3,533 Shares in Wells Fargo & Company (NYSE:WFC) Acquired by JGP Wealth Management LLC

JGP Wealth Management LLC bought a new stake in Wells Fargo & Company (NYSE:WFC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,533 shares of the financial services provider's stock, valued at approximately $248,000.

Several other large investors have also modified their holdings of WFC. Quad Cities Investment Group LLC boosted its stake in Wells Fargo & Company by 0.3% during the fourth quarter. Quad Cities Investment Group LLC now owns 52,576 shares of the financial services provider's stock worth $3,693,000 after buying an additional 158 shares in the last quarter. Investors Research Corp increased its stake in Wells Fargo & Company by 1.2% in the third quarter. Investors Research Corp now owns 13,461 shares of the financial services provider's stock valued at $760,000 after acquiring an additional 160 shares during the period. Ellenbecker Investment Group raised its position in Wells Fargo & Company by 3.9% in the third quarter. Ellenbecker Investment Group now owns 4,418 shares of the financial services provider's stock worth $250,000 after purchasing an additional 164 shares in the last quarter. Income Research & Management bought a new position in Wells Fargo & Company during the third quarter worth about $211,000. Finally, Modera Wealth Management LLC boosted its holdings in Wells Fargo & Company by 0.9% during 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 purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company's stock.

Wells Fargo & Company Price Performance

Shares of WFC traded up $1.27 during trading hours on Friday, reaching $77.22. 20,609,919 shares of the company's stock traded hands, compared to its average volume of 12,688,081. Wells Fargo & Company has a 12 month low of $46.12 and a 12 month high of $78.13. The stock has a market cap of $257.11 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. The firm's 50 day simple moving average is $72.74 and its 200-day simple moving average is $63.44.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share 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 return on equity of 12.25% and a net margin of 14.43%. Wells Fargo & Company's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 EPS. Equities analysts expect that Wells Fargo & Company will post 5.45 EPS for the current year.

Wells Fargo & Company Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WFC shares. The Goldman Sachs Group upped their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Truist Financial raised their price objective on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday. Compass Point upped their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Citigroup lifted their price objective on Wells Fargo & Company from $67.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Finally, UBS Group boosted their target price on Wells Fargo & Company from $69.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Twelve 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, Wells Fargo & Company has an average rating of "Hold" and a consensus target price of $72.17.

About Wells Fargo & Company

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.