Wells Fargo & Company (NYSE:WFC) Shares Bought by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC raised its stake in Wells Fargo & Company (NYSE:WFC) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 171,018 shares of the financial services provider’s stock after purchasing an additional 14,740 shares during the quarter. Wells Fargo & Company comprises approximately 5.7% of Consilium Wealth Advisory LLC’s portfolio, making the stock its 4th biggest position. Consilium Wealth Advisory LLC’s holdings in Wells Fargo & Company were worth $12,012,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Modus Advisors LLC acquired a new position in shares of Wells Fargo & Company in the fourth quarter worth $30,000. McClarren Financial Advisors Inc. acquired a new position in shares of Wells Fargo & Company in the fourth quarter worth $30,000. Decker Retirement Planning Inc. acquired a new position in Wells Fargo & Company in the fourth quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Wells Fargo & Company in the fourth quarter valued at $35,000. Finally, BankPlus Trust Department acquired a new position in Wells Fargo & Company in the fourth quarter valued at $35,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays upped their target price on Wells Fargo & Company from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley upped 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. Citigroup upped their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. UBS Group upped their target price on 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, Evercore ISI upped their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $73.39.

Wells Fargo & Company Price Performance

Shares of NYSE WFC opened at $76.39 on Thursday. Wells Fargo & Company has a 1-year low of $50.15 and a 1-year high of $81.50. The business has a 50-day moving average of $75.55 and a 200-day moving average of $67.51. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market capitalization of $254.34 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.18 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results 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. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio is currently 29.74%.

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.