Key Client Fiduciary Advisors LLC Purchases 1,278 Shares of Wells Fargo & Company (NYSE:WFC)

Key Client Fiduciary Advisors LLC raised its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 25.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,390 shares of the financial services provider’s stock after purchasing an additional 1,278 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Wells Fargo & Company were worth $370,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Sovereign Financial Group Inc. purchased a new stake in shares of Wells Fargo & Company in the first quarter worth approximately $218,000. Brookstone Capital Management lifted its stake in Wells Fargo & Company by 6.9% during the 1st quarter. Brookstone Capital Management now owns 19,476 shares of the financial services provider’s stock valued at $1,129,000 after acquiring an additional 1,263 shares in the last quarter. Eagle Wealth Strategies LLC purchased a new position in Wells Fargo & Company during the 1st quarter worth $214,000. Prentice Wealth Management LLC boosted its holdings in Wells Fargo & Company by 7.3% during the 1st quarter. Prentice Wealth Management LLC now owns 9,242 shares of the financial services provider’s stock worth $536,000 after acquiring an additional 626 shares during the last quarter. Finally, First Financial Corp IN grew its stake in shares of Wells Fargo & Company by 36.8% in the 1st quarter. First Financial Corp IN now owns 6,286 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 1,691 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $57.42 on Friday. The firm has a market capitalization of $200.18 billion, a P/E ratio of 11.99, a PEG ratio of 1.41 and a beta of 1.17. 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 current ratio of 0.87 and a quick ratio of 0.86. The business has a fifty day moving average price of $59.59 and a 200-day moving average price of $54.93.

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

Wells Fargo & Company Dividend Announcement

The company also recently disclosed 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 2.44%. Wells Fargo & Company’s dividend payout ratio is currently 29.23%.

Analyst Ratings Changes

WFC has been the topic of several analyst reports. The Goldman Sachs Group boosted their price target on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 1st. HSBC upped their target price on Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Citigroup reiterated a “neutral” rating and set a $63.00 price target (up from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. Jefferies Financial Group raised their target price on Wells Fargo & Company from $52.00 to $60.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Evercore ISI boosted their price target on shares of Wells Fargo & Company from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday. Fourteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $59.15.

About Wells Fargo & Company

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.