Gilbert & Cook Inc. Has $1.78 Million Stock Position in Wells Fargo & Company (NYSE:WFC)

Gilbert & Cook Inc. raised its position in Wells Fargo & Company (NYSE:WFC - Free Report) by 65.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 25,389 shares of the financial services provider's stock after acquiring an additional 10,025 shares during the period. Gilbert & Cook Inc.'s holdings in Wells Fargo & Company were worth $1,783,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in Wells Fargo & Company in the 2nd quarter valued at $105,000. Advisory Alpha LLC increased its position in shares of Wells Fargo & Company by 5.2% in the second quarter. Advisory Alpha LLC now owns 5,490 shares of the financial services provider's stock valued at $326,000 after acquiring an additional 270 shares during the last quarter. RiverFront Investment Group LLC bought a new stake in Wells Fargo & Company during the second quarter worth about $6,927,000. Strategic Investment Solutions Inc. IL acquired a new position in Wells Fargo & Company during the second quarter valued at approximately $26,000. Finally, Creekside Partners acquired a new position in Wells Fargo & Company during the second quarter valued at approximately $566,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Morgan Stanley upped their price objective 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. Piper Sandler increased their price target on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $61.00 target price on shares of Wells Fargo & Company in a report on Monday, October 14th. Finally, Barclays lifted their price target on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $73.39.

Wells Fargo & Company Stock Performance

NYSE WFC traded down $0.73 during trading on Monday, reaching $78.07. The company's stock had a trading volume of 8,973,825 shares, compared to its average volume of 14,729,217. The firm has a 50 day moving average price of $73.59 and a 200 day moving average price of $64.78. Wells Fargo & Company has a 12 month low of $47.45 and a 12 month high of $79.29. The firm has a market capitalization of $259.94 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18. 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 (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 for the quarter, beating analysts' consensus estimates of $1.34 by $0.09. The company had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The firm's quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. As a group, equities analysts anticipate that Wells Fargo & Company will post 5.84 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, February 7th. Wells Fargo & Company's dividend payout ratio (DPR) 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.