Crowley Wealth Management Inc. Takes $62,000 Position in Wells Fargo & Company (NYSE:WFC)

Crowley Wealth Management Inc. acquired a new stake in Wells Fargo & Company (NYSE:WFC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 881 shares of the financial services provider’s stock, valued at approximately $62,000.

Several other large investors have also modified their holdings of the company. Blueprint Investment Partners LLC boosted its holdings in shares of Wells Fargo & Company by 120.7% in the fourth quarter. Blueprint Investment Partners LLC now owns 10,930 shares of the financial services provider’s stock valued at $768,000 after acquiring an additional 5,978 shares during the period. Guardian Partners Inc. acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at approximately $4,242,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at approximately $85,031,000. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Wells Fargo & Company by 1.4% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 179,743 shares of the financial services provider’s stock valued at $12,625,000 after acquiring an additional 2,498 shares during the period. Finally, Plancorp LLC boosted its holdings in shares of Wells Fargo & Company by 9.3% in the fourth quarter. Plancorp LLC now owns 14,889 shares of the financial services provider’s stock valued at $1,046,000 after acquiring an additional 1,264 shares during the period. 75.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WFC has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Truist Financial increased their price target on Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Compass Point increased their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Royal Bank of Canada raised Wells Fargo & Company from a “sector perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, March 13th. Finally, Morgan Stanley increased their price target on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.39.

Wells Fargo & Company Trading Down 0.0 %

Shares of WFC stock opened at $72.51 on Monday. Wells Fargo & Company has a fifty-two week low of $50.15 and a fifty-two week high of $81.50. The stock has a market cap of $238.43 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.18 and a beta of 1.16. The business has a fifty day simple moving average of $75.95 and a 200-day simple moving average of $69.50. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly 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 return on equity of 12.38% and a net margin of 15.73%. The business had revenue of $20.38 billion during the quarter, compared to analysts’ expectations of $20.58 billion. During the same quarter last year, the business posted $0.86 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts forecast 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 was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, February 7th. Wells Fargo & Company’s dividend payout ratio is presently 29.74%.

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.