Integrated Investment Consultants LLC Acquires 17,241 Shares of Wells Fargo & Company (NYSE:WFC)

Integrated Investment Consultants LLC boosted its position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 206.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,586 shares of the financial services provider's stock after purchasing an additional 17,241 shares during the period. Integrated Investment Consultants LLC's holdings in Wells Fargo & Company were worth $1,797,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Income Research & Management bought a new stake in shares of Wells Fargo & Company in the third quarter worth $211,000. Mattson Financial Services LLC acquired a new position in shares of Wells Fargo & Company during the 2nd quarter worth about $25,000. Modus Advisors LLC bought a new stake in Wells Fargo & Company in the fourth quarter valued at approximately $30,000. Strategic Investment Solutions Inc. IL bought a new stake in Wells Fargo & Company in the 2nd quarter valued at $26,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Wells Fargo & Company during the 4th quarter valued at $32,000. Institutional investors own 75.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WFC. Keefe, Bruyette & Woods increased their price objective on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a research report on Thursday. Compass Point increased their price target on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. UBS Group boosted their target price on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Piper Sandler increased their price target 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. Finally, Citigroup boosted their price target on Wells Fargo & Company from $67.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Wells Fargo & Company currently has a consensus rating of "Hold" and an average price target of $73.39.

Wells Fargo & Company Trading Up 1.7 %

Shares of NYSE:WFC traded up $1.27 during mid-day trading on Friday, reaching $77.22. 20,609,919 shares of the company's stock were exchanged, compared to its average volume of 12,688,081. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.85. Wells Fargo & Company has a twelve month low of $46.12 and a twelve month high of $78.13. The firm has a market capitalization of $257.11 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.39 and a beta of 1.18. The business's fifty day moving average price is $72.74 and its 200-day moving average price is $63.46.

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 for the quarter, beating the consensus estimate 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 analysts' expectations of $20.58 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business's quarterly revenue was down .5% on a year-over-year basis. On average, research analysts predict that Wells Fargo & Company will post 5.45 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, November 8th. Wells Fargo & Company's dividend payout ratio is currently 29.74%.

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.