Brewster Financial Planning LLC Invests $337,000 in Wells Fargo & Company (NYSE:WFC)

Brewster Financial Planning LLC purchased a new position in Wells Fargo & Company (NYSE:WFC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,804 shares of the financial services provider’s stock, valued at approximately $337,000. Wells Fargo & Company accounts for about 0.3% of Brewster Financial Planning LLC’s portfolio, making the stock its 16th largest position.

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

Analyst Ratings Changes

Several research analysts have commented on WFC shares. Truist Financial raised their price objective on Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Piper Sandler upped their price objective on Wells Fargo & Company from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Morgan Stanley increased their price target 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, January 16th. Wolfe Research upgraded Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Tuesday, October 8th. Finally, Compass Point increased their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. 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 data from MarketBeat, Wells Fargo & Company presently has a consensus rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Trading Down 0.0 %

Shares of NYSE:WFC opened at $78.81 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. The business’s 50 day moving average price is $73.53 and its 200-day moving average price is $64.58. The firm has a market capitalization of $262.40 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. Wells Fargo & Company has a 1 year low of $47.45 and a 1 year high of $79.29.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company 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. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts forecast that Wells Fargo & Company will post 5.84 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s payout ratio is presently 29.74%.

About Wells Fargo & Company

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.