Wells Fargo & Company (NYSE:WFC) Shares Purchased by McAdam LLC

McAdam LLC lifted its position in shares of Wells Fargo & Company (NYSE:WFC) by 10.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,223 shares of the financial services provider’s stock after purchasing an additional 596 shares during the period. McAdam LLC’s holdings in Wells Fargo & Company were worth $437,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacific Sage Partners LLC purchased a new stake in shares of Wells Fargo & Company during the 4th quarter worth approximately $230,000. Jacobsen Capital Management increased its position in shares of Wells Fargo & Company by 2.8% during the fourth quarter. Jacobsen Capital Management now owns 5,420 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 148 shares in the last quarter. WFA Asset Management Corp boosted its position in shares of Wells Fargo & Company by 892.1% in the 4th quarter. WFA Asset Management Corp now owns 6,032 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 5,424 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in Wells Fargo & Company by 1.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 26,850 shares of the financial services provider’s stock worth $1,886,000 after buying an additional 304 shares during the last quarter. Finally, Greenleaf Trust lifted its stake in Wells Fargo & Company by 2.5% in the fourth quarter. Greenleaf Trust now owns 74,153 shares of the financial services provider’s stock valued at $5,209,000 after buying an additional 1,791 shares during the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Down 0.0 %

WFC stock opened at $78.81 on Monday. Wells Fargo & Company has a one year low of $47.45 and a one year high of $79.29. The company has a 50 day moving average price of $73.59 and a two-hundred day moving average price of $64.75. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market capitalization of $262.40 billion, a P/E ratio of 14.65, a PEG ratio of 1.19 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) 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 12.38% and a net margin of 15.73%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. As a group, sell-side analysts expect that Wells Fargo & Company will post 5.84 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. Wells Fargo & Company’s dividend payout ratio is currently 29.74%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WFC shares. Truist Financial lifted their target price on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group upped their target price on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a report on Friday, December 6th. Citigroup boosted their price target 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. Wolfe Research raised Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Tuesday, October 8th. Finally, Piper Sandler upped their price target on Wells Fargo & Company from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Wells Fargo & Company has an average rating of “Hold” and an average price target of $73.39.

Wells Fargo & 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.