Regent Peak Wealth Advisors LLC Buys New Shares in Wells Fargo & Company (NYSE:WFC)

Regent Peak Wealth Advisors LLC bought a new stake in Wells Fargo & Company (NYSE:WFCFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,859 shares of the financial services provider’s stock, valued at approximately $239,000.

Several other hedge funds have also made changes to their positions in WFC. Defender Capital LLC. bought a new position in Wells Fargo & Company during the first quarter worth about $246,000. Fairfield Bush & CO. bought a new position in Wells Fargo & Company during the first quarter worth about $124,000. Dakota Wealth Management bought a new position in Wells Fargo & Company during the first quarter worth about $222,000. Candriam Luxembourg S.C.A. lifted its stake in Wells Fargo & Company by 0.3% during the first quarter. Candriam Luxembourg S.C.A. now owns 273,936 shares of the financial services provider’s stock worth $13,274,000 after purchasing an additional 770 shares during the period. Finally, Zions Bancorporation N.A. lifted its stake in Wells Fargo & Company by 24.5% during the first quarter. Zions Bancorporation N.A. now owns 9,630 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 1,895 shares during the period. Institutional investors own 75.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Odeon Capital Group cut shares of Wells Fargo & Company from a “buy” rating to a “hold” rating and set a $48.80 price target for the company. in a research note on Thursday, January 18th. Piper Sandler dropped their price objective on shares of Wells Fargo & Company from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $62.00 price objective (up previously from $56.00) on shares of Wells Fargo & Company in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 price objective on shares of Wells Fargo & Company in a report on Tuesday, January 9th. Finally, Morgan Stanley raised their price objective on shares of Wells Fargo & Company from $54.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Twelve analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.68.

Get Our Latest Stock Report on WFC

Wells Fargo & Company Stock Down 0.4 %

Wells Fargo & Company stock opened at $57.36 on Wednesday. The firm has a market capitalization of $203.08 billion, a PE ratio of 11.90, a P/E/G ratio of 1.20 and a beta of 1.19. The company’s 50-day moving average is $53.77 and its 200-day moving average is $47.47. Wells Fargo & Company has a fifty-two week low of $36.27 and a fifty-two week high of $58.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.88.

Wells Fargo & Company (NYSE:WFCGet Free Report) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.30). The firm had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.30 billion. Wells Fargo & Company had a return on equity of 12.40% and a net margin of 16.60%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Sell-side analysts anticipate that Wells Fargo & Company will post 4.72 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 2nd were paid a $0.35 dividend. The ex-dividend date was Thursday, February 1st. This represents a $1.40 dividend on an annualized basis and a yield of 2.44%. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.05%.

Wells Fargo & Company Profile

(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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