10,523 Shares in Wells Fargo & Company (NYSE:WFC) Purchased by Atlas Wealth LLC

Atlas Wealth LLC bought a new position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,523 shares of the financial services provider's stock, valued at approximately $739,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC bought a new stake in Wells Fargo & Company in the 4th quarter valued at about $26,000. Truvestments Capital LLC acquired a new position in Wells Fargo & Company during the 3rd quarter worth approximately $29,000. Modus Advisors LLC bought a new position in Wells Fargo & Company in the 4th quarter valued at approximately $30,000. McClarren Financial Advisors Inc. acquired a new stake in Wells Fargo & Company in the fourth quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. boosted its position in Wells Fargo & Company by 126.7% in the fourth quarter. Rakuten Securities Inc. now owns 424 shares of the financial services provider's stock valued at $30,000 after buying an additional 237 shares in the last quarter. Institutional investors own 75.90% of the company's stock.

Wells Fargo & Company Stock Down 0.1 %

WFC traded down $0.06 during midday trading on Tuesday, reaching $74.23. 2,181,458 shares of the company were exchanged, compared to its average volume of 16,416,712. The company's fifty day moving average price is $76.03 and its 200 day moving average price is $69.62. Wells Fargo & Company has a one year low of $50.15 and a one year high of $81.50. The company has a market cap of $244.07 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86.

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Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.09. The firm had revenue of $20.38 billion for the quarter, compared to the consensus estimate 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 firm earned $0.86 EPS. As a group, analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.16%. Wells Fargo & Company's dividend payout ratio is currently 29.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group boosted their price objective on Wells Fargo & Company from $69.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods raised their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Citigroup reduced their price objective on shares of Wells Fargo & Company from $82.00 to $78.00 and set a "neutral" rating on the stock in a research note on Monday. The Goldman Sachs Group lifted their price objective on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Truist Financial upped their price target on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.18.

Wells Fargo & Company 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.