Householder Group Estate & Retirement Specialist LLC Trims Stock Holdings in Wells Fargo & Company (NYSE:WFC)

Householder Group Estate & Retirement Specialist LLC trimmed its holdings in Wells Fargo & Company (NYSE:WFC) by 66.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 742 shares of the financial services provider’s stock after selling 1,458 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in Wells Fargo & Company were worth $52,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Edgestream Partners L.P. bought a new position in Wells Fargo & Company in the second quarter worth approximately $272,000. Benjamin Edwards Inc. grew its stake in Wells Fargo & Company by 4.4% in the second quarter. Benjamin Edwards Inc. now owns 13,677 shares of the financial services provider’s stock worth $812,000 after purchasing an additional 572 shares in the last quarter. AE Wealth Management LLC boosted its position in Wells Fargo & Company by 16.4% during the 2nd quarter. AE Wealth Management LLC now owns 93,970 shares of the financial services provider’s stock valued at $5,581,000 after acquiring an additional 13,241 shares in the last quarter. Pacer Advisors Inc. boosted its position in Wells Fargo & Company by 0.9% during the 2nd quarter. Pacer Advisors Inc. now owns 248,325 shares of the financial services provider’s stock valued at $14,748,000 after acquiring an additional 2,255 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in Wells Fargo & Company by 36.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 74,786 shares of the financial services provider’s stock valued at $4,442,000 after acquiring an additional 19,790 shares in the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Company Stock Performance

Shares of WFC stock opened at $77.22 on Friday. The firm has a market capitalization of $257.11 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.85 and a quick ratio of 0.85. The business has a fifty day moving average of $72.74 and a 200 day moving average of $63.44. Wells Fargo & Company has a 1 year low of $46.12 and a 1 year high of $78.13.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. The business had revenue of $20.38 billion during the quarter, compared to analyst estimates of $20.58 billion. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. As a group, research analysts expect that Wells Fargo & Company will post 5.45 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 8th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, November 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 33.26%.

Analyst Ratings Changes

Several analysts have issued reports on WFC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $61.00 target price on shares of Wells Fargo & Company in a research report on Monday, October 14th. Phillip Securities raised Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and increased their target price for the company from $60.83 to $65.00 in a research report on Tuesday, October 15th. Evercore ISI increased their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Citigroup increased their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Finally, Piper Sandler increased their target price on Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $73.39.

Wells Fargo & Company 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.