Wells Fargo & Company (NYSE:WFC) Shares Acquired by Leavell Investment Management Inc.

Leavell Investment Management Inc. lifted its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 8.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,132 shares of the financial services provider’s stock after acquiring an additional 1,790 shares during the period. Leavell Investment Management Inc.’s holdings in Wells Fargo & Company were worth $1,625,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WFC. PFG Advisors boosted its holdings in shares of Wells Fargo & Company by 3.6% in the 3rd quarter. PFG Advisors now owns 101,761 shares of the financial services provider’s stock valued at $5,748,000 after buying an additional 3,536 shares in the last quarter. Sunpointe LLC purchased a new stake in Wells Fargo & Company in the third quarter valued at $204,000. Sumitomo Life Insurance Co. boosted its stake in Wells Fargo & Company by 2.4% in the third quarter. Sumitomo Life Insurance Co. now owns 43,307 shares of the financial services provider’s stock valued at $2,446,000 after acquiring an additional 1,030 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Wells Fargo & Company by 106.8% in the third quarter. Vontobel Holding Ltd. now owns 48,233 shares of the financial services provider’s stock valued at $2,725,000 after acquiring an additional 24,911 shares in the last quarter. Finally, Transform Wealth LLC grew its holdings in shares of Wells Fargo & Company by 117.2% during the third quarter. Transform Wealth LLC now owns 228,595 shares of the financial services provider’s stock worth $12,913,000 after purchasing an additional 123,326 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Down 0.5 %

WFC opened at $79.22 on Thursday. 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 has a 12 month low of $47.59 and a 12 month high of $81.50. The stock has a market capitalization of $263.76 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.22 and a beta of 1.18. The business has a 50 day simple moving average of $74.08 and a 200-day simple moving average of $65.78.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $0.86 earnings per share. Wells Fargo & Company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio is currently 29.74%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WFC. Compass Point upped their target price on Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Barclays boosted their price objective 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. Truist Financial raised their target price on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Evercore ISI upped their price target on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, UBS Group raised their price objective on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Wells Fargo & Company currently has an average rating of “Hold” and an average price target of $73.39.

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.