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Investment firm QV Investors Inc. has increased its stake in Wells Fargo & Company by 37.2% during the 3rd quarter, now owning 271,407 shares worth $11,090,000. Other hedge funds have also recently bought and sold shares of WFC, with totals including as much as $2,049,693,000 in a new position. These figures represent 72.47% of company shares owned by hedge funds and institutional investors. Analysts have recently changed Wells Fargo & Company to a “Moderate Buy,” with a consensus rating of $49.56.

Another note to mention is that a company director, Richard K. Davis, recently bought 3,500 shares of Wells Fargo & Company stock at an average cost of $41.22 per share.

Wells Fargo & Company stock opened at $49.22 USD, showing a 1 year high of $50.77 and 1 year low of $35.25. Also of note is its market capitalization of $178.75 billion and debt-to-equity ratio of 1.17, with a current ratio and quick ratio of 0.87 each.

In further news, Wells Fargo & Company has reported their latest financial results, showing a return on equity of 11.18% and a net margin of 17.06%, indicating a 6.6% increase in quarterly revenue from the previous year.

Wells Fargo & Company has revealed it’s paid a quarterly dividend, issuing $0.35 to stockholders of record preceding the payout date. This represents a 2.84% dividend yield with a 30.24% payout ratio.

Wells Fargo & Company is a diversified financial services company, operating internationally and providing banking, investment, mortgage, and consumer and commercial finance products and services. It is divided into four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.

Three investment agencies recently gave their views on Wells Fargo & Company, modifying their pricing objectives.



Read more: Wells Fargo & Company (NYSE:WFC) Shares Purchased by QV Investors Inc.