Brandywine Global Investment Management Llc increased its stake in Wells Fargo Co New (WFC) by 2.92% based on its latest 2017Q4 regulatory filing with the SEC. Stelac Advisory Services LLC bought a new stake in Wells Fargo during the 4th quarter valued at $109,000. Delphi Private Advisors LLC now owns 2,462 shares of the financial services provider's stock valued at $149,000 after acquiring an additional 2,006 shares during the last quarter. Cerebellum GP LLC bought a new stake in Wells Fargo during the 4th quarter valued at $132,000. Finally, Burt Wealth Advisors increased its holdings in shares of Wells Fargo by 18.7% during the 4th quarter. The Cibc Asset Management Inc holds 530,910 shares with $32.21M value, down from 545,384 last quarter. Paloma Management Company owns 42,918 shares for 0.04% of their portfolio.
More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Livetradingnews.com which released: "Wells Fargo & Company (NYSE:WFC) Heffx Technical Review" on May 17, 2018, also Seekingalpha.com with their article: "Wells Fargo: Buying Opportunity?" published on April 25, 2018, Bizjournals.com published: "Wells Fargo taps JPMorgan Chase exec as chief risk officer" on May 07, 2018. Dimensional Fund Advisors LP now owns 35,143,414 shares of the financial services provider's stock worth $1,937,888,000 after purchasing an additional 5,305,125 shares in the last quarter. Magnolia Group LLC's holdings in Wells Fargo were worth $40,663,000 at the end of the most recent quarter. Vantage Investment Advsrs Ltd Liability Company holds 0% in Wells Fargo & Company (NYSE:WFC) or 270 shares. BMO Capital Markets maintained the shares of WFC in report on Friday, October 13 with "Hold" rating.
Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. The stock of Wells Fargo & Company (NYSE:WFC) earned "Hold" rating by Sandler O'Neill on Monday, April 11. Atlantic Securities upgraded Wells Fargo from an "underweight" rating to a "neutral" rating and set a $64.00 price objective on the stock in a report on Wednesday, January 10th. The stock of Wells Fargo & Company (NYSE:WFC) has "Buy" rating given on Thursday, December 21 by Buckingham Research. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the stock. As a company's earnings per share being to rise, so does their market value per share.
Snapshot: On Wednesday, Shares of Zions Bancorporation, (NASDAQ: ZION), performed -0.12 percent and closed at $57.76 in the last trading session.
Shares of NYSE WFC traded up $0.29 during midday trading on Monday, hitting $55.04. 16,660,471 shares of the company's stock traded hands, compared to its average volume of 20,612,732. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $255,643.08, a P/E ratio of 12.75, a PEG ratio of 1.42 and a beta of 1.13. Wells Fargo has a twelve month low of $54.54 and a twelve month high of $54.94. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 17, 2017 and is downtrending. The financial services provider reported $1.12 EPS for the quarter, topping the Zacks' consensus estimate of $1.07 by $0.05. The business posted revenue of $21,934.00 million for the three-month period, above $200.4 million, compared to analysts' forecasts of $21,733.60 million with a surprise factor of 0.92%. Wells Fargo had a net margin of 22.80% and a return on equity of 12.46%. The company's quarterly revenue was down 1.4% compared to the same quarter a year ago. Wells Fargo's revenue for the quarter was down 1.4% on a year-over-year basis. analysts predict that Wells Fargo will post 4.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 4th will be issued a $0.39 dividend. Now it is offering a dividend yield of 2.83% and a 5 year dividend growth rate of 11.84%. The ex-dividend date of this dividend is Thursday, May 3rd. Indiana-based Indiana Trust Invest Mgmt Communication has invested 0.99% in Wells Fargo & Company (NYSE:WFC).
Wells Fargo announced that its board has approved a stock buyback program on Tuesday, January 23rd that authorizes the company to repurchase 350,000,000 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. A company with a high P/E ratio usually indicated positive future performance and investors are willing to pay more for this company's shares.
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions.