First National Bank Sioux Falls Sells 1,650 Shares of Wells Fargo & Company (NYSE:WFC)

First National Bank Sioux Falls lessened its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,307 shares of the financial services provider’s stock after selling 1,650 shares during the period. First National Bank Sioux Falls’ holdings in Wells Fargo & Company were worth $829,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Signet Financial Management LLC raised its stake in shares of Wells Fargo & Company by 1.5% in the 1st quarter. Signet Financial Management LLC now owns 56,683 shares of the financial services provider’s stock valued at $3,285,000 after purchasing an additional 845 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of Wells Fargo & Company by 3.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 13,414 shares of the financial services provider’s stock worth $778,000 after acquiring an additional 391 shares in the last quarter. Affiance Financial LLC acquired a new stake in shares of Wells Fargo & Company in the first quarter valued at approximately $213,000. Revolve Wealth Partners LLC bought a new stake in shares of Wells Fargo & Company in the first quarter worth $229,000. Finally, Key Client Fiduciary Advisors LLC grew its position in Wells Fargo & Company by 25.0% in the first quarter. Key Client Fiduciary Advisors LLC now owns 6,390 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 1,278 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Trading Up 0.7 %

Shares of NYSE:WFC traded up $0.41 during midday trading on Thursday, reaching $57.42. The company’s stock had a trading volume of 13,641,332 shares, compared to its average volume of 18,464,463. Wells Fargo & Company has a fifty-two week low of $38.38 and a fifty-two week high of $62.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a 50 day moving average price of $59.59 and a two-hundred day moving average price of $54.93. The firm has a market capitalization of $200.18 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.41 and a beta of 1.17.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.10 by $0.10. The company had revenue of $20.86 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.23 EPS. As a group, analysts forecast that Wells Fargo & Company will post 5.14 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Friday, May 10th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, May 9th. Wells Fargo & Company’s payout ratio is 29.23%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WFC shares. Oppenheimer restated a “market perform” rating on shares of Wells Fargo & Company in a research note on Monday, April 15th. StockNews.com upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Evercore ISI upped their price objective on shares of Wells Fargo & Company from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday. Jefferies Financial Group lifted their target price on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Wells Fargo & Company from $59.00 to $61.50 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Fourteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.