Wells Fargo & Company (NYSE:WFC) is Clayton Partners LLC’s 6th Largest Position

Clayton Partners LLC lowered its position in Wells Fargo & Company (NYSE:WFC) by 1.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 89,893 shares of the financial services provider’s stock after selling 905 shares during the period. Wells Fargo & Company accounts for approximately 4.3% of Clayton Partners LLC’s portfolio, making the stock its 6th biggest holding. Clayton Partners LLC’s holdings in Wells Fargo & Company were worth $5,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WFC. Core Wealth Advisors Inc. acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at approximately $32,000. Beaird Harris Wealth Management LLC purchased a new position in Wells Fargo & Company during the fourth quarter worth approximately $34,000. Valued Wealth Advisors LLC boosted its stake in Wells Fargo & Company by 53.7% during the second quarter. Valued Wealth Advisors LLC now owns 630 shares of the financial services provider’s stock worth $37,000 after buying an additional 220 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its stake in shares of Wells Fargo & Company by 704.3% in the 1st quarter. J.Safra Asset Management Corp now owns 740 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 648 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes

WFC has been the topic of several recent research reports. Evercore ISI lowered their price target on shares of Wells Fargo & Company from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, September 6th. Keefe, Bruyette & Woods decreased their target price on shares of Wells Fargo & Company from $62.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, July 15th. Jefferies Financial Group cut shares of Wells Fargo & Company to a “hold” rating and dropped their price target for the company from $62.00 to $59.00 in a research note on Friday, August 16th. Morgan Stanley lifted their price target on shares of Wells Fargo & Company from $64.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, BMO Capital Markets upped their price objective on Wells Fargo & Company from $55.00 to $57.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Twelve equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.29.

Wells Fargo & Company Trading Up 0.8 %

Shares of NYSE WFC opened at $56.26 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $196.14 billion, a PE ratio of 11.55, a PEG ratio of 1.27 and a beta of 1.16. Wells Fargo & Company has a twelve month low of $38.38 and a twelve month high of $62.55. The stock has a fifty day simple moving average of $56.19 and a 200-day simple moving average of $57.88.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Friday, July 12th. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The company had revenue of $20.69 billion during the quarter, compared to the consensus estimate of $20.29 billion. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.17%. Wells Fargo & Company’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. On average, equities analysts forecast that Wells Fargo & Company will post 5.14 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Friday, August 9th were issued a $0.40 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.35. Wells Fargo & Company’s payout ratio is 32.85%.

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.