Uncommon Cents Investing LLC Has $8.50 Million Stock Position in Wells Fargo & Company (NYSE:WFC)

Uncommon Cents Investing LLC lessened its stake in Wells Fargo & Company (NYSE:WFC - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,039 shares of the financial services provider's stock after selling 5,185 shares during the quarter. Wells Fargo & Company comprises about 2.5% of Uncommon Cents Investing LLC's investment portfolio, making the stock its 4th largest holding. Uncommon Cents Investing LLC's holdings in Wells Fargo & Company were worth $8,502,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WFC shares. Evercore ISI lifted their price objective on Wells Fargo & Company from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Wolfe Research raised shares of Wells Fargo & Company from a "peer perform" rating to an "outperform" rating and set a $65.00 price objective for the company in a research report on Tuesday, October 8th. The Goldman Sachs Group boosted their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Phillip Securities raised Wells Fargo & Company from a "neutral" rating to an "accumulate" rating and lifted their price target for the company from $60.83 to $65.00 in a research note on Tuesday, October 15th. Finally, Barclays upped their price objective on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $73.39.

Wells Fargo & Company Stock Performance

NYSE WFC traded up $1.27 during trading on Monday, 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 current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day moving average price of $72.74 and a 200-day moving average price of $63.48. The stock has a market capitalization of $257.11 billion, a P/E ratio of 16.05, a PEG ratio of 1.39 and a beta of 1.18. Wells Fargo & Company has a fifty-two week low of $46.12 and a fifty-two week high of $78.13.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $20.38 billion for the quarter, compared to analysts' expectations of $20.58 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. Sell-side 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 announced a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 8th were paid a dividend of $0.40 per share. 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 presently 33.26%.

Wells Fargo & 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.