9,885 Shares in Wells Fargo & Company (NYSE:WFC) Acquired by Crux Wealth Advisors

Crux Wealth Advisors acquired a new position in Wells Fargo & Company (NYSE:WFC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,885 shares of the financial services provider's stock, valued at approximately $694,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WFC. Morse Asset Management Inc acquired a new stake in Wells Fargo & Company in the third quarter valued at approximately $487,000. Tudor Financial Inc. bought a new stake in shares of Wells Fargo & Company in the third quarter valued at approximately $468,000. Anchor Investment Management LLC grew its stake in shares of Wells Fargo & Company by 5.5% in the third quarter. Anchor Investment Management LLC now owns 15,903 shares of the financial services provider's stock worth $898,000 after acquiring an additional 836 shares during the last quarter. World Investment Advisors LLC raised its stake in Wells Fargo & Company by 1,263.8% during the 3rd quarter. World Investment Advisors LLC now owns 75,432 shares of the financial services provider's stock valued at $4,261,000 after purchasing an additional 69,901 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in Wells Fargo & Company by 4.5% in the 3rd quarter. Tidal Investments LLC now owns 138,813 shares of the financial services provider's stock valued at $7,842,000 after purchasing an additional 5,946 shares during the period. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Stock Performance

Shares of WFC traded down $0.37 during trading hours on Wednesday, hitting $64.17. The company had a trading volume of 8,442,159 shares, compared to its average volume of 17,611,411. The firm has a market cap of $209.53 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.18 and a beta of 1.02. 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 business has a fifty day moving average of $72.15 and a 200-day moving average of $70.97. 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 issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 EPS. Equities analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors 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 yield of 2.49%. Wells Fargo & Company's dividend payout ratio is presently 28.73%.

Analyst Ratings Changes

WFC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Wells Fargo & Company from $82.00 to $73.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Piper Sandler reduced their target price on Wells Fargo & Company from $77.00 to $75.00 and set an "overweight" rating for the company in a research report on Monday. Raymond James dropped their price objective on shares of Wells Fargo & Company from $88.00 to $78.00 and set a "strong-buy" rating for the company in a research note on Monday. Truist Financial cut their target price on Wells Fargo & Company from $84.00 to $73.00 and set a "buy" rating for the company in a research report on Monday. Finally, Morgan Stanley boosted their target price on shares of Wells Fargo & Company from $79.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday, April 7th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.