Wells Fargo & Company (NYSE:WFC) Shares Purchased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its position in Wells Fargo & Company (NYSE:WFC - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,869 shares of the financial services provider's stock after buying an additional 28,931 shares during the period. Epoch Investment Partners Inc.'s holdings in Wells Fargo & Company were worth $21,765,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Morse Asset Management Inc purchased a new position in shares of Wells Fargo & Company in the 3rd quarter valued at about $487,000. Tudor Financial Inc. acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter worth approximately $468,000. Anchor Investment Management LLC raised its holdings in Wells Fargo & Company by 5.5% during the third quarter. Anchor Investment Management LLC now owns 15,903 shares of the financial services provider's stock worth $898,000 after purchasing an additional 836 shares during the last quarter. World Investment Advisors LLC boosted its position in Wells Fargo & Company by 1,263.8% during the third quarter. World Investment Advisors LLC now owns 75,432 shares of the financial services provider's stock worth $4,261,000 after purchasing an additional 69,901 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of Wells Fargo & Company by 4.5% in the 3rd quarter. Tidal Investments LLC now owns 138,813 shares of the financial services provider's stock worth $7,842,000 after buying an additional 5,946 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company's stock.

Wells Fargo & Company Stock Up 2.2 %

Wells Fargo & Company stock traded up $1.51 during trading on Thursday, reaching $69.45. 6,872,821 shares of the company's stock were exchanged, compared to its average volume of 17,457,047. The company's 50-day moving average is $70.44 and its two-hundred day moving average is $71.26. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. Wells Fargo & Company has a 52-week low of $50.15 and a 52-week high of $81.50. The firm has a market cap of $226.77 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.18 and a beta of 1.02.

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

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company's payout ratio is 28.73%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup reduced their price target on shares of Wells Fargo & Company from $82.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Morgan Stanley upped their target price on Wells Fargo & Company from $79.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday, April 7th. Piper Sandler dropped their price target on Wells Fargo & Company from $77.00 to $75.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada raised 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. Finally, Raymond James decreased their price objective on Wells Fargo & Company from $88.00 to $78.00 and set a "strong-buy" rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.34.

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.