<div id="readability-page-1"><p>Wells Fargo &amp; Company (NYSE:WFC)'s stock price shot up 1% on Monday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $80.00 and last traded at $79.92. 2,182,058 shares were traded  during mid-day trading, a decline of 87% from the average session volume of 17,101,895 shares. The stock had previously closed at $79.10.</p><ul><li>3 Dividend Stocks Raising Payouts—and Backing It Up With Results</li></ul><p>Several other research analysts have also issued reports on WFC. Raymond James Financial lowered Wells Fargo &amp; Company from a &#34;strong-buy&#34; rating to a &#34;market perform&#34; rating in a research report on Monday, July 7th. Dbs Bank upgraded Wells Fargo &amp; Company from a &#34;hold&#34; rating to a &#34;moderate buy&#34; rating in a report on Thursday, July 17th. Truist Financial increased their target price on shares of Wells Fargo &amp; Company from $83.00 to $86.00 and gave the company a &#34;buy&#34; rating in a research report on Wednesday, July 9th. Bank of America boosted their price target on Wells Fargo &amp; Company from $83.00 to $90.00 and gave the company a &#34;buy&#34; rating in a report on Wednesday, June 4th. Finally, Cowen  restated a &#34;hold&#34; rating on shares of Wells Fargo &amp; Company in a research note on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued  a Hold rating to the company. According to MarketBeat.com, Wells Fargo &amp; Company presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $81.58.</p><div><p><span></span><span>Get <strong>Wells Fargo &amp; Company</strong> alerts:</span></p></div><p><b>Get Our Latest Analysis on WFC</b></p><h2>Institutional Inflows and Outflows</h2><ul><li>Consider This Bank ETF Before The Fed Cuts Rate This Fall</li></ul><p>A number of large investors have recently bought and sold shares of WFC. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of  Wells Fargo &amp; Company by 2,735,254.3% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 949,769,723 shares of the financial services provider's stock worth $76,095,550,000 after buying an additional 949,735,001 shares during the period.  Vanguard Group Inc. lifted its holdings in  Wells Fargo &amp; Company by 0.4% in the second quarter. Vanguard Group Inc. now owns 302,092,955 shares of the financial services provider's stock worth $24,203,688,000 after purchasing an additional 1,341,222 shares during the period.  Norges Bank purchased a new stake in shares of  Wells Fargo &amp; Company during the second quarter valued at $3,990,551,000.  Northern Trust Corp boosted its position in shares of  Wells Fargo &amp; Company by 10.7% in the 4th quarter. Northern Trust Corp now owns 34,339,295 shares of the financial services provider's stock valued at $2,411,992,000 after purchasing an additional 3,307,855 shares during the period.  Finally, Dimensional Fund Advisors LP increased its stake in  Wells Fargo &amp; Company by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 20,497,429 shares of the financial services provider's stock worth $1,471,259,000 after purchasing an additional 128,207 shares in the last quarter. Institutional investors own  75.90% of the company's stock. </p><h2>Wells Fargo &amp; Company Trading Up 1.1%</h2><p>The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.06. The stock has a market cap of $256.18 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.23 and a beta of 1.20. The company has a fifty day simple moving average of $79.55 and a 200-day simple moving average of $74.88. </p><ul><li>Why Prologis May Be the Smartest Backdoor Bet on AI Real Estate</li></ul><p>Wells Fargo &amp; Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.13. Wells Fargo &amp; Company had a net margin of 16.82% and a return on equity of 12.29%. The business had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.83 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. The firm's revenue was up .6% compared to the same quarter last year.  On average, research analysts forecast that  Wells Fargo &amp; Company will post 5.89 earnings per share for the current fiscal year. </p><h2>Wells Fargo &amp; Company Increases Dividend</h2><p>The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Friday, August 8th will be paid a dividend of $0.45 per share. This is a positive change from Wells Fargo &amp; Company's previous quarterly dividend of $0.40. The ex-dividend date is Friday, August 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. Wells Fargo &amp; Company's dividend payout ratio (DPR) is currently 30.82%. </p><p>Wells Fargo &amp; Company declared that its board has approved a stock buyback program on Tuesday, April 29th that allows the company to buyback $40.00 billion in  outstanding  shares. This buyback authorization allows the financial services provider to repurchase up to 17.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued. </p><h2>About Wells Fargo &amp; Company</h2> (Get Free Report)<p>Wells Fargo &amp; 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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Wells Fargo &amp; Company</li><li>What Investors Need to Know About Upcoming IPOs</li><li>Top 5 ETFs and Stocks to Watch as the Fed Eyes Rate Cuts</li><li>What is the S&amp;P/TSX Index?</li><li>Take Profits Now: 3 Overbought Stocks Primed for a Pullback</li><li>What Does a Stock Split Mean? </li><li>Why Zuckerberg's META Sales Look More Bullish Than Bearish</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Wells Fargo &amp; Company Right Now?</h2><p>Before you consider Wells Fargo &amp; Company, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wells Fargo &amp; Company wasn't on the list.</p><p>While Wells Fargo &amp; Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wells Fargo & Company (NYSE:WFC) saw its stock price rise by 1% following an upgrade from Wall Street Zen, moving from a sell to a hold rating. The stock traded at $79.92, with a significant drop in trading volume. Analysts have mixed ratings, with 11 recommending buy and 7 hold. Institutional investors own 75.90% of the stock. The company reported earnings of $1.54 per share, exceeding estimates, and announced a dividend increase to $0.45 per share, reflecting a positive outlook.</p>

Wells Fargo & Company (NYSE:WFC) Stock Price Up 1% on Analyst Upgrade