Truehand Inc bought a new stake in shares of Wells Fargo & Co (NYSE:WFC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,314 shares of the financial services provider’s stock, valued at approximately $982,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Guyasuta Investment Advisors Inc. increased its stake in Wells Fargo & Co by 3.0% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 282,263 shares of the financial services provider’s stock worth $13,007,000 after acquiring an additional 8,197 shares during the last quarter. Sage Capital Advisors llc increased its stake in Wells Fargo & Co by 25.8% in the 4th quarter. Sage Capital Advisors llc now owns 64,187 shares of the financial services provider’s stock worth $2,958,000 after acquiring an additional 13,178 shares during the last quarter. Tredje AP fonden increased its stake in Wells Fargo & Co by 1.5% in the 4th quarter. Tredje AP fonden now owns 307,116 shares of the financial services provider’s stock worth $14,152,000 after acquiring an additional 4,391 shares during the last quarter. Clarius Group LLC increased its stake in Wells Fargo & Co by 19.6% in the 4th quarter. Clarius Group LLC now owns 16,077 shares of the financial services provider’s stock worth $741,000 after acquiring an additional 2,639 shares during the last quarter. Finally, Garrison Point Advisors LLC bought a new stake in Wells Fargo & Co in the 4th quarter worth approximately $869,000. 72.21% of the stock is currently owned by institutional investors.

Shares of Wells Fargo & Co stock opened at $48.08 on Tuesday. The company has a market capitalization of $235.64 billion, a PE ratio of 10.98, a P/E/G ratio of 0.87 and a beta of 1.12. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.88 and a quick ratio of 0.87. Wells Fargo & Co has a one year low of $43.02 and a one year high of $59.53.

Wells Fargo & Co (NYSE:WFC) last announced its earnings results on Tuesday, January 15th. The financial services provider reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.04. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.80 billion. Wells Fargo & Co had a return on equity of 13.34% and a net margin of 22.95%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. As a group, research analysts forecast that Wells Fargo & Co will post 4.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 1st were issued a $0.45 dividend. This is a boost from Wells Fargo & Co’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, January 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.74%. Wells Fargo & Co’s payout ratio is 41.10%.

WFC has been the topic of a number of research reports. Zacks Investment Research downgraded Wells Fargo & Co from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th. Royal Bank of Canada raised Wells Fargo & Co from an “underperform” rating to a “sector perform” rating and set a $45.50 price objective on the stock in a research note on Wednesday, January 2nd. ValuEngine raised Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Credit Suisse Group reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Wells Fargo & Co in a research note on Friday, January 11th. Finally, Barclays reduced their price objective on Wells Fargo & Co from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $61.33.

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Wells Fargo & Co Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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

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