Baron Wealth Management LLC Has $340,000 Stock Holdings in Wells Fargo & Company (NYSE:WFC)

Baron Wealth Management LLC boosted its stake in shares of Wells Fargo & Company (NYSE:WFC) by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,836 shares of the financial services provider’s stock after buying an additional 547 shares during the period. Baron Wealth Management LLC’s holdings in Wells Fargo & Company were worth $340,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Income Research & Management bought a new stake in Wells Fargo & Company in the 3rd quarter valued at $211,000. Mattson Financial Services LLC bought a new stake in shares of Wells Fargo & Company in the second quarter valued at about $25,000. Modus Advisors LLC bought a new position in shares of Wells Fargo & Company during the fourth quarter worth about $30,000. Strategic Investment Solutions Inc. IL bought a new stake in Wells Fargo & Company in the 2nd quarter valued at approximately $26,000. Finally, Decker Retirement Planning Inc. acquired a new position in Wells Fargo & Company during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WFC shares. Compass Point increased their target price on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. UBS Group raised their price objective on Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a report on Monday, December 9th. Piper Sandler increased their price target on Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $61.00 price target on shares of Wells Fargo & Company in a research note on Monday, October 14th. Finally, Wolfe Research upgraded Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research note on Tuesday, October 8th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wells Fargo & Company has an average rating of “Hold” and an average target price of $73.39.

Wells Fargo & Company Trading Up 0.7 %

Shares of NYSE:WFC opened at $78.41 on Thursday. Wells Fargo & Company has a 12-month low of $47.45 and a 12-month high of $78.98. The business has a 50 day moving average of $73.35 and a 200-day moving average of $64.38. 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 stock has a market cap of $261.07 billion, a PE ratio of 14.57, a P/E/G ratio of 1.17 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last issued 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 12.38% and a net margin of 15.73%. The firm had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. During the same period in the prior year, the firm posted $0.86 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts forecast that Wells Fargo & Company will post 5.84 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.74%.

Wells Fargo & 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.