Integrity Alliance LLC. Has $1.31 Million Stock Position in Wells Fargo & Company $WFC

Integrity Alliance LLC. lowered its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 13.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 16,356 shares of the financial services provider’s stock after selling 2,536 shares during the period. Integrity Alliance LLC.’s holdings in Wells Fargo & Company were worth $1,310,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. GAM Holding AG acquired a new stake in Wells Fargo & Company during the second quarter worth approximately $1,416,000. Earned Wealth Advisors LLC grew its stake in Wells Fargo & Company by 8.3% during the second quarter. Earned Wealth Advisors LLC now owns 8,515 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 654 shares during the period. Aljian Capital Management LLC grew its stake in Wells Fargo & Company by 8.5% during the second quarter. Aljian Capital Management LLC now owns 15,576 shares of the financial services provider’s stock worth $1,248,000 after purchasing an additional 1,217 shares during the period. Simon Quick Advisors LLC boosted its holdings in Wells Fargo & Company by 9.5% in the second quarter. Simon Quick Advisors LLC now owns 20,246 shares of the financial services provider’s stock worth $1,622,000 after acquiring an additional 1,761 shares in the last quarter. Finally, Heritage Investors Management Corp bought a new position in Wells Fargo & Company in the second quarter worth approximately $327,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings upgraded Wells Fargo & Company from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Cowen restated a “hold” rating on shares of Wells Fargo & Company in a report on Wednesday, October 15th. Dbs Bank upgraded Wells Fargo & Company to a “moderate buy” rating in a report on Tuesday, October 21st. Finally, Phillip Securities downgraded Wells Fargo & Company from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, July 17th. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and an average price target of $89.57.

Wells Fargo & Company Stock Up 1.4%

WFC stock opened at $87.19 on Friday. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $87.47. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.07. The stock’s 50 day moving average is $82.75 and its 200-day moving average is $78.49. The firm has a market capitalization of $279.30 billion, a PE ratio of 14.34, a P/E/G ratio of 1.18 and a beta of 1.25.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.11. Wells Fargo & Company had a return on equity of 12.51% and a net margin of 17.18%.The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.11 billion. During the same quarter last year, the company earned $1.42 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts expect that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, November 7th. Wells Fargo & Company’s dividend payout ratio is 29.61%.

Wells Fargo & Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.