Wells Fargo & Company (NYSE:WFC) Shares Acquired by Factorial Partners LLC

Factorial Partners LLC raised its position in Wells Fargo & Company (NYSE:WFC) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,100 shares of the financial services provider’s stock after purchasing an additional 2,200 shares during the quarter. Wells Fargo & Company makes up approximately 3.0% of Factorial Partners LLC’s holdings, making the stock its 6th biggest position. Factorial Partners LLC’s holdings in Wells Fargo & Company were worth $3,423,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in Wells Fargo & Company during the 2nd quarter worth $26,000. Csenge Advisory Group raised its position in Wells Fargo & Company by 3.3% in the 3rd quarter. Csenge Advisory Group now owns 21,920 shares of the financial services provider’s stock worth $882,000 after purchasing an additional 700 shares during the last quarter. Chiron Capital Management LLC bought a new position in Wells Fargo & Company in the 2nd quarter worth approximately $681,000. Main Street Financial Solutions LLC raised its position in Wells Fargo & Company by 9.4% in the 2nd quarter. Main Street Financial Solutions LLC now owns 6,020 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 516 shares during the last quarter. Finally, Tranquilli Financial Advisor LLC raised its position in Wells Fargo & Company by 15.3% in the 2nd quarter. Tranquilli Financial Advisor LLC now owns 5,907 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 784 shares during the last quarter. Institutional investors own 72.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WFC. Odeon Capital Group upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $51.79 target price for the company in a research report on Tuesday, January 10th. Jefferies Financial Group lowered shares of Wells Fargo & Company from a “buy” rating to a “hold” rating and reduced their target price for the stock from $49.00 to $46.00 in a research note on Tuesday, January 17th. Morgan Stanley reduced their price objective on shares of Wells Fargo & Company from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, December 15th. Barclays increased their price objective on shares of Wells Fargo & Company from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Piper Sandler downgraded shares of Wells Fargo & Company from an “overweight” rating to a “neutral” rating and cut their target price for the company from $49.00 to $47.00 in a research note on Tuesday, January 17th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.62.

Wells Fargo & Company Trading Down 1.3 %

NYSE:WFC opened at $44.45 on Wednesday. Wells Fargo & Company has a 52 week low of $36.54 and a 52 week high of $60.30. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.08. The company has a fifty day moving average of $43.60 and a 200 day moving average of $43.69. The firm has a market capitalization of $169.38 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.91 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFCGet Rating) last posted its quarterly earnings results on Friday, January 13th. The financial services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. Wells Fargo & Company had a return on equity of 9.28% and a net margin of 15.91%. The company had revenue of $19.66 billion for the quarter, compared to the consensus estimate of $20.04 billion. During the same quarter in the prior year, the business posted $1.38 EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, research analysts predict that Wells Fargo & Company will post 4.86 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 3rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. Wells Fargo & Company’s payout ratio is 38.22%.

Wells Fargo & Company Company Profile

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Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.

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

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