Mutual of America Capital Management LLC Trims Stock Position in Wells Fargo & Company (NYSE:WFC)

Mutual of America Capital Management LLC reduced its stake in shares of Wells Fargo & Company (NYSE:WFC) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 486,139 shares of the financial services provider’s stock after selling 25,987 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Wells Fargo & Company were worth $23,928,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Defender Capital LLC. acquired a new stake in Wells Fargo & Company in the first quarter valued at approximately $246,000. Fairfield Bush & CO. acquired a new stake in shares of Wells Fargo & Company in the first quarter valued at about $124,000. Dakota Wealth Management purchased a new stake in shares of Wells Fargo & Company during the first quarter worth about $222,000. Candriam Luxembourg S.C.A. raised its position in shares of Wells Fargo & Company by 0.3% during the 1st 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 last quarter. Finally, Zions Bancorporation N.A. boosted its holdings in Wells Fargo & Company by 24.5% in the 1st quarter. Zions Bancorporation N.A. now owns 9,630 shares of the financial services provider’s stock worth $467,000 after buying an additional 1,895 shares during the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WFC shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $51.00 target price on shares of Wells Fargo & Company in a report on Tuesday, January 9th. Odeon Capital Group lowered shares of Wells Fargo & Company from a “buy” rating to a “hold” rating and set a $48.80 target price for the company. in a report on Thursday, January 18th. Jefferies Financial Group increased their target price on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the company a “hold” rating in a research report on Monday. Barclays boosted their price target on shares of Wells Fargo & Company from $54.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Citigroup reiterated a “neutral” rating and issued a $63.00 price objective (up previously from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wells Fargo & Company presently has a consensus rating of “Hold” and a consensus target price of $58.37.

Get Our Latest Stock Analysis on Wells Fargo & Company

Wells Fargo & Company Trading Down 0.5 %

Shares of WFC stock opened at $56.65 on Friday. Wells Fargo & Company has a 1-year low of $36.40 and a 1-year high of $58.44. The firm has a market cap of $200.56 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. The company has a 50-day moving average of $54.77 and a two-hundred day moving average of $48.11. 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 announced its earnings results on Friday, January 12th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.30). Wells Fargo & Company had a net margin of 16.60% and a return on equity of 12.40%. The firm had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.30 billion. During the same period in the previous year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts predict that Wells Fargo & Company will post 4.75 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 2nd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 1st. Wells Fargo & Company’s dividend payout ratio is currently 29.05%.

Wells Fargo & Company 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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