Wells Fargo & Company (NYSE:WFC) Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its position in shares of Wells Fargo & Company (NYSE:WFC) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,250 shares of the financial services provider’s stock after purchasing an additional 4,038 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Wells Fargo & Company were worth $2,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Financial Corp IN boosted its stake in Wells Fargo & Company by 4.9% during the 4th quarter. First Financial Corp IN now owns 4,595 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 214 shares in the last quarter. CX Institutional boosted its stake in shares of Wells Fargo & Company by 1.1% during the 4th quarter. CX Institutional now owns 20,280 shares of the financial services provider’s stock worth $998,000 after acquiring an additional 217 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of Wells Fargo & Company by 19.1% during the 4th quarter. SJS Investment Consulting Inc. now owns 1,523 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 244 shares in the last quarter. Cape Cod Five Cents Savings Bank boosted its stake in shares of Wells Fargo & Company by 4.6% during the 4th quarter. Cape Cod Five Cents Savings Bank now owns 5,625 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 245 shares in the last quarter. Finally, Security National Bank of SO Dak boosted its stake in shares of Wells Fargo & Company by 3.0% during the 3rd quarter. Security National Bank of SO Dak now owns 8,591 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 252 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WFC shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $62.00 price objective (up from $56.00) on shares of Wells Fargo & Company in a research note on Wednesday. Odeon Capital Group lowered Wells Fargo & Company from a “buy” rating to a “hold” rating and set a $48.80 price objective for the company. in a research note on Thursday, January 18th. Barclays raised their price objective on Wells Fargo & Company from $54.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Raymond James raised their price objective on Wells Fargo & Company from $55.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 16th. Finally, HSBC raised their price objective on Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday. Twelve investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.85.

Wells Fargo & Company Trading Up 0.6 %

WFC stock traded up $0.35 during trading on Friday, hitting $57.96. The company had a trading volume of 14,618,982 shares, compared to its average volume of 19,896,764. The firm has a 50-day moving average price of $53.23 and a 200-day moving average price of $47.09. The stock has a market cap of $205.20 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.20 and a beta of 1.19. Wells Fargo & Company has a 12 month low of $36.27 and a 12 month high of $58.44. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Friday, January 12th. The financial services provider reported $0.86 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.30). The business had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $20.30 billion. Wells Fargo & Company had a net margin of 16.60% and a return on equity of 12.40%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. As a group, analysts predict that Wells Fargo & Company will post 4.72 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 2nd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 1st. Wells Fargo & Company’s payout ratio is 29.05%.

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.