Institutional investors are buying more Wells Fargo shares after strong Q3 earnings and a $0.40 dividend.

Institutional investors have been increasing their stakes in Wells Fargo & Co. (WFC), with RIA Advisory Group and Turtle Creek Wealth Advisors among those buying shares. The company reported strong Q3 earnings, beating analysts' expectations, and announced a quarterly dividend of $0.40. WFC's stock reached $74.34 on Friday, with analysts giving mixed ratings, from "hold" to "strong buy," and an average target price of $62.12.

November 16, 2024
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