Oregon Public Employees Retirement Fund Has $20.05 Million Stake in Wells Fargo & Company (NYSE:WFC)

Oregon Public Employees Retirement Fund reduced its stake in shares of Wells Fargo & Company (NYSE:WFC) by 2.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 285,411 shares of the financial services provider’s stock after selling 5,868 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Wells Fargo & Company were worth $20,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Wells Fargo & Company in the 3rd quarter valued at $637,000. Assenagon Asset Management S.A. grew its stake in Wells Fargo & Company by 8.3% in the third quarter. Assenagon Asset Management S.A. now owns 96,400 shares of the financial services provider’s stock valued at $5,446,000 after acquiring an additional 7,415 shares during the period. Modera Wealth Management LLC grew its stake in Wells Fargo & Company by 0.9% in the third quarter. Modera Wealth Management LLC now owns 18,014 shares of the financial services provider’s stock valued at $1,018,000 after acquiring an additional 167 shares during the period. Inscription Capital LLC increased its holdings in shares of Wells Fargo & Company by 4.5% in the third quarter. Inscription Capital LLC now owns 5,635 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 245 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its position in shares of Wells Fargo & Company by 10.0% during the third quarter. TCI Wealth Advisors Inc. now owns 4,841 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 439 shares during the period. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $75.95 on Wednesday. The company has a market cap of $252.87 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.18 and a beta of 1.18. 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 quick ratio of 0.85 and a current ratio of 0.86. The stock has a fifty day moving average price of $75.40 and a 200-day moving average price of $67.44.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.34 by $0.09. The company had revenue of $20.38 billion during the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. As a group, equities analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. Wells Fargo & Company’s payout ratio is presently 29.74%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WFC shares. The Goldman Sachs Group upped their price target 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. Keefe, Bruyette & Woods upped their price objective on Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Evercore ISI lifted 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. Compass Point upped their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, UBS Group lifted their price objective on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a report on Monday, December 9th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Wells Fargo & Company has an average rating of “Hold” and a consensus 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.