Wells Fargo & Company (NYSE:WFC) Shares Acquired by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC grew its holdings in Wells Fargo & Company (NYSE:WFC) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,850 shares of the financial services provider’s stock after acquiring an additional 304 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Wells Fargo & Company were worth $1,886,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WFC. Truvestments Capital LLC acquired a new stake in Wells Fargo & Company in the third quarter worth about $29,000. Modus Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth about $30,000. Decker Retirement Planning Inc. acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth about $32,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Wells Fargo & Company during the third quarter worth about $34,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Wells Fargo & Company during the third quarter worth about $34,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Stock Down 0.8 %

Wells Fargo & Company stock opened at $78.14 on Tuesday. The stock has a market capitalization of $260.17 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18. Wells Fargo & Company has a 12 month low of $47.45 and a 12 month high of $79.29. The business has a 50 day simple moving average of $73.59 and a 200-day simple moving average of $64.78. 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) last issued its quarterly earnings results 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 return on equity of 12.38% and a net margin of 15.73%. The firm had revenue of $20.38 billion during the quarter, compared to analysts’ expectations of $20.58 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts anticipate that Wells Fargo & Company will post 5.84 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, February 7th. Wells Fargo & Company’s payout ratio is 29.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. The Goldman Sachs Group lifted their target price on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Phillip Securities raised Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and lifted their target price for the stock from $60.83 to $65.00 in a report on Tuesday, October 15th. Piper Sandler lifted their target price on Wells Fargo & Company from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Truist Financial lifted their target price on Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Compass Point boosted their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.