Blueprint Investment Partners LLC Grows Stock Position in Wells Fargo & Company (NYSE:WFC)

Blueprint Investment Partners LLC boosted its holdings in Wells Fargo & Company (NYSE:WFC - Free Report) by 120.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,930 shares of the financial services provider's stock after buying an additional 5,978 shares during the quarter. Blueprint Investment Partners LLC's holdings in Wells Fargo & Company were worth $768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. King Luther Capital Management Corp lifted its position in shares of Wells Fargo & Company by 1.4% during the 3rd quarter. King Luther Capital Management Corp now owns 85,680 shares of the financial services provider's stock worth $4,840,000 after buying an additional 1,200 shares during the last quarter. Pacer Advisors Inc. lifted its position in Wells Fargo & Company by 1.6% in the third quarter. Pacer Advisors Inc. now owns 252,386 shares of the financial services provider's stock valued at $14,257,000 after acquiring an additional 4,061 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Wells Fargo & Company by 10.0% in the third quarter. Eagle Asset Management Inc. now owns 169,501 shares of the financial services provider's stock valued at $9,575,000 after acquiring an additional 15,411 shares during the last quarter. 49 Wealth Management LLC acquired a new position in Wells Fargo & Company in the third quarter valued at $256,000. Finally, Allen Capital Group LLC grew its holdings in shares of Wells Fargo & Company by 17.2% during the third quarter. Allen Capital Group LLC now owns 7,264 shares of the financial services provider's stock worth $410,000 after purchasing an additional 1,064 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of analysts recently issued reports on WFC shares. Truist Financial upped their target price on Wells Fargo & Company from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Compass Point raised their target price on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods upped 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 report on Thursday, January 16th. Morgan Stanley upped their target price on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Finally, Barclays raised their price target on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a 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 company. According to data from MarketBeat, Wells Fargo & Company has an average rating of "Moderate Buy" and a consensus target price of $74.18.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC traded down $1.14 on Thursday, reaching $72.33. 10,451,698 shares of the company were exchanged, compared to its average volume of 16,373,386. The company has a 50-day moving average of $75.97 and a 200-day moving average of $69.80. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The firm has a market cap of $236.17 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. 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 released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The firm had revenue of $20.38 billion for the quarter, compared to the consensus estimate of $20.58 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm's revenue was down .5% on a year-over-year basis. Equities analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, February 7th. Wells Fargo & Company's dividend payout ratio is currently 29.74%.

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.