First Citizens Financial Corp Has $384,000 Stock Holdings in Wells Fargo & Co (NYSE:WFC)

First Citizens Financial Corp increased its stake in shares of Wells Fargo & Co (NYSE:WFC) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,987 shares of the financial services provider’s stock after purchasing an additional 649 shares during the quarter. First Citizens Financial Corp’s holdings in Wells Fargo & Co were worth $384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WFC. Guggenheim Capital LLC boosted its stake in Wells Fargo & Co by 10.8% during the fourth quarter. Guggenheim Capital LLC now owns 334,945 shares of the financial services provider’s stock worth $18,021,000 after acquiring an additional 32,527 shares in the last quarter. Pearl River Capital LLC bought a new position in Wells Fargo & Co during the fourth quarter worth $256,000. IMS Capital Management boosted its stake in Wells Fargo & Co by 144.6% during the first quarter. IMS Capital Management now owns 27,232 shares of the financial services provider’s stock worth $782,000 after acquiring an additional 16,100 shares in the last quarter. Fulton Bank N.A. boosted its stake in Wells Fargo & Co by 5.5% during the first quarter. Fulton Bank N.A. now owns 20,099 shares of the financial services provider’s stock worth $576,000 after acquiring an additional 1,052 shares in the last quarter. Finally, Global Trust Asset Management LLC boosted its stake in Wells Fargo & Co by 2,869.1% during the first quarter. Global Trust Asset Management LLC now owns 22,001 shares of the financial services provider’s stock worth $658,000 after acquiring an additional 21,260 shares in the last quarter. Hedge funds and other institutional investors own 72.93% of the company’s stock.

NYSE WFC traded down $0.39 during trading hours on Friday, reaching $24.26. 45,570,805 shares of the company were exchanged, compared to its average volume of 45,648,844. Wells Fargo & Co has a 1 year low of $22.00 and a 1 year high of $54.75. The business’s 50 day simple moving average is $26.02 and its 200-day simple moving average is $32.85. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $101.06 billion, a P/E ratio of 20.54, a P/E/G ratio of 36.76 and a beta of 1.15.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.50). Wells Fargo & Co had a return on equity of 4.33% and a net margin of 6.26%. The company had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $18.30 billion. During the same quarter last year, the business posted $1.30 EPS. The business’s quarterly revenue was down 17.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Wells Fargo & Co will post 0.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, August 6th. This represents a $0.40 dividend on an annualized basis and a yield of 1.65%. Wells Fargo & Co’s dividend payout ratio (DPR) is presently 46.58%.

WFC has been the topic of several research analyst reports. Atlantic Securities raised shares of Wells Fargo & Co from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $28.00 to $30.00 in a research note on Wednesday, July 22nd. ValuEngine raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Evercore ISI raised shares of Wells Fargo & Co from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $26.00 to $27.00 in a research note on Wednesday, July 15th. Barclays dropped their price objective on shares of Wells Fargo & Co from $40.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Finally, DA Davidson started coverage on shares of Wells Fargo & Co in a research note on Thursday, May 28th. They issued a “neutral” rating and a $27.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $33.31.

Wells Fargo & Co Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services.

Read More: If I purchase shares through a brokerage account, am I the holder of record?

Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Co (NYSE:WFC).

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

Receive News & Ratings for Wells Fargo & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co and related companies with MarketBeat.com's FREE daily email newsletter.