Partners Capital Investment Group LLP Makes New $348,000 Investment in Wells Fargo & Company (NYSE:WFC)

Partners Capital Investment Group LLP acquired a new stake in shares of Wells Fargo & Company (NYSE:WFCFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,079 shares of the financial services provider’s stock, valued at approximately $348,000.

Several other institutional investors and hedge funds have also modified their holdings of WFC. First Financial Corp IN increased its position 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 purchasing an additional 214 shares during the period. CX Institutional grew its holdings in Wells Fargo & Company by 1.1% during the fourth quarter. CX Institutional now owns 20,280 shares of the financial services provider’s stock worth $998,000 after acquiring an additional 217 shares during the period. Cape Investment Advisory Inc. raised its position in Wells Fargo & Company by 3.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 6,746 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 219 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in Wells Fargo & Company by 4.1% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,645 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 224 shares during the period. Finally, ERTS Wealth Advisors LLC lifted its holdings in Wells Fargo & Company by 3.5% in the fourth quarter. ERTS Wealth Advisors LLC now owns 6,733 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 228 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Argus increased their price target 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. Morgan Stanley lifted their price target on shares of Wells Fargo & Company from $63.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. HSBC raised their price objective 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. Compass Point reiterated a “neutral” rating and set a $64.00 target price on shares of Wells Fargo & Company in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. upped their target price on Wells Fargo & Company from $59.00 to $61.50 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Fourteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.99.

View Our Latest Stock Analysis on WFC

Wells Fargo & Company Trading Up 1.2 %

Shares of WFC stock traded up $0.71 during mid-day trading on Friday, hitting $59.92. 25,386,837 shares of the company’s stock were exchanged, compared to its average volume of 14,286,395. The stock has a market cap of $208.90 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.56 and a beta of 1.18. 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 has a fifty-two week low of $38.38 and a fifty-two week high of $62.55. The stock has a 50-day simple moving average of $59.24 and a two-hundred day simple moving average of $53.12.

Wells Fargo & Company (NYSE:WFCGet Free Report) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The firm had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. Wells Fargo & Company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts expect that Wells Fargo & Company will post 5.08 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Friday, May 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.34%. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.23%.

About Wells Fargo & Company

(Free Report)

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.

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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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