares of the company’s stock, valued at $142,599.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

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About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services.

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

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