74,304 Shares in Wells Fargo & Company (NYSE:WFC) Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 74,304 shares of the financial services provider's stock, valued at approximately $5,219,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WFC. Rialto Wealth Management LLC bought a new position in shares of Wells Fargo & Company in the 4th quarter worth about $26,000. Investment Counsel Co. of Nevada acquired a new position in Wells Fargo & Company in the fourth quarter valued at approximately $28,000. Modus Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter worth approximately $30,000. McClarren Financial Advisors Inc. bought a new stake in Wells Fargo & Company in the fourth quarter valued at $30,000. Finally, Rakuten Securities Inc. boosted its position in shares of Wells Fargo & Company by 126.7% during the 4th quarter. Rakuten Securities Inc. now owns 424 shares of the financial services provider's stock worth $30,000 after purchasing an additional 237 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Price Performance

Shares of NYSE WFC traded up $0.65 during mid-day trading on Friday, reaching $64.63. 18,930,900 shares of the company were exchanged, compared to its average volume of 17,611,591. The stock has a market capitalization of $211.02 billion, a PE ratio of 12.01, a PEG ratio of 1.18 and a beta of 1.02. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 52 week low of $50.15 and a 52 week high of $81.50. The company's 50 day moving average price is $71.53 and its 200 day moving average price is $70.98.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. The firm had revenue of $20.15 billion for the quarter, compared to analyst estimates of $20.82 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company's revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 EPS. Sell-side analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.48%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company's dividend payout ratio is presently 28.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WFC shares. Phillip Securities raised Wells Fargo & Company from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday. Barclays reduced their price objective on shares of Wells Fargo & Company from $92.00 to $87.00 and set an "overweight" rating for the company in a report on Monday. Raymond James cut their price target on Wells Fargo & Company from $88.00 to $78.00 and set a "strong-buy" rating for the company in a research note on Monday. Piper Sandler dropped their target price on Wells Fargo & Company from $77.00 to $75.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Citigroup cut 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 report on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $75.34.

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.