Aaron Wealth Advisors LLC Purchases 1,862 Shares of Wells Fargo & Company (NYSE:WFC)

Aaron Wealth Advisors LLC boosted its position in shares of Wells Fargo & Company (NYSE:WFC) by 10.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,628 shares of the financial services provider’s stock after purchasing an additional 1,862 shares during the period. Aaron Wealth Advisors LLC’s holdings in Wells Fargo & Company were worth $1,379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC boosted its holdings in shares of Wells Fargo & Company by 15.8% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 12,400 shares of the financial services provider’s stock worth $871,000 after acquiring an additional 1,692 shares in the last quarter. Veery Capital LLC bought a new position in Wells Fargo & Company in the 4th quarter valued at $213,000. Smith Salley Wealth Management boosted its stake in Wells Fargo & Company by 1.2% in the fourth quarter. Smith Salley Wealth Management now owns 42,334 shares of the financial services provider’s stock worth $2,974,000 after purchasing an additional 512 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of Wells Fargo & Company by 6.0% during the fourth quarter. Trust Co. of Vermont now owns 11,739 shares of the financial services provider’s stock worth $825,000 after purchasing an additional 660 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. raised its holdings in shares of Wells Fargo & Company by 20.1% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 17,211 shares of the financial services provider’s stock valued at $1,209,000 after buying an additional 2,881 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WFC has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup boosted their price objective on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Barclays increased their price objective on Wells Fargo & Company from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday. Wolfe Research upgraded Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $61.00 price target on shares of Wells Fargo & Company in a report on Monday, October 14th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.39.

Wells Fargo & Company Stock Up 1.7 %

NYSE:WFC opened at $77.22 on Friday. The stock has a market cap of $257.11 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.39 and a beta of 1.18. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $72.74 and a two-hundred day moving average price of $63.44. Wells Fargo & Company has a 1 year low of $46.12 and a 1 year high of $78.13.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The business had revenue of $20.38 billion during the quarter, compared to analysts’ expectations of $20.58 billion. During the same period in the prior year, the business earned $0.86 EPS. Wells Fargo & Company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts expect that Wells Fargo & Company will post 5.45 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, November 8th. Wells Fargo & Company’s payout ratio is presently 29.74%.

Wells Fargo & Company Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.