West Financial Advisors LLC Has $234,000 Stock Position in Wells Fargo & Company (NYSE:WFC)

West Financial Advisors LLC lifted its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 104.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,039 shares of the financial services provider’s stock after purchasing an additional 2,059 shares during the period. West Financial Advisors LLC’s holdings in Wells Fargo & Company were worth $234,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Lazari Capital Management Inc. lifted its position in shares of Wells Fargo & Company by 0.9% in the 4th quarter. Lazari Capital Management Inc. now owns 22,804 shares of the financial services provider’s stock worth $1,122,000 after purchasing an additional 202 shares during the period. First Financial Corp IN grew its holdings in Wells Fargo & Company by 4.9% during the 4th quarter. First Financial Corp IN now owns 4,595 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 214 shares during the period. CX Institutional raised its position in shares of Wells Fargo & Company by 1.1% in the 4th quarter. CX Institutional now owns 20,280 shares of the financial services provider’s stock worth $998,000 after acquiring an additional 217 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in shares of Wells Fargo & Company by 3.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 6,746 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 219 shares during the period. Finally, Cassaday & Co Wealth Management LLC boosted its position in shares of Wells Fargo & Company by 4.1% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 5,645 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 224 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Performance

WFC traded down $0.86 during trading hours on Friday, hitting $58.10. The stock had a trading volume of 62,733,159 shares, compared to its average volume of 13,456,566. Wells Fargo & Company has a 1 year low of $38.38 and a 1 year high of $62.55. The company’s fifty day simple moving average is $59.54 and its 200 day simple moving average is $54.67. The stock has a market cap of $202.55 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 1.14.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. The company had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Equities analysts anticipate that Wells Fargo & Company will post 5.14 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Friday, May 10th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, May 9th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.23%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WFC shares. JPMorgan Chase & Co. lifted their target price on Wells Fargo & Company from $59.00 to $61.50 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Compass Point reissued a “neutral” rating and set a $64.00 target price on shares of Wells Fargo & Company in a research note on Tuesday, April 9th. Citigroup restated a “neutral” rating and issued a $63.00 price target (up from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. Argus upped their price objective on shares of Wells Fargo & Company from $57.00 to $66.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, HSBC raised their target price on Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Fourteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $58.99.

About Wells Fargo & Company

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.