<div id="readability-page-1"><p>Ransom Advisory Ltd bought a new position in  Wells Fargo &amp; Company (NYSE:WFC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor  bought 20,786 shares of the financial services provider's stock, valued at approximately $1,492,000.</p><ul><li>3 Dividend Stocks Raising Payouts—and Backing It Up With Results</li></ul><p>Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in  Wells Fargo &amp; Company by 277.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,740,934 shares of the financial services provider's stock valued at $771,092,000 after buying an additional 7,894,919 shares during the last quarter.  GAMMA Investing LLC raised its holdings in shares of  Wells Fargo &amp; Company by 7,887.9% in the first quarter. GAMMA Investing LLC now owns 3,393,083 shares of the financial services provider's stock valued at $243,589,000 after purchasing an additional 3,350,605 shares during the last quarter.  Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of  Wells Fargo &amp; Company in the fourth quarter valued at approximately $198,801,000.  Theleme Partners LLP bought a new stake in shares of  Wells Fargo &amp; Company in the fourth quarter worth $187,049,000.  Finally, Zurich Insurance Group Ltd FI acquired a new position in  Wells Fargo &amp; Company during the fourth quarter worth $117,280,000. Institutional investors and hedge funds own  75.90% of the company's stock. </p><div><p><span></span><span>Get <strong>Wells Fargo &amp; Company</strong> alerts:</span></p></div><h2>Wells Fargo &amp; Company Stock Up 2.0%</h2><p>Wells Fargo &amp; Company stock opened at $80.71 on Wednesday. The company's 50-day moving average price is $80.51 and its two-hundred day moving average price is $75.05. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. The stock has a market cap of $258.55 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.23 and a beta of 1.25. Wells Fargo &amp; Company has a twelve month low of $50.22 and a twelve month high of $84.83. </p><ul><li>Consider This Bank ETF Before The Fed Cuts Rate This Fall</li></ul><p>Wells Fargo &amp; Company (NYSE:WFC - Get Free Report) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.13. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.83 billion. Wells Fargo &amp; Company had a return on equity of 12.29% and a net margin of 16.82%.The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 earnings per share.  As a group, analysts expect that  Wells Fargo &amp; Company will post 5.89 EPS for the current year. </p><h2>Wells Fargo &amp; Company Increases Dividend</h2><p>The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. This is a boost from Wells Fargo &amp; Company's previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 8th. Wells Fargo &amp; Company's dividend payout ratio  is currently 30.82%. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Why Prologis May Be the Smartest Backdoor Bet on AI Real Estate</li></ul><p>Several brokerages have commented on WFC. TD Cowen initiated coverage on shares of Wells Fargo &amp; Company in a research report on Thursday, May 15th. They set a &#34;hold&#34; rating and a $83.00 price target on the stock. Evercore ISI  reaffirmed an &#34;outperform&#34; rating on shares of Wells Fargo &amp; Company in a research report on Tuesday, July 8th. The Goldman Sachs Group reduced their price target on Wells Fargo &amp; Company from $92.00 to $91.00 and set a &#34;buy&#34; rating for the company in a research report on Wednesday, July 16th. Citigroup  restated a &#34;neutral&#34; rating on shares of Wells Fargo &amp; Company in a research note on Tuesday, July 8th. Finally, Raymond James Financial cut Wells Fargo &amp; Company from a &#34;strong-buy&#34; rating to a &#34;market perform&#34; rating in a research note on Monday, July 7th. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Wells Fargo &amp; Company  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $82.56.</p><p><b>Get Our Latest Analysis on Wells Fargo &amp; Company</b></p><h2>About Wells Fargo &amp; Company</h2> (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>See Also</h2><ul><li>Five stocks we like better than Wells Fargo &amp; Company</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>CoreWeave and Madrigal's Insider Trades Flash Bullish Signals</li><li>Using the MarketBeat Stock Split Calculator</li><li>August's Most Upgraded: 3 Stocks With +20 Price Target Increases</li><li>How to find penny stocks to invest and trade </li><li>Is Qualcomm Tesla’s Next Rival in Autonomous Driving?</li></ul><p><strong>Want to see what other hedge funds are holding WFC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo &amp; Company (NYSE:WFC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdGQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdGQw"/></p><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>Ransom Advisory Ltd acquired 20,786 shares of Wells Fargo & Company (NYSE:WFC) in Q1, valued at approximately $1.49 million. Other institutional investors also increased their stakes, with Massachusetts Financial Services Co. raising its position by 277.4%. Wells Fargo's stock opened at $80.71, with a market cap of $258.55 billion. The company reported $1.54 EPS for the last quarter, exceeding estimates, and recently increased its quarterly dividend to $0.45. Analysts have mixed ratings on the stock, with an average target price of $82.56.</p>

20,786 Shares in Wells Fargo & Company $WFC Bought by Ransom Advisory Ltd