ERTS Wealth Advisors LLC Grows Stock Holdings in Wells Fargo & Company (NYSE:WFC)

ERTS Wealth Advisors LLC grew its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,733 shares of the financial services provider’s stock after buying an additional 228 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in Wells Fargo & Company were worth $331,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. First Financial Corp IN grew its stake in Wells Fargo & Company by 4.9% during the fourth quarter. First Financial Corp IN now owns 4,595 shares of the financial services provider’s stock worth $226,000 after buying an additional 214 shares during the period. CX Institutional boosted its stake in shares of Wells Fargo & Company by 1.1% in the fourth quarter. CX Institutional now owns 20,280 shares of the financial services provider’s stock valued at $998,000 after purchasing an additional 217 shares during the period. Prio Wealth Limited Partnership boosted its stake in shares of Wells Fargo & Company by 1.7% in the fourth quarter. Prio Wealth Limited Partnership now owns 14,309 shares of the financial services provider’s stock valued at $704,000 after purchasing an additional 233 shares during the period. SJS Investment Consulting Inc. boosted its stake in shares of Wells Fargo & Company by 19.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 1,523 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 244 shares during the period. Finally, Cape Cod Five Cents Savings Bank boosted its stake in shares of Wells Fargo & Company by 4.6% in the fourth quarter. Cape Cod Five Cents Savings Bank now owns 5,625 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 245 shares during the period. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Company Stock Down 0.4 %

Shares of NYSE:WFC opened at $57.13 on Thursday. The stock has a market capitalization of $202.26 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19. Wells Fargo & Company has a 1-year low of $36.27 and a 1-year high of $58.44. The company’s fifty day moving average is $53.92 and its two-hundred day moving average is $47.54. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.88 and a current ratio of 0.88.

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

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 2nd were issued a $0.35 dividend. The ex-dividend date was Thursday, February 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.45%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.05%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WFC. Compass Point upped their target price on shares of Wells Fargo & Company from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Evercore ISI upped 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. The Goldman Sachs Group upped their target price on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley upped their target price on shares of Wells Fargo & Company from $54.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a report on Tuesday, March 19th. Twelve research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Wells Fargo & Company currently has an average rating of “Hold” and an average target price of $56.68.

Read Our Latest Report on WFC

About Wells Fargo & Company

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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