WINTON GROUP Ltd Grows Position in Wells Fargo & Company (NYSE:WFC)

WINTON GROUP Ltd lifted its position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 77.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,130 shares of the financial services provider's stock after purchasing an additional 4,859 shares during the quarter. WINTON GROUP Ltd's holdings in Wells Fargo & Company were worth $782,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of WFC. Spinnaker Trust boosted its holdings in Wells Fargo & Company by 1.8% during the fourth quarter. Spinnaker Trust now owns 7,407 shares of the financial services provider's stock worth $520,000 after purchasing an additional 130 shares during the last quarter. MONECO Advisors LLC raised its stake in shares of Wells Fargo & Company by 1.9% during the 4th quarter. MONECO Advisors LLC now owns 7,018 shares of the financial services provider's stock worth $493,000 after purchasing an additional 134 shares in the last quarter. Crown Wealth Group LLC grew its stake in shares of Wells Fargo & Company by 2.2% in the fourth quarter. Crown Wealth Group LLC now owns 6,648 shares of the financial services provider's stock valued at $467,000 after buying an additional 140 shares in the last quarter. Jacobsen Capital Management increased its holdings in Wells Fargo & Company by 2.8% during the fourth quarter. Jacobsen Capital Management now owns 5,420 shares of the financial services provider's stock worth $381,000 after buying an additional 148 shares during the last quarter. Finally, New Republic Capital LLC lifted its stake in Wells Fargo & Company by 2.9% in the fourth quarter. New Republic Capital LLC now owns 5,249 shares of the financial services provider's stock valued at $369,000 after acquiring an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Compass Point increased their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Royal Bank of Canada upgraded shares of Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research note on Thursday, March 13th. Morgan Stanley raised their price objective on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. UBS Group raised their price target on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, Barclays upped their target price on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Wells Fargo & Company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.97.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC traded up $1.16 during midday trading on Monday, reaching $71.85. The company's stock had a trading volume of 14,851,165 shares, compared to its average volume of 17,131,316. The firm has a 50 day moving average price of $75.84 and a 200-day moving average price of $70.14. The stock has a market capitalization of $234.59 billion, a P/E ratio of 13.35, a PEG ratio of 1.18 and a beta of 1.16. Wells Fargo & Company has a 12-month low of $50.15 and a 12-month high of $81.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The company had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. During the same period last year, the firm earned $0.86 EPS. Wells Fargo & Company's revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts predict that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 2.23%. Wells Fargo & Company's dividend payout ratio is currently 29.74%.

About Wells Fargo & Company

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.