Northwest Wealth Management LLC Acquires 431 Shares of Wells Fargo & Company (NYSE:WFC)

Northwest Wealth Management LLC grew its holdings in Wells Fargo & Company (NYSE:WFC) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,846 shares of the financial services provider’s stock after purchasing an additional 431 shares during the period. Northwest Wealth Management LLC’s holdings in Wells Fargo & Company were worth $1,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd grew its position in Wells Fargo & Company by 17.3% during the 3rd quarter. Covestor Ltd now owns 1,326 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 196 shares during the last quarter. Venturi Wealth Management LLC grew its position in Wells Fargo & Company by 21.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,773 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 495 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in Wells Fargo & Company by 6.7% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,115 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 259 shares during the last quarter. First Heartland Consultants Inc. bought a new stake in Wells Fargo & Company during the 3rd quarter worth $309,000. Finally, Aptus Capital Advisors LLC grew its position in Wells Fargo & Company by 17.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 27,872 shares of the financial services provider’s stock worth $1,574,000 after acquiring an additional 4,048 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Down 0.8 %

WFC stock opened at $68.35 on Friday. The stock’s 50 day simple moving average is $75.90 and its 200 day simple moving average is $68.74. Wells Fargo & Company has a fifty-two week low of $50.15 and a fifty-two week high of $81.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market cap of $224.76 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, topping 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 business had revenue of $20.38 billion for the quarter, compared to the consensus estimate of $20.58 billion. During the same period in the prior year, the business earned $0.86 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.74%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays boosted their price objective on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Citigroup upped their price target on Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Truist Financial upped their price target on Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Royal Bank of Canada upgraded Wells Fargo & Company from a “sector perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday. Finally, Piper Sandler upped 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. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus target price of $74.39.

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.