Cantor Fitzgerald Investment Advisors L.P. Acquires 1,236 Shares of Wells Fargo & Company (NYSE:WFC)

Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Wells Fargo & Company (NYSE:WFC) by 0.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 361,169 shares of the financial services provider’s stock after purchasing an additional 1,236 shares during the period. Wells Fargo & Company makes up about 1.8% of Cantor Fitzgerald Investment Advisors L.P.’s holdings, making the stock its 9th largest holding. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Wells Fargo & Company were worth $25,369,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Unison Asset Management LLC raised its position in shares of Wells Fargo & Company by 2.6% during the 4th quarter. Unison Asset Management LLC now owns 105,925 shares of the financial services provider’s stock worth $7,440,000 after purchasing an additional 2,684 shares during the last quarter. Mezzasalma Advisors LLC grew its holdings in shares of Wells Fargo & Company by 27.3% during the 4th quarter. Mezzasalma Advisors LLC now owns 5,807 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 1,245 shares during the period. Vest Financial LLC increased its position in shares of Wells Fargo & Company by 6.2% in the fourth quarter. Vest Financial LLC now owns 15,709 shares of the financial services provider’s stock worth $1,103,000 after acquiring an additional 916 shares in the last quarter. Sprinkle Financial Consultants LLC acquired a new position in shares of Wells Fargo & Company during the fourth quarter worth about $244,000. Finally, Joel Isaacson & Co. LLC boosted its holdings in Wells Fargo & Company by 0.7% in the 4th quarter. Joel Isaacson & Co. LLC now owns 45,477 shares of the financial services provider’s stock worth $3,194,000 after acquiring an additional 321 shares during the period. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Company Stock Down 0.8 %

Wells Fargo & Company stock opened at $80.76 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 firm has a fifty day moving average price of $73.80 and a two-hundred day moving average price of $65.28. The firm has a market cap of $268.89 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 1.22 and a beta of 1.18. Wells Fargo & Company has a fifty-two week low of $47.47 and a fifty-two week high of $81.50.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $20.58 billion. During the same period in the previous year, the business posted $0.86 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.74%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WFC. Evercore ISI lifted their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Truist Financial boosted their price objective on Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Barclays increased their target price on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, UBS Group lifted their target price on Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, December 9th. 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, the stock has a consensus rating of “Hold” and an average target price of $73.39.

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.