WoodTrust Financial Corp Boosts Stock Position in Wells Fargo & Company (NYSE:WFC)

WoodTrust Financial Corp raised its holdings in Wells Fargo & Company (NYSE:WFC) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,338 shares of the financial services provider’s stock after purchasing an additional 342 shares during the period. WoodTrust Financial Corp’s holdings in Wells Fargo & Company were worth $445,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WFC. Torray Investment Partners LLC bought a new position in Wells Fargo & Company during the 4th quarter valued at $211,000. Kapstone Financial Advisors LLC bought a new position in shares of Wells Fargo & Company during the fourth quarter worth about $180,000. Bedel Financial Consulting Inc. grew its stake in Wells Fargo & Company by 13.7% in the fourth quarter. Bedel Financial Consulting Inc. now owns 8,897 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 1,070 shares in the last quarter. Scratch Capital LLC acquired a new position in Wells Fargo & Company in the fourth quarter worth about $302,000. Finally, Meridian Wealth Management LLC increased its holdings in Wells Fargo & Company by 2.0% in the fourth quarter. Meridian Wealth Management LLC now owns 9,105 shares of the financial services provider’s stock valued at $640,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup increased their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Barclays raised their price objective 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. Compass Point boosted their target price on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler raised 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 report on Tuesday, December 3rd. Finally, Morgan Stanley lifted their price target on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Trading Down 5.0 %

Shares of WFC stock opened at $73.21 on Wednesday. Wells Fargo & Company has a 1 year low of $50.15 and a 1 year high of $81.50. The firm has a market capitalization of $240.73 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. The stock has a fifty day moving average of $76.03 and a two-hundred day moving average of $68.24. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.09. The business 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 quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share. As a group, research analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 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.