Retireful LLC Takes Position in Wells Fargo & Company (NYSE:WFC)

Retireful LLC bought a new stake in Wells Fargo & Company (NYSE:WFC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,376 shares of the financial services provider's stock, valued at approximately $1,291,000.

Several other institutional investors also recently added to or reduced their stakes in WFC. Mattson Financial Services LLC bought a new position in Wells Fargo & Company in the second quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Wells Fargo & Company during the 2nd quarter worth about $26,000. Truvestments Capital LLC bought a new position in shares of Wells Fargo & Company during the 3rd quarter worth about $29,000. Modus Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at about $30,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Wells Fargo & Company in the third quarter valued at about $34,000. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Trading Up 1.7 %

WFC stock traded up $1.27 during trading on Friday, hitting $77.22. The company had a trading volume of 20,609,919 shares, compared to its average volume of 16,990,602. The firm has a 50-day moving average price of $72.60 and a 200-day moving average price of $63.33. Wells Fargo & Company has a 12 month low of $46.12 and a 12 month high of $78.13. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.09. The stock has a market cap of $257.11 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.39 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The company had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The firm's quarterly revenue was down .5% on a year-over-year basis. As a group, analysts predict that Wells Fargo & Company will post 5.45 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Friday, November 8th were given a dividend of $0.40 per share. The ex-dividend date was Friday, November 8th. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. Wells Fargo & Company's payout ratio is presently 33.26%.

Wall Street Analyst Weigh In

A number of research analysts have commented on WFC shares. Morgan Stanley raised their price target on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday. Phillip Securities upgraded Wells Fargo & Company from a "neutral" rating to an "accumulate" rating and raised their target price for the stock from $60.83 to $65.00 in a research report on Tuesday, October 15th. Compass Point upped 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. Piper Sandler increased their price objective on Wells Fargo & Company from $62.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Citigroup boosted their target price on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $72.17.

Wells Fargo & Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.