Wayfinding Financial LLC Invests $474,000 in Wells Fargo & Company (NYSE:WFC)

Wayfinding Financial LLC bought a new stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,754 shares of the financial services provider's stock, valued at approximately $474,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WFC. Rialto Wealth Management LLC bought a new stake in Wells Fargo & Company during the 4th quarter valued at $26,000. Truvestments Capital LLC acquired a new stake in Wells Fargo & Company in the third quarter worth about $29,000. Modus Advisors LLC acquired a new position in Wells Fargo & Company during the 4th quarter valued at about $30,000. McClarren Financial Advisors Inc. bought a new stake in shares of Wells Fargo & Company during the 4th quarter worth about $30,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Wells Fargo & Company by 126.7% in the fourth quarter. Rakuten Securities Inc. now owns 424 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 237 shares in the last quarter. Institutional investors own 75.90% of the company's stock.

Wells Fargo & Company Stock Down 0.0 %

NYSE WFC traded down $0.01 on Tuesday, reaching $74.27. The stock had a trading volume of 9,499,112 shares, compared to its average volume of 16,422,289. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 1 year low of $50.15 and a 1 year high of $81.50. The business has a 50 day moving average price of $76.09 and a 200 day moving average price of $69.76. The company has a market capitalization of $244.21 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.18 and a beta of 1.16.

Remove Ads

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly 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 business had revenue of $20.38 billion during the quarter, compared to analysts' expectations of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. On average, analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. Wells Fargo & Company's dividend payout ratio (DPR) is 29.74%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WFC. Piper Sandler upped their target price on Wells Fargo & Company from $62.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Barclays upped their price objective on Wells Fargo & Company from $90.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. UBS Group lifted their target price on Wells Fargo & Company from $69.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, December 9th. The Goldman Sachs Group upped their price target on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Citigroup reduced their price objective on shares of Wells Fargo & Company from $82.00 to $78.00 and set a "neutral" rating for the company in a research report on Monday. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Wells Fargo & Company presently has a consensus rating of "Moderate Buy" and an average target price of $74.18.

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.