Brady Martz Wealth Solutions LLC Makes New $336,000 Investment in Wells Fargo & Company (NYSE:WFC)

Brady Martz Wealth Solutions LLC purchased a new stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,724 shares of the financial services provider's stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WFC. Artemis Investment Management LLP grew its position in shares of Wells Fargo & Company by 410.8% in the 4th quarter. Artemis Investment Management LLP now owns 1,374,812 shares of the financial services provider's stock worth $96,567,000 after buying an additional 1,105,679 shares during the period. Steigerwald Gordon & Koch Inc. boosted its stake in Wells Fargo & Company by 1.2% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 341,746 shares of the financial services provider's stock worth $24,004,000 after acquiring an additional 3,913 shares in the last quarter. Kelly Financial Services LLC bought a new position in shares of Wells Fargo & Company during the fourth quarter valued at approximately $5,056,000. Cadinha & Co. LLC lifted its holdings in shares of Wells Fargo & Company by 1.6% during the fourth quarter. Cadinha & Co. LLC now owns 24,954 shares of the financial services provider's stock valued at $1,753,000 after purchasing an additional 382 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in shares of Wells Fargo & Company by 10.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 19,628 shares of the financial services provider's stock worth $1,379,000 after purchasing an additional 1,862 shares in the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WFC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a research note on Thursday. Wolfe Research raised Wells Fargo & Company from a "peer perform" rating to an "outperform" rating and set a $65.00 price target for the company in a research report on Tuesday, October 8th. Phillip Securities raised shares of Wells Fargo & Company from a "neutral" rating to an "accumulate" rating and increased their price objective for the company from $60.83 to $65.00 in a research report on Tuesday, October 15th. Truist Financial upped their target price on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, The Goldman Sachs Group increased their price target on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a "buy" rating in a report on Friday, December 6th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $73.39.

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock traded up $1.27 on Monday, hitting $77.22. 20,609,919 shares of the company's stock were exchanged, compared to its average volume of 12,688,081. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $257.11 billion, a PE ratio of 16.05, a PEG ratio of 1.39 and a beta of 1.18. Wells Fargo & Company has a 1 year low of $46.12 and a 1 year high of $78.13. The company has a 50-day simple moving average of $72.74 and a 200-day simple moving average of $63.48.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly earnings results 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 12.25% and a net margin of 14.43%. The business had revenue of $20.38 billion during the quarter, compared to analyst estimates of $20.58 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. Wells Fargo & Company's revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts anticipate 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. Shareholders of record on Friday, November 8th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Friday, November 8th. Wells Fargo & Company's payout ratio is 33.26%.

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.