BSW Wealth Partners Buys New Shares in Wells Fargo & Company (NYSE:WFC)

BSW Wealth Partners acquired a new position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,268 shares of the financial services provider's stock, valued at approximately $230,000.

Several other institutional investors have also made changes to their positions in the business. Stonegate Investment Group LLC increased its position in shares of Wells Fargo & Company by 1.3% during the 4th quarter. Stonegate Investment Group LLC now owns 46,036 shares of the financial services provider's stock worth $3,234,000 after purchasing an additional 603 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Wells Fargo & Company by 2.0% during the fourth quarter. Perigon Wealth Management LLC now owns 197,187 shares of the financial services provider's stock worth $14,976,000 after buying an additional 3,880 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $21,787,000. Greenup Street Wealth Management LLC acquired a new position in shares of Wells Fargo & Company in the 4th quarter worth approximately $1,511,000. Finally, Lebenthal Global Advisors LLC boosted its holdings in shares of Wells Fargo & Company by 3.0% in the 4th quarter. Lebenthal Global Advisors LLC now owns 15,109 shares of the financial services provider's stock worth $1,061,000 after acquiring an additional 433 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Trading Up 0.7 %

Shares of WFC stock traded up $0.52 on Thursday, hitting $78.89. The stock had a trading volume of 11,274,402 shares, compared to its average volume of 15,037,433. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a twelve month low of $47.45 and a twelve month high of $79.24. The company has a fifty day moving average price of $73.45 and a two-hundred day moving average price of $64.48. The firm has a market cap of $262.67 billion, a P/E ratio of 14.66, a PEG ratio of 1.17 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.09. The firm had revenue of $20.38 billion during the quarter, compared to analysts' expectations of $20.58 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 .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 earnings per share. As a group, analysts forecast that Wells Fargo & Company will post 5.84 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 2.03%. Wells Fargo & Company's dividend payout ratio is currently 29.74%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group lifted their price objective on Wells Fargo & Company from $69.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Truist Financial lifted their price target on Wells Fargo & Company from $82.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Royal Bank of Canada reissued a "sector perform" rating and set a $61.00 price objective on shares of Wells Fargo & Company in a report on Monday, October 14th. Barclays upped their target price on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, Citigroup raised their price target on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $73.39.

About Wells Fargo & Company

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.