Wells Fargo & Company (NYSE:WFC) Shares Acquired by Integrity Financial Corp WA

Integrity Financial Corp WA increased its position in shares of Wells Fargo & Company (NYSE:WFC) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,751 shares of the financial services provider’s stock after purchasing an additional 920 shares during the period. Integrity Financial Corp WA’s holdings in Wells Fargo & Company were worth $825,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WFC. Sunbelt Securities Inc. grew its position in shares of Wells Fargo & Company by 4.5% during the third quarter. Sunbelt Securities Inc. now owns 23,830 shares of the financial services provider’s stock worth $1,346,000 after acquiring an additional 1,027 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in Wells Fargo & Company by 1.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 30,826 shares of the financial services provider’s stock worth $1,747,000 after purchasing an additional 521 shares during the period. Morse Asset Management Inc purchased a new position in Wells Fargo & Company during the 3rd quarter worth $487,000. Tudor Financial Inc. acquired a new position in Wells Fargo & Company in the third quarter valued at $468,000. Finally, Anchor Investment Management LLC raised its holdings in shares of Wells Fargo & Company by 5.5% in the third quarter. Anchor Investment Management LLC now owns 15,903 shares of the financial services provider’s stock valued at $898,000 after buying an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank of Canada upgraded Wells Fargo & Company from a “sector perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, March 13th. Keefe, Bruyette & Woods boosted their target price on Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Citigroup decreased their price target on Wells Fargo & Company from $82.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, March 24th. Truist Financial cut their price objective on shares of Wells Fargo & Company from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Finally, Barclays increased their price target on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Wells Fargo & Company presently has an average rating of “Moderate Buy” and an average price target of $75.66.

Wells Fargo & Company Trading Down 5.0 %

WFC stock opened at $63.01 on Friday. Wells Fargo & Company has a 52 week low of $50.15 and a 52 week high of $81.50. The company has a market cap of $205.73 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.18 and a beta of 1.02. 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 has a fifty day simple moving average of $73.17 and a 200-day simple moving average of $70.81.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.09. The business had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. On average, equities research analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.54%. Wells Fargo & Company’s payout ratio is 29.74%.

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.