5 Best Bank Stocks to Buy Now

3. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 83

Wells Fargo & Company (NYSE:WFC) is a diversified banking company. It provides banking, investment, mortgage, and consumer and commercial finance products and services in the U.S. and globally.

An ‘Overweight’ rating was reiterated on Wells Fargo & Company (NYSE:WFC) shares on July 17 by analyst Jason Goldberg at Barclays. Goldberg also placed a $58 price target on the stock.

This July, Wells Fargo & Company (NYSE:WFC) raised its quarterly dividend to $0.30 per share. This represents a 20% increase from the company’s previous dividend of $0.25.

Wells Fargo & Company (NYSE:WFC) was in the 13F portfolios of 83 hedge funds at the end of the second quarter. Their total stake value was $5.2 billion.