Wells Fargo & Company (NYSE:WFC) Shares Bought by Americana Partners LLC

Americana Partners LLC boosted its position in Wells Fargo & Company (NYSE:WFC - Free Report) by 762.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,791 shares of the financial services provider's stock after purchasing an additional 67,001 shares during the quarter. Americana Partners LLC's holdings in Wells Fargo & Company were worth $5,324,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WFC. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Wells Fargo & Company in the 4th quarter worth $1,656,000. Capital Performance Advisors LLP grew its holdings in shares of Wells Fargo & Company by 146.4% during the 4th quarter. Capital Performance Advisors LLP now owns 4,346 shares of the financial services provider's stock worth $305,000 after purchasing an additional 2,582 shares during the period. Sierra Ocean LLC purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth $188,000. J.W. Cole Advisors Inc. grew its holdings in shares of Wells Fargo & Company by 4.5% during the 4th quarter. J.W. Cole Advisors Inc. now owns 40,735 shares of the financial services provider's stock worth $2,861,000 after purchasing an additional 1,754 shares during the period. Finally, Valmark Advisers Inc. grew its holdings in shares of Wells Fargo & Company by 5.5% during the 4th quarter. Valmark Advisers Inc. now owns 8,300 shares of the financial services provider's stock worth $583,000 after purchasing an additional 431 shares during the period. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Down 2.1 %

Shares of WFC traded down $1.66 during midday trading on Thursday, hitting $78.69. The company had a trading volume of 14,800,325 shares, compared to its average volume of 15,174,527. The company's 50-day simple moving average is $74.90 and its 200-day simple moving average is $66.64. 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 firm has a market capitalization of $262.00 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.21 and a beta of 1.18. Wells Fargo & Company has a 1 year low of $50.15 and a 1 year high of $81.50.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The business had revenue of $20.38 billion during the quarter, compared to analysts' expectations of $20.58 billion. During the same quarter last year, the business posted $0.86 EPS. The business's quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, February 7th. Wells Fargo & Company's dividend payout ratio (DPR) is presently 29.74%.

Analysts Set New Price Targets

WFC has been the subject of a number of research analyst reports. Truist Financial increased their price target on Wells Fargo & Company from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods increased their price target on Wells Fargo & Company from $81.00 to $86.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Piper Sandler increased their price target on Wells Fargo & Company from $62.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Evercore ISI increased their price target on Wells Fargo & Company from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Citigroup increased their price target on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Wells Fargo & Company has a consensus rating of "Hold" and a consensus target price 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.