Auxano Advisors LLC Increases Holdings in Wells Fargo & Company (NYSE:WFC)

Auxano Advisors LLC increased its stake in Wells Fargo & Company (NYSE:WFC) by 4.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,950 shares of the financial services provider’s stock after buying an additional 334 shares during the period. Auxano Advisors LLC’s holdings in Wells Fargo & Company were worth $558,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Pure Financial Advisors LLC increased its stake in shares of Wells Fargo & Company by 4.8% during the 3rd quarter. Pure Financial Advisors LLC now owns 17,635 shares of the financial services provider’s stock worth $996,000 after purchasing an additional 815 shares during the last quarter. GFS Advisors LLC lifted its stake in Wells Fargo & Company by 1,137.0% in the third quarter. GFS Advisors LLC now owns 4,948 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 4,548 shares during the last quarter. Nvwm LLC grew its holdings in Wells Fargo & Company by 4.8% during the third quarter. Nvwm LLC now owns 30,422 shares of the financial services provider’s stock valued at $1,719,000 after purchasing an additional 1,391 shares during the period. KG&L Capital Management LLC increased its position in Wells Fargo & Company by 141.6% in the third quarter. KG&L Capital Management LLC now owns 27,334 shares of the financial services provider’s stock worth $1,479,000 after buying an additional 16,019 shares during the last quarter. Finally, Intact Investment Management Inc. raised its stake in shares of Wells Fargo & Company by 8.8% in the third quarter. Intact Investment Management Inc. now owns 180,150 shares of the financial services provider’s stock valued at $10,177,000 after buying an additional 14,500 shares during the period. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $78.35 on Monday. The stock has a market cap of $257.63 billion, a P/E ratio of 14.56, a PEG ratio of 1.18 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. The business’s 50-day moving average price is $75.87 and its two-hundred day moving average price is $67.96. Wells Fargo & Company has a twelve month low of $50.15 and a twelve month high of $81.50.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business had revenue of $20.38 billion for the quarter, compared to the consensus estimate of $20.58 billion. During the same period last year, the firm posted $0.86 earnings per share. Wells Fargo & Company’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 2.04%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.74%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WFC shares. UBS Group increased their price target on Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Compass Point increased their target price on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Barclays lifted their target price on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Piper Sandler upped their price target on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.39.

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.