Strategic Blueprint LLC Acquires 618 Shares of Wells Fargo & Company (NYSE:WFC)

Strategic Blueprint LLC raised its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,466 shares of the financial services provider’s stock after acquiring an additional 618 shares during the quarter. Strategic Blueprint LLC’s holdings in Wells Fargo & Company were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of WFC. Hantz Financial Services Inc. lifted its position in Wells Fargo & Company by 2,510.3% during the fourth quarter. Hantz Financial Services Inc. now owns 91,543 shares of the financial services provider’s stock valued at $6,430,000 after purchasing an additional 88,036 shares in the last quarter. McKinley Carter Wealth Services Inc. purchased a new position in shares of Wells Fargo & Company during the 4th quarter valued at about $264,000. BetterWealth LLC purchased a new stake in Wells Fargo & Company in the 4th quarter worth approximately $233,000. Mayflower Financial Advisors LLC raised its stake in Wells Fargo & Company by 3.2% during the 4th quarter. Mayflower Financial Advisors LLC now owns 5,486 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 170 shares during the period. Finally, Denver Wealth Management Inc. lifted its holdings in Wells Fargo & Company by 4.4% during the fourth quarter. Denver Wealth Management Inc. now owns 5,547 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Analyst Ratings Changes

WFC has been the topic of several recent analyst reports. Truist Financial raised their price objective on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Morgan Stanley lifted their target price on Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Phillip Securities upgraded Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and upped their price target for the stock from $60.83 to $65.00 in a research note on Tuesday, October 15th. Compass Point lifted their price objective on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group upped their target price on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $73.39.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $78.81 on Friday. The firm has a market capitalization of $262.40 billion, a PE ratio of 14.65, a PEG ratio of 1.18 and a beta of 1.18. The stock’s fifty day moving average is $73.53 and its 200 day moving average is $64.58. Wells Fargo & Company has a fifty-two week low of $47.45 and a fifty-two week high of $79.29. 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 announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) 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 firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. On average, sell-side analysts anticipate that Wells Fargo & Company will post 5.84 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 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.