Wells Fargo & Company (NYSE:WFC) Shares Bought by Capital Analysts LLC

Capital Analysts LLC raised its holdings in Wells Fargo & Company (NYSE:WFC) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WFC. Keel Point LLC raised its stake in shares of Wells Fargo & Company by 14.6% during the 4th quarter. Keel Point LLC now owns 8,381 shares of the financial services provider’s stock worth $413,000 after buying an additional 1,067 shares during the last quarter. Sippican Capital Advisors raised its stake in shares of Wells Fargo & Company by 83.7% during the 4th quarter. Sippican Capital Advisors now owns 15,233 shares of the financial services provider’s stock worth $750,000 after buying an additional 6,940 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Wells Fargo & Company by 34.5% during the 4th quarter. Mackenzie Financial Corp now owns 1,690,924 shares of the financial services provider’s stock worth $83,227,000 after buying an additional 433,292 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Wells Fargo & Company by 2.8% during the 4th quarter. Bison Wealth LLC now owns 49,363 shares of the financial services provider’s stock worth $2,430,000 after buying an additional 1,333 shares during the last quarter. Finally, Cullen Investment Group LTD. acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth $688,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Stock Up 2.7 %

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. Wells Fargo & Company has a 1 year low of $36.40 and a 1 year high of $59.13. The stock has a market capitalization of $207.96 billion, a P/E ratio of 12.26, a PEG ratio of 1.11 and a beta of 1.19. The stock has a 50-day simple moving average of $55.63 and a 200-day simple moving average of $48.68.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.10. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The business had revenue of $20.86 billion during the quarter, compared to analysts’ expectations of $20.19 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts forecast that Wells Fargo & Company will post 5.04 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $51.00 target price on shares of Wells Fargo & Company in a research note on Tuesday, January 9th. Evercore ISI boosted their target price on shares of Wells Fargo & Company from $58.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Piper Sandler cut their target price on shares of Wells Fargo & Company from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $62.00 target price (up previously from $56.00) on shares of Wells Fargo & Company in a research note on Wednesday, March 27th. Thirteen 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $58.85.

About Wells Fargo & Company

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.