Wells Fargo & Company (NYSE:WFC) Holdings Raised by Capital Analysts LLC

Capital Analysts LLC grew its stake in shares of Wells Fargo & Company (NYSE:WFC) by 12.5% in the 4th quarter, HoldingsChannel reports. The firm owned 2,700 shares of the financial services provider’s stock after acquiring an additional 301 shares during the quarter. Capital Analysts LLC’s holdings in Wells Fargo & Company were worth $133,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Arlington Trust Co LLC purchased a new stake in shares of Wells Fargo & Company during the fourth quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new stake in Wells Fargo & Company in the 4th quarter worth about $29,000. Fortis Group Advisors LLC purchased a new stake in Wells Fargo & Company in the 3rd quarter worth about $25,000. Studio Investment Management LLC purchased a new stake in Wells Fargo & Company in the 4th quarter worth about $28,000. Finally, Venturi Wealth Management LLC lifted its stake in Wells Fargo & Company by 108.0% in the 4th quarter. Venturi Wealth Management LLC now owns 724 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 376 shares in the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WFC has been the subject of several research analyst reports. StockNews.com raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group increased their price objective on Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Argus increased their price objective on Wells Fargo & Company from $57.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $62.00 target price (up from $56.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 27th. Finally, Piper Sandler dropped their target price on Wells Fargo & Company from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Thirteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $58.85.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC opened at $58.74 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $207.96 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.11 and a beta of 1.19. The business’s 50-day simple moving average is $55.63 and its 200-day simple moving average is $48.68. Wells Fargo & Company has a 52 week low of $36.40 and a 52 week high of $59.13.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. The business had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 EPS. As a group, equities research analysts expect that Wells Fargo & Company will post 5.04 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 2nd were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Thursday, February 1st. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.23%.

Wells Fargo & Company Profile

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