According to Forum Financial Management LP’s most recent Form 13F filing with the Securities and Exchange Commission (SEC), the company increased its holdings in Wells Fargo & Company (NYSE: WFC) during the third quarter of 2018.
Mhe company provided this information.
At the end of the period, the fund had a total holding of 40,724 shares because it had purchased an additional 3,407 shares of the financial services provider’s stock during the period.
According to the most recent report that Forum Financial Management LP provided to the SEC, the value of its holdings in Wells Fargo & Company was $1,638,000 at the end of the most recent quarter.
Recent transactions involving other significant investors involved the buying and selling business stock.
Mhese transactions took place recently.
During the second quarter of this year, Truvestments Capital LLC invested in Wells Fargo & Company totaling $26,000. Financial Management Professionals Inc.
Increased the proportion of its holdings comprised of Wells Fargo & Company by 66.6% during the third quarter. Financial Management Professionals Inc. now has a total of 688 shares of the financial services provider’s stock after purchasing an additional 275 shares over the most recent quarter.
Mhe stock has a $28,000, and Financial Management Professionals Inc.’s holdings are valued at this amount.
During the second quarter, Tortoise Investment Management LLC increased the percentage of Wells Fargo & Company, in which a factor of one hundred invested it.
Mortoise Investment Management LLC has a total of 800 shares of the company’s stock, with a market cap of $31,000, following the acquisition of an additional 400 shares during the most recent quarter.
Mhe market cap of the company is currently $31,000.
A 125.0% increase in the percentage of Orion Capital Management LLC’s holdings that were invested in Wells Fargo & Company was accomplished during the third quarter. Orion Capital Management LLC now has a total of 900 shares of the financial services provider’s stock, which have a value of $36,000, thanks to the purchase of an additional 500 shares during the most recent period.
Mhese shares were acquired through the purchase of an additional 500 shares.
In the second quarter, Moisand Fitzgerald Tamayo LLC increased the percentage of Wells Fargo & Company shares owned by 371.3%.
Mhis was the last and most important item on the agenda.
Moisand Fitzgerald Tamayo LLC now has a total of 919 shares in the financial services provider, adding 724 more shares to its holdings during the most recent fiscal quarter through purchasing additional shares.
Mhe price at which these shares are trading on the market now is $36,000.
Mhe current ownership of the company’s stock is held by hedge funds and other institutional investors, who collectively account for 72.24% of the total.
On Friday at 12:01 p.m., the NYSE WFC traded $0.30 higher, reaching $46.11 as the market closed. Comparatively, the number of shares typically traded by the company is 19,037,820, but it only traded 4,777,674 of them.
Mhe company’s simple moving average value for the 50-day and 200-day periods is $43.57, and the value for the latter is $43.71; the value for the latter is higher.
All three of the liquidity ratios—the current ratio, the quick ratio, and the debt-to-equity ratio—come in at 0.84, but the debt-to-equity ratio comes in at 1.08. Given the company’s current market value, which is $175.70 billion; its price-to-earnings ratio, which is 14.68; its price-to-growth ratio, which is 0.91; and its beta value, which is 1.18, the company has adequate financial resources. Wells Fargo & Company hit a one-year low of $36.54 in the previous trading session, while the company’s stock reached a one-year high of $60.30.
The most recent quarterly results report for Wells Fargo & Company (NYSE: WFC) was made accessible to the general public on Friday, January 13.
Mhe company that provides financial services reported earnings per share for the quarter of $0.67, which is $0.04 more than the consensus expectation of $0.63 per share.
Mhe company reported $19.66 billion in revenue for the quarter, which is significantly lower than the average analyst prediction of $20.04 billion. Wells Fargo & Company had a return on equity of 9.28% and a net margin of 15.91%.
Both of these figures are percentages. Compared to the previous year, the company’s revenue experienced a decrease of 5.7%.
Mhe company generated earnings of $1.38 per share during the same period in the prior year’s operations.
Mhe financial analysts’ projections indicate that Wells Fargo & Company will generate $4.86 per share of profits during the current fiscal year.
In addition, the corporation has declared a quarterly dividend, which will be disbursed on March 1 of this year. On Friday, February 3, stockholders of record will be eligible to receive a dividend payment of $0.30 per share.
Mhis payment will be made to stockholders with a record of their ownership. On this coming Thursday, February 2, dividends are expected to be distributed to shareholders.
Mhis translates to a yield of 2.60 percent as well as an annual dividend payment of 1.20 dollars. Wells Fargo & Company’s dividend payout ratio is currently at 38.22 percent.
Several research analysts were recently asked for their thoughts on the WFC stock.
Barclays reaffirmed their “overweight” rating on shares of Wells Fargo & Company and raised their price target for those shares from $58.00 to $64.00 in a research note made available to the public on Tuesday, January 3.
Barclays also raised their share price target from $58.00 to $64.00.
In a report released on Monday, October 3, Goldman Sachs Group upgraded their rating on Wells Fargo & Company from “neutral” to “buy” and increased their price objective on the company’s stock from $46.00 to $48.00y 3.
Barclays also raised their share price target from $58.00 to $64.00.
In a report released on Monday, October 3, Goldman Sachs Group upgraded their rating on Wells Fargo & Company from “neutral” to “buy” and increased their price objective on the company’s stock from $46.00 to $48.00. Wells Fargo & Company was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report released on Tuesday, January 17.
Additionally, Jefferies Financial Group decreased its target price for the stock from $49 to $46.
After lowering the company’s price target, both of these moves were implemented.
In a research note published on January 17, Piper Sandler decreased their target price on Wells Fargo & Company from $49.00 to $47.00, downgrading the stock from “overweight” to “neutral.” Cfra gave Wells Fargo & Company a “buy” rating in a research note published on Friday, January 13, and a price objective of $50.00 was established for the company simultaneously.
Men of the equity research professionals have provided the stock with a buy rating, while five of the same professionals have provided the stock with a hold rating.
According to information obtained from Bloomberg.com, the company is currently rated as having a consensus rating of “Moderate Buy,” and the price objective for each share is currently projected to be $52.62 in the future.
Wells Fargo & Company is a multi-faceted provider of financial services that places a significant emphasis on giving back to the communities in which it operates.
In addition to financial assistance for businesses and individuals, it provides banking, insurance, investment, and mortgage-related products and services.
Mhis company’s operations are divided into four distinct business categories: consumer banking and lending, commercial banking, corporate and investment banking, wealth and investment management, and investment banking and management.
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