Wealthcare Advisory Partners LLC Acquires 311 Shares of Wells Fargo & Company (NYSE:WFC)

Wealthcare Advisory Partners LLC grew its stake in Wells Fargo & Company (NYSE:WFC) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,159 shares of the financial services provider’s stock after purchasing an additional 311 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Wells Fargo & Company were worth $854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of WFC. Procyon Advisors LLC grew its position in Wells Fargo & Company by 7.3% in the fourth quarter. Procyon Advisors LLC now owns 6,639 shares of the financial services provider’s stock valued at $466,000 after acquiring an additional 454 shares during the period. Tompkins Financial Corp boosted its stake in shares of Wells Fargo & Company by 29.1% in the 4th quarter. Tompkins Financial Corp now owns 4,933 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 1,113 shares in the last quarter. RDA Financial Network grew its holdings in shares of Wells Fargo & Company by 1,314.5% in the 4th quarter. RDA Financial Network now owns 3,706 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 3,444 shares during the last quarter. Goldstone Financial Group LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter worth about $226,000. Finally, Decker Retirement Planning Inc. bought a new position in Wells Fargo & Company during the 4th quarter valued at about $32,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group raised their price target on Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a report on Monday, December 9th. Citigroup boosted their price objective on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Piper Sandler raised their target price on 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, Phillip Securities upgraded shares of Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and upped their price target for the stock from $60.83 to $65.00 in a research report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Wells Fargo & Company currently has a consensus rating of “Hold” and a consensus price target of $73.39.

Wells Fargo & Company Price Performance

WFC opened at $77.22 on Monday. The company has a fifty day moving average price of $72.74 and a two-hundred day moving average price of $63.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $257.11 billion, a PE ratio of 16.05, a P/E/G ratio of 1.39 and a beta of 1.18. Wells Fargo & Company has a 52 week low of $46.12 and a 52 week high of $78.13.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data 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 12.25% and a net margin of 14.43%. The business had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. As a group, analysts anticipate that Wells Fargo & Company will post 5.45 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

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