Wells Fargo & Company (NYSE:WFC) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. lessened its stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 25.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,500 shares of the financial services provider's stock after selling 10,500 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in Wells Fargo & Company were worth $2,213,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WFC. Truvestments Capital LLC purchased a new stake in Wells Fargo & Company in the third quarter valued at $29,000. Modus Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth about $30,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Wells Fargo & Company in the 4th quarter valued at about $30,000. Decker Retirement Planning Inc. acquired a new stake in shares of Wells Fargo & Company in the 4th quarter valued at about $32,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock traded down $1.20 during mid-day trading on Friday, reaching $77.43. The company had a trading volume of 18,202,694 shares, compared to its average volume of 15,263,509. The stock's 50-day simple moving average is $75.06 and its 200-day simple moving average is $66.73. Wells Fargo & Company has a 1 year low of $50.15 and a 1 year high of $81.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market capitalization of $257.81 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.20 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released 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. The firm had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. Wells Fargo & Company's quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. On average, equities analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be given a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.07%. Wells Fargo & Company's dividend payout ratio is presently 29.74%.

Analysts Set New Price Targets

WFC has been the subject of several research analyst reports. UBS Group increased their price objective on Wells Fargo & Company from $69.00 to $85.00 and gave the company a "buy" rating in a report on Monday, December 9th. Piper Sandler increased their target price on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Evercore ISI raised their price target on Wells Fargo & Company from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Barclays upped their price objective on Wells Fargo & Company from $90.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Morgan Stanley lifted their target price on Wells Fargo & Company from $84.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Wells Fargo & Company currently has a consensus rating of "Hold" and an average target price of $73.39.

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.