Wells Fargo & Company (NYSE:WFC) Stock Holdings Lifted by Syon Capital LLC

Syon Capital LLC boosted its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,053 shares of the financial services provider’s stock after acquiring an additional 246 shares during the quarter. Syon Capital LLC’s holdings in Wells Fargo & Company were worth $1,338,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Morse Asset Management Inc acquired a new stake in shares of Wells Fargo & Company during the third quarter worth approximately $487,000. Tudor Financial Inc. acquired a new position in Wells Fargo & Company during the 3rd quarter worth about $468,000. Anchor Investment Management LLC grew its holdings in Wells Fargo & Company by 5.5% during the 3rd quarter. Anchor Investment Management LLC now owns 15,903 shares of the financial services provider’s stock worth $898,000 after acquiring an additional 836 shares during the last quarter. World Investment Advisors LLC raised its stake in shares of Wells Fargo & Company by 1,263.8% in the third quarter. World Investment Advisors LLC now owns 75,432 shares of the financial services provider’s stock worth $4,261,000 after acquiring an additional 69,901 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Wells Fargo & Company by 4.5% during the third quarter. Tidal Investments LLC now owns 138,813 shares of the financial services provider’s stock worth $7,842,000 after purchasing an additional 5,946 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Up 2.5 %

Wells Fargo & Company stock opened at $67.91 on Thursday. Wells Fargo & Company has a fifty-two week low of $50.15 and a fifty-two week high of $81.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market capitalization of $221.74 billion, a PE ratio of 12.62, a P/E/G ratio of 1.18 and a beta of 1.02. The company’s 50-day moving average is $70.44 and its 200-day moving average is $71.26.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. The firm had revenue of $20.15 billion during the quarter, compared to analysts’ expectations of $20.82 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 earnings per share. Sell-side analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 2.36%. Wells Fargo & Company’s dividend payout ratio is 28.73%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WFC shares. JPMorgan Chase & Co. reduced their target price on shares of Wells Fargo & Company from $82.00 to $73.50 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Piper Sandler reduced their price target on Wells Fargo & Company from $77.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Truist Financial dropped their price objective on Wells Fargo & Company from $84.00 to $73.00 and set a “buy” rating for the company in a report on Monday, April 14th. Raymond James lowered their price target on Wells Fargo & Company from $88.00 to $78.00 and set a “strong-buy” rating for the company in a research note on Monday, April 14th. Finally, Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.34.

Wells Fargo & Company Company Profile

Wells Fargo & 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.