Calamos Wealth Management LLC Has $13.64 Million Stake in Wells Fargo & Company (NYSE:WFC)

Calamos Wealth Management LLC grew its stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 194,171 shares of the financial services provider's stock after acquiring an additional 25,365 shares during the quarter. Calamos Wealth Management LLC's holdings in Wells Fargo & Company were worth $13,639,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WFC. Czech National Bank increased its stake in shares of Wells Fargo & Company by 4.4% in the 3rd quarter. Czech National Bank now owns 693,384 shares of the financial services provider's stock valued at $39,169,000 after purchasing an additional 28,976 shares during the last quarter. GAMMA Investing LLC grew its position in Wells Fargo & Company by 15.3% in the third quarter. GAMMA Investing LLC now owns 37,479 shares of the financial services provider's stock valued at $2,117,000 after acquiring an additional 4,985 shares during the last quarter. Diversified Trust Co raised its stake in Wells Fargo & Company by 10.4% during the third quarter. Diversified Trust Co now owns 24,335 shares of the financial services provider's stock worth $1,375,000 after acquiring an additional 2,294 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Wells Fargo & Company by 4.0% in the third quarter. Miracle Mile Advisors LLC now owns 21,185 shares of the financial services provider's stock worth $1,197,000 after acquiring an additional 824 shares during the last quarter. Finally, KWB Wealth acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter valued at approximately $496,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $61.00 price target on shares of Wells Fargo & Company in a research note on Monday, October 14th. Keefe, Bruyette & Woods boosted their price objective on Wells Fargo & Company from $81.00 to $86.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. Evercore ISI increased their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Compass Point boosted their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $73.39.

Wells Fargo & Company Trading Up 0.7 %

WFC traded up $0.60 during trading on Wednesday, reaching $80.07. 17,929,853 shares of the stock traded hands, compared to its average volume of 15,029,855. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. The stock's 50-day moving average is $73.66 and its 200 day moving average is $65.06. Wells Fargo & Company has a 12 month low of $47.45 and a 12 month high of $80.35. The stock has a market capitalization of $266.58 billion, a PE ratio of 14.88, a P/E/G ratio of 1.19 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its 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 company had revenue of $20.38 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 EPS. Equities analysts anticipate that Wells Fargo & Company will post 5.84 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.00%. Wells Fargo & Company's dividend payout ratio is currently 29.74%.

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.