Koss Olinger Consulting LLC Sells 3,849 Shares of Wells Fargo & Company (NYSE:WFC)

Koss Olinger Consulting LLC reduced its holdings in Wells Fargo & Company (NYSE:WFC - Free Report) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,536 shares of the financial services provider's stock after selling 3,849 shares during the period. Koss Olinger Consulting LLC's holdings in Wells Fargo & Company were worth $2,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter valued at approximately $34,000. Caprock Group LLC increased its stake in Wells Fargo & Company by 1.5% in the third quarter. Caprock Group LLC now owns 83,671 shares of the financial services provider's stock valued at $4,727,000 after purchasing an additional 1,214 shares in the last quarter. OneAscent Financial Services LLC acquired a new stake in Wells Fargo & Company in the third quarter worth $1,131,000. Prospera Financial Services Inc boosted its position in shares of Wells Fargo & Company by 19.8% during the third quarter. Prospera Financial Services Inc now owns 138,432 shares of the financial services provider's stock worth $7,820,000 after purchasing an additional 22,854 shares in the last quarter. Finally, Wrapmanager Inc. grew its holdings in shares of Wells Fargo & Company by 2.3% in the 3rd quarter. Wrapmanager Inc. now owns 33,844 shares of the financial services provider's stock valued at $1,912,000 after buying an additional 768 shares during the period. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Down 0.0 %

WFC stock traded down $0.01 on Friday, reaching $72.51. 32,620,920 shares of the company traded hands, compared to its average volume of 16,441,602. Wells Fargo & Company has a one year low of $50.15 and a one 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 firm has a fifty day simple moving average of $75.95 and a 200-day simple moving average of $69.42. The company has a market cap of $238.43 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16.

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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. 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 during the quarter, compared to analysts' expectations of $20.58 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The firm's quarterly revenue was down .5% on a year-over-year basis. Research analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed 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. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company's payout ratio is currently 29.74%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Compass Point lifted their target price on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Royal Bank of Canada upgraded Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Thursday, March 13th. Keefe, Bruyette & Woods increased their target price on Wells Fargo & Company from $81.00 to $86.00 and gave the stock a "market perform" rating in a research note on Thursday, January 16th. UBS Group raised their target price on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Finally, Piper Sandler upped their price target on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Wells Fargo & Company has a consensus rating of "Moderate Buy" and a consensus price target of $74.39.

Wells Fargo & 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.