NatWest Group plc Acquires 63,102 Shares of Wells Fargo & Company (NYSE:WFC)

NatWest Group plc increased its holdings in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 57.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 172,484 shares of the financial services provider's stock after acquiring an additional 63,102 shares during the quarter. Wells Fargo & Company makes up about 3.6% of NatWest Group plc's holdings, making the stock its 12th largest position. NatWest Group plc's holdings in Wells Fargo & Company were worth $12,115,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sanibel Captiva Trust Company Inc. increased its position in Wells Fargo & Company by 6.0% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 14,330 shares of the financial services provider's stock worth $810,000 after buying an additional 807 shares during the last quarter. Franklin Street Advisors Inc. NC increased its position in Wells Fargo & Company by 3.5% in the third quarter. Franklin Street Advisors Inc. NC now owns 44,071 shares of the financial services provider's stock worth $2,490,000 after buying an additional 1,493 shares during the last quarter. BWM Planning LLC purchased a new stake in Wells Fargo & Company in the third quarter worth $3,390,000. Castle Rock Wealth Management LLC increased its position in Wells Fargo & Company by 6.6% in the third quarter. Castle Rock Wealth Management LLC now owns 20,626 shares of the financial services provider's stock worth $1,179,000 after buying an additional 1,273 shares during the last quarter. Finally, Wynn Capital LLC increased its position in Wells Fargo & Company by 2.4% in the third quarter. Wynn Capital LLC now owns 42,566 shares of the financial services provider's stock worth $2,405,000 after buying an additional 1,010 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Price Performance

WFC stock traded down $1.62 during mid-day trading on Monday, hitting $79.05. 18,355,182 shares of the stock were exchanged, compared to its average volume of 15,345,478. 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 business has a fifty day moving average price of $73.89 and a 200 day moving average price of $65.51. Wells Fargo & Company has a 12 month low of $47.59 and a 12 month high of $81.50. The stock has a market capitalization of $263.21 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.22 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm had revenue of $20.38 billion during the quarter, compared to analyst estimates of $20.58 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company's revenue was down .5% compared to the same quarter last year. On average, sell-side analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company's dividend payout ratio (DPR) is presently 29.74%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group lifted their price target on Wells Fargo & Company from $69.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Truist Financial lifted their price target on Wells Fargo & Company from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Piper Sandler lifted their price target on Wells Fargo & Company from $62.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Compass Point lifted their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company presently has an average rating of "Hold" and an average price target of $73.39.

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.