Hurlow Wealth Management Group Inc. Buys 718 Shares of Wells Fargo & Company (NYSE:WFC)

Hurlow Wealth Management Group Inc. grew its stake in Wells Fargo & Company (NYSE:WFC) by 10.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,740 shares of the financial services provider’s stock after purchasing an additional 718 shares during the quarter. Hurlow Wealth Management Group Inc.’s holdings in Wells Fargo & Company were worth $302,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WFC. Baron Silver Stevens Financial Advisors LLC purchased a new stake in Wells Fargo & Company in the fourth quarter worth $26,000. Hoover Financial Advisors Inc. purchased a new position in shares of Wells Fargo & Company in the fourth quarter valued at $30,000. RMR Wealth Builders purchased a new position in shares of Wells Fargo & Company in the fourth quarter valued at $30,000. Key Financial Inc purchased a new position in shares of Wells Fargo & Company in the fourth quarter valued at $31,000. Finally, Flagship Private Wealth LLC purchased a new position in shares of Wells Fargo & Company in the fourth quarter valued at $31,000. Institutional investors own 67.25% of the company’s stock.

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Wells Fargo & Company from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, January 18th. Barclays lifted their price target on Wells Fargo & Company from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, April 15th. Robert W. Baird lifted their price target on Wells Fargo & Company from $41.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, April 15th. Jefferies Financial Group boosted their target price on Wells Fargo & Company from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, April 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Wells Fargo & Company from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 1st. Nine analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $40.26.

Shares of NYSE WFC traded down $0.15 during midday trading on Thursday, reaching $43.09. The company had a trading volume of 729,765 shares, compared to its average volume of 35,755,422. Wells Fargo & Company has a one year low of $20.76 and a one year high of $44.40. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 1.34. The firm’s fifty day moving average price is $39.82 and its 200-day moving average price is $31.66. The stock has a market cap of $178.14 billion, a PE ratio of 116.86, a price-to-earnings-growth ratio of 4.84 and a beta of 1.07.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Tuesday, April 13th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.36. The business had revenue of $18.06 billion during the quarter, compared to analyst estimates of $17.42 billion. Wells Fargo & Company had a return on equity of 3.18% and a net margin of 3.72%. Wells Fargo & Company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 EPS. As a group, equities research analysts expect that Wells Fargo & Company will post 0.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Friday, February 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, February 4th. Wells Fargo & Company’s payout ratio is 9.13%.

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating 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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