Wells Fargo & Company (NYSE:WFC) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 221,347 shares of the financial services provider's stock after selling 15,199 shares during the quarter. Atria Investments Inc's holdings in Wells Fargo & Company were worth $15,547,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. PDS Planning Inc lifted its holdings in shares of Wells Fargo & Company by 5.9% during the 3rd quarter. PDS Planning Inc now owns 9,943 shares of the financial services provider's stock valued at $562,000 after acquiring an additional 556 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Wells Fargo & Company in the third quarter valued at about $160,000. Stoneridge Investment Partners LLC lifted its stake in shares of Wells Fargo & Company by 941.7% during the third quarter. Stoneridge Investment Partners LLC now owns 195,561 shares of the financial services provider's stock worth $11,047,000 after purchasing an additional 176,787 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in shares of Wells Fargo & Company by 24.5% during the third quarter. Pittenger & Anderson Inc. now owns 1,035 shares of the financial services provider's stock worth $58,000 after purchasing an additional 204 shares in the last quarter. Finally, Crestwood Advisors Group LLC boosted its position in shares of Wells Fargo & Company by 3.5% in the third quarter. Crestwood Advisors Group LLC now owns 37,017 shares of the financial services provider's stock worth $2,091,000 after buying an additional 1,262 shares during the period. Institutional investors and hedge funds own 75.90% of the company's stock.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC traded up $0.90 during mid-day trading on Wednesday, hitting $74.20. The company had a trading volume of 20,420,928 shares, compared to its average volume of 16,583,971. Wells Fargo & Company has a 12 month low of $50.15 and a 12 month high of $81.50. The stock has a market cap of $243.97 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.18 and a beta of 1.18. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. The firm's 50 day simple moving average is $76.08 and its two-hundred day simple moving average is $68.28.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.09. The company had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. As a group, equities research analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current 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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.16%. Wells Fargo & Company's dividend payout ratio (DPR) is presently 29.74%.

Analyst Ratings Changes

Several equities analysts recently commented on WFC shares. 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 research report on Tuesday, December 10th. Truist Financial upped their target price on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Piper Sandler lifted their price target on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Morgan Stanley upped their price objective on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Finally, Barclays boosted their price target on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Wells Fargo & Company presently has an average rating of "Hold" and a consensus price target of $73.39.

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.