Banco Bilbao Vizcaya Argentaria S.A. Sells 27,451 Shares of Wells Fargo & Company $WFC

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in Wells Fargo & Company (NYSE:WFC) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 737,676 shares of the financial services provider’s stock after selling 27,451 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Wells Fargo & Company were worth $68,811,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WFC. Norges Bank bought a new position in shares of Wells Fargo & Company in the 4th quarter worth $4,512,563,000. Capital Research Global Investors raised its position in shares of Wells Fargo & Company by 18.6% in the 3rd quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock worth $2,989,104,000 after acquiring an additional 5,584,930 shares in the last quarter. Mawer Investment Management Ltd. raised its position in shares of Wells Fargo & Company by 177.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 4,876,127 shares of the financial services provider’s stock worth $454,455,000 after acquiring an additional 3,120,399 shares in the last quarter. Danske Bank A S bought a new position in shares of Wells Fargo & Company in the 3rd quarter worth $215,638,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Wells Fargo & Company by 13.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock worth $1,922,257,000 after acquiring an additional 2,369,260 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Down 1.4%

Shares of WFC opened at $83.88 on Thursday. Wells Fargo & Company has a 52 week low of $72.57 and a 52 week high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $256.68 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.00 and a beta of 0.93. The stock’s 50-day moving average price is $79.73 and its 200-day moving average price is $84.63.

Wells Fargo & Company (NYSE:WFCGet Free Report) last issued its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts predict that Wells Fargo & Company will post 6.84 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio is presently 27.78%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WFC shares. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday. Truist Financial reduced their price target on Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. KGI Securities downgraded Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Piper Sandler restated an “overweight” rating and set a $94.00 target price (down from $100.00) on shares of Wells Fargo & Company in a research note on Wednesday, April 15th. Finally, Barclays dropped their target price on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.24.

Read Our Latest Stock Analysis on WFC

Key Stories Impacting Wells Fargo & Company

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Wells Fargo & Company Profile

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

See Also

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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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