Register Financial Advisors LLC Decreases Holdings in Wells Fargo & Company (NYSE:WFC)

Register Financial Advisors LLC lowered its stake in Wells Fargo & Company (NYSE:WFC) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,620 shares of the financial services provider’s stock after selling 231 shares during the period. Register Financial Advisors LLC’s holdings in Wells Fargo & Company were worth $326,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WFC. Fortis Group Advisors LLC bought a new position in shares of Wells Fargo & Company during the 3rd quarter valued at approximately $25,000. Arlington Trust Co LLC purchased a new stake in shares of Wells Fargo & Company in the fourth quarter valued at $25,000. Core Wealth Advisors Inc. bought a new stake in shares of Wells Fargo & Company in the 4th quarter worth about $25,000. Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of Wells Fargo & Company by 208.0% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 356,620 shares during the period. Finally, Tennessee Valley Asset Management Partners bought a new position in Wells Fargo & Company during the 4th quarter valued at about $29,000. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock opened at $59.39 on Friday. The company has a market capitalization of $207.03 billion, a PE ratio of 12.40, a P/E/G ratio of 1.42 and a beta of 1.17. The company has a 50-day simple moving average of $59.55 and a two-hundred day simple moving average of $55.04. Wells Fargo & Company has a one year low of $38.38 and a one year high of $62.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The firm had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same quarter in the previous year, the business posted $1.23 EPS. Wells Fargo & Company’s revenue was up .6% on a year-over-year basis. Research analysts expect that Wells Fargo & Company will post 5.14 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Friday, May 10th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.40 annualized dividend and a yield of 2.36%. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.23%.

Analysts Set New Price Targets

WFC has been the subject of several analyst reports. Jefferies Financial Group raised their price objective on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Compass Point reissued a “neutral” rating and set a $64.00 price target on shares of Wells Fargo & Company in a research note on Tuesday, April 9th. HSBC upped their price objective on Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Oppenheimer reiterated a “market perform” rating on shares of Wells Fargo & Company in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $62.00 price target (up from $56.00) on shares of Wells Fargo & Company in a report on Wednesday, March 27th. Fourteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.15.

Wells Fargo & Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.