Groupama Asset Managment Has $5.33 Million Position in Wells Fargo & Company (NYSE:WFC)

Groupama Asset Managment grew its position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 30.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,652 shares of the financial services provider's stock after acquiring an additional 17,841 shares during the quarter. Groupama Asset Managment's holdings in Wells Fargo & Company were worth $5,327,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in Wells Fargo & Company in the 4th quarter valued at approximately $26,000. Rakuten Securities Inc. increased its holdings in shares of Wells Fargo & Company by 126.7% during the fourth quarter. Rakuten Securities Inc. now owns 424 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 237 shares during the period. Modus Advisors LLC bought a new stake in shares of Wells Fargo & Company during the fourth quarter valued at about $30,000. McClarren Financial Advisors Inc. acquired a new stake in Wells Fargo & Company in the fourth quarter worth about $30,000. Finally, Decker Retirement Planning Inc. bought a new position in Wells Fargo & Company in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Wells Fargo & Company Stock Up 1.4 %

Shares of Wells Fargo & Company stock traded up $1.02 on Wednesday, hitting $72.33. 8,823,973 shares of the company traded hands, compared to its average volume of 17,106,851. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 12-month low of $50.15 and a 12-month high of $81.50. The company has a 50-day moving average price of $75.50 and a 200 day moving average price of $70.43. The company has a market cap of $236.17 billion, a PE ratio of 13.44, a PEG ratio of 1.18 and a beta of 1.16.

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Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The firm had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The company's revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts predict that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, February 7th. Wells Fargo & Company's dividend payout ratio is presently 29.74%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WFC shares. Royal Bank of Canada raised shares of Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Thursday, March 13th. Morgan Stanley upped their target price on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods increased their price target on Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. The Goldman Sachs Group boosted their price objective on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Truist Financial upped their price objective on Wells Fargo & Company from $82.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Wells Fargo & Company currently has a consensus rating of "Moderate Buy" and an average price target of $75.39.

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.