MSH Capital Advisors LLC Makes New $407,000 Investment in Wells Fargo & Company (NYSE:WFC)

MSH Capital Advisors LLC purchased a new stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,788 shares of the financial services provider's stock, valued at approximately $407,000.

A number of other large investors have also modified their holdings of the company. Zacks Investment Management raised its stake in Wells Fargo & Company by 6,195.8% during the fourth quarter. Zacks Investment Management now owns 984,104 shares of the financial services provider's stock worth $69,123,000 after purchasing an additional 968,473 shares during the period. Marshall Wace LLP boosted its position in shares of Wells Fargo & Company by 219.5% in the 4th quarter. Marshall Wace LLP now owns 1,335,000 shares of the financial services provider's stock valued at $93,770,000 after purchasing an additional 917,103 shares during the period. Finer Wealth Management Inc. acquired a new position in Wells Fargo & Company during the 4th quarter worth approximately $238,000. Evergreen Capital Management LLC grew its position in Wells Fargo & Company by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 27,166 shares of the financial services provider's stock worth $1,908,000 after buying an additional 263 shares during the period. Finally, Regal Investment Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the 4th quarter worth about $286,000. 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 commented on the stock. Royal Bank of Canada upgraded 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 report on Thursday, March 13th. Morgan Stanley boosted their price target on Wells Fargo & Company from $79.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, April 7th. Citigroup dropped their price target on Wells Fargo & Company from $82.00 to $78.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Bank of America cut their target price on Wells Fargo & Company from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Barclays reduced their price target on shares of Wells Fargo & Company from $92.00 to $87.00 and set an "overweight" rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $75.34.

Wells Fargo & Company Stock Up 1.0 %

NYSE WFC traded up $0.65 during mid-day trading on Friday, reaching $64.63. The stock had a trading volume of 18,930,900 shares, compared to its average volume of 17,584,163. 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 stock has a market cap of $211.02 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.18 and a beta of 1.02. The company has a fifty day moving average price of $71.23 and a 200 day moving average price of $71.05. Wells Fargo & Company has a 1 year low of $50.15 and a 1 year high of $81.50.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business had revenue of $20.15 billion during the quarter, compared to analyst estimates of $20.82 billion. During the same period last year, the firm posted $1.20 EPS. The company's revenue was down 3.4% on a year-over-year basis. On average, research analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.48%. Wells Fargo & Company's dividend payout ratio is presently 28.73%.

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.