Callan Family Office LLC Boosts Holdings in Wells Fargo & Company (NYSE:WFC)

Callan Family Office LLC increased its position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 1,388.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,339 shares of the financial services provider's stock after buying an additional 91,731 shares during the period. Callan Family Office LLC's holdings in Wells Fargo & Company were worth $6,907,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Modus Advisors LLC bought a new position in shares of Wells Fargo & Company in the 4th quarter worth about $30,000. McClarren Financial Advisors Inc. acquired a new stake in Wells Fargo & Company during the fourth quarter worth approximately $30,000. Decker Retirement Planning Inc. bought a new stake in Wells Fargo & Company in the fourth quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Wells Fargo & Company in the fourth quarter valued at approximately $35,000. Finally, BankPlus Trust Department bought a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WFC shares. Citigroup lifted their price objective on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Piper Sandler increased their price objective on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Morgan Stanley upped their price target on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Compass Point boosted their price objective on Wells Fargo & Company from $60.00 to $83.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group boosted their price target on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $73.39.

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Wells Fargo & Company Price Performance

Shares of WFC traded down $3.36 during trading hours on Monday, reaching $67.69. 7,918,531 shares of the company's stock traded hands, compared to its average volume of 16,531,809. 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's 50 day simple moving average is $76.10 and its 200-day simple moving average is $68.59. The stock has a market cap of $222.58 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. Wells Fargo & Company has a 12 month low of $50.15 and a 12 month high of $81.50.

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 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.09. The business had revenue of $20.38 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. Equities analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders 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 2.36%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company's payout ratio is currently 29.74%.

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.