RDA Financial Network Buys 3,444 Shares of Wells Fargo & Company (NYSE:WFC)

RDA Financial Network boosted its holdings in Wells Fargo & Company (NYSE:WFC - Free Report) by 1,314.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,706 shares of the financial services provider's stock after buying an additional 3,444 shares during the period. RDA Financial Network's holdings in Wells Fargo & Company were worth $260,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WFC. Quad Cities Investment Group LLC lifted its position in Wells Fargo & Company by 0.3% during the 4th quarter. Quad Cities Investment Group LLC now owns 52,576 shares of the financial services provider's stock worth $3,693,000 after acquiring an additional 158 shares in the last quarter. Investors Research Corp grew its holdings in Wells Fargo & Company by 1.2% during the 3rd quarter. Investors Research Corp now owns 13,461 shares of the financial services provider's stock valued at $760,000 after purchasing an additional 160 shares in the last quarter. Ellenbecker Investment Group increased its stake in Wells Fargo & Company by 3.9% during the 3rd quarter. Ellenbecker Investment Group now owns 4,418 shares of the financial services provider's stock worth $250,000 after buying an additional 164 shares during the period. Income Research & Management acquired a new position in shares of Wells Fargo & Company in the third quarter worth about $211,000. Finally, Modera Wealth Management LLC boosted its stake in shares of Wells Fargo & Company by 0.9% during the 3rd quarter. Modera Wealth Management LLC now owns 18,014 shares of the financial services provider's stock valued at $1,018,000 after buying an additional 167 shares during the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WFC has been the subject of several research reports. Piper Sandler lifted 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. Truist Financial boosted their price objective on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday. Royal Bank of Canada restated a "sector perform" rating and set a $61.00 price objective on shares of Wells Fargo & Company in a research note on Monday, October 14th. Compass Point boosted 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the stock a "market perform" rating in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Wells Fargo & Company presently has a consensus rating of "Hold" and a consensus price target of $72.17.

Wells Fargo & Company Stock Performance

NYSE:WFC traded up $1.27 during mid-day trading on Friday, hitting $77.22. 20,609,919 shares of the company's stock traded hands, compared to its average volume of 12,688,081. The firm has a market capitalization of $257.11 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18. The firm has a 50 day moving average of $72.74 and a two-hundred day moving average of $63.44. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a 12 month low of $46.12 and a 12 month high of $78.13.

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, 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 net margin of 14.43% and a return on equity of 12.25%. The firm's revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.86 earnings per share. On average, equities analysts forecast that Wells Fargo & Company will post 5.45 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

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

About Wells Fargo & Company

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.