Oregon Pacific Wealth Management LLC Takes $231,000 Position in Wells Fargo & Company (NYSE:WFC)

Oregon Pacific Wealth Management LLC purchased a new position in Wells Fargo & Company (NYSE:WFC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,290 shares of the financial services provider's stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WFC. National Pension Service increased its position in shares of Wells Fargo & Company by 15.2% during the third quarter. National Pension Service now owns 6,789,371 shares of the financial services provider's stock worth $383,532,000 after acquiring an additional 897,195 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Wells Fargo & Company by 2.5% in the third quarter. Diamond Hill Capital Management Inc. now owns 6,641,581 shares of the financial services provider's stock valued at $375,183,000 after buying an additional 162,066 shares during the last quarter. Nordea Investment Management AB increased its holdings in Wells Fargo & Company by 10.1% in the fourth quarter. Nordea Investment Management AB now owns 6,284,421 shares of the financial services provider's stock valued at $441,983,000 after buying an additional 575,892 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Wells Fargo & Company by 730.4% in the third quarter. Two Sigma Advisers LP now owns 5,954,600 shares of the financial services provider's stock valued at $336,375,000 after buying an additional 5,237,500 shares during the last quarter. Finally, Canoe Financial LP bought a new stake in Wells Fargo & Company in the third quarter valued at about $160,529,000. Hedge funds and other institutional investors own 75.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Evercore ISI lifted their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their price target on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. 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. Barclays upped their price objective on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $61.00 price objective on shares of Wells Fargo & Company in a report on Monday, October 14th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Wells Fargo & Company presently has an average rating of "Hold" and a consensus target price of $73.39.

Wells Fargo & Company Stock Performance

NYSE WFC traded up $1.13 during trading on Thursday, reaching $81.18. The company's stock had a trading volume of 4,943,327 shares, compared to its average volume of 14,588,739. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $270.29 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18. Wells Fargo & Company has a 12 month low of $47.45 and a 12 month high of $81.30. The firm has a 50 day moving average price of $73.72 and a 200 day moving average price of $65.16.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.34 by $0.09. The company had revenue of $20.38 billion during the quarter, compared to analysts' expectations of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. As a group, equities analysts anticipate that Wells Fargo & Company will post 5.84 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company's payout ratio is presently 29.74%.

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.