Wells Fargo & Company (NYSE:WFC) Shares Sold by Capital International Investors

Capital International Investors lessened its holdings in Wells Fargo & Company (NYSE:WFC - Free Report) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 45,951,109 shares of the financial services provider's stock after selling 2,987,566 shares during the period. Capital International Investors owned about 1.38% of Wells Fargo & Company worth $3,227,697,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WFC. Alpha DNA Investment Management LLC lifted its holdings in Wells Fargo & Company by 115.0% during the fourth quarter. Alpha DNA Investment Management LLC now owns 75,109 shares of the financial services provider's stock worth $5,276,000 after buying an additional 40,171 shares during the period. Ally Financial Inc. raised its position in shares of Wells Fargo & Company by 20.0% in the 4th quarter. Ally Financial Inc. now owns 36,000 shares of the financial services provider's stock worth $2,529,000 after acquiring an additional 6,000 shares in the last quarter. Greenwood Gearhart Inc. purchased a new stake in shares of Wells Fargo & Company during the 4th quarter worth $271,000. MSH Capital Advisors LLC bought a new stake in Wells Fargo & Company during the fourth quarter valued at about $407,000. Finally, Zacks Investment Management grew its position in shares of Wells Fargo & Company by 6,195.8% in the 4th quarter. Zacks Investment Management now owns 984,104 shares of the financial services provider's stock worth $69,123,000 after buying an additional 968,473 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Trading Up 1.0 %

NYSE:WFC traded up $0.65 on Friday, hitting $64.63. The stock had a trading volume of 18,930,900 shares, compared to its average volume of 17,516,893. The company has a fifty day moving average price of $71.23 and a two-hundred day moving average price of $71.16. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. The stock has a market cap of $211.02 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.18 and a beta of 1.02. 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 announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. The business had revenue of $20.15 billion during the quarter, compared to analysts' expectations of $20.82 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. Equities research analysts expect 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. Stockholders of record on Tuesday, January 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.48%. 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. Barclays decreased their price target on Wells Fargo & Company from $92.00 to $87.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. 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 report on Thursday, January 16th. Piper Sandler dropped their price objective on shares of Wells Fargo & Company from $77.00 to $75.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. 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, April 14th. Finally, Phillip Securities upgraded shares of Wells Fargo & Company from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.34.

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.