Crossmark Global Holdings Inc. Purchases 42,705 Shares of Wells Fargo & Company (NYSE:WFC)

Crossmark Global Holdings Inc. lifted its position in shares of Wells Fargo & Company (NYSE:WFC) by 8.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 553,902 shares of the financial services provider’s stock after buying an additional 42,705 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Wells Fargo & Company were worth $31,290,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WFC. Tyler Stone Wealth Management grew its position in Wells Fargo & Company by 106.5% during the third quarter. Tyler Stone Wealth Management now owns 3,923 shares of the financial services provider’s stock worth $222,000 after buying an additional 2,023 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of Wells Fargo & Company by 4.4% during the 3rd quarter. Baker Avenue Asset Management LP now owns 28,151 shares of the financial services provider’s stock worth $1,590,000 after purchasing an additional 1,194 shares in the last quarter. Colonial River Investments LLC bought a new position in shares of Wells Fargo & Company in the third quarter worth $780,000. Mayflower Financial Advisors LLC raised its stake in Wells Fargo & Company by 3.6% in the third quarter. Mayflower Financial Advisors LLC now owns 5,316 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 184 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in Wells Fargo & Company by 22.6% during the third quarter. Axxcess Wealth Management LLC now owns 80,033 shares of the financial services provider’s stock worth $4,521,000 after purchasing an additional 14,728 shares during the period. Institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WFC shares. Phillip Securities raised shares of Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and raised their target price for the company from $60.83 to $65.00 in a report on Tuesday, October 15th. Royal Bank of Canada restated a “sector perform” rating and set a $61.00 price objective on shares of Wells Fargo & Company in a research report on Monday, October 14th. Morgan Stanley reduced their target price on Wells Fargo & Company from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. Evercore ISI boosted their price target on Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, September 3rd. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.12.

Insider Buying and Selling

In related news, EVP Ather Williams III sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $63.70, for a total transaction of $3,822,000.00. Following the transaction, the executive vice president now directly owns 163,610 shares of the company’s stock, valued at $10,421,957. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Ather Williams III sold 60,000 shares of Wells Fargo & Company stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $63.70, for a total transaction of $3,822,000.00. Following the sale, the executive vice president now directly owns 163,610 shares in the company, valued at $10,421,957. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Beurden Saul Van sold 35,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $61.99, for a total transaction of $2,169,650.00. Following the completion of the transaction, the executive vice president now owns 126,687 shares in the company, valued at approximately $7,853,327.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

Wells Fargo & Company Stock Up 0.9 %

NYSE:WFC traded up $0.62 during trading hours on Friday, reaching $70.04. The company had a trading volume of 14,270,937 shares, compared to its average volume of 20,588,524. Wells Fargo & Company has a twelve month low of $40.27 and a twelve month high of $74.27. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.09. The firm has a market cap of $233.20 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.63 and a beta of 1.14. The business’s 50-day simple moving average is $59.59 and its two-hundred day simple moving average is $58.86.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.14. The firm had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.40 billion. Wells Fargo & Company had a net margin of 14.43% and a return on equity of 12.25%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 earnings per share. On average, equities analysts expect that Wells Fargo & Company will post 5.39 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 8th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 8th. This represents a $1.60 annualized dividend and a dividend yield of 2.28%. Wells Fargo & Company’s payout ratio is 33.26%.

Wells Fargo & Company Company Profile

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.