WP Advisors LLC Sells 286 Shares of Wells Fargo & Company (NYSE:WFC)

WP Advisors LLC cut its holdings in Wells Fargo & Company (NYSE:WFC) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,883 shares of the financial services provider’s stock after selling 286 shares during the period. WP Advisors LLC’s holdings in Wells Fargo & Company were worth $880,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WFC. Fortis Group Advisors LLC bought a new position in shares of Wells Fargo & Company in the third quarter worth about $25,000. Arlington Trust Co LLC bought a new position in shares of Wells Fargo & Company in the fourth quarter worth about $25,000. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Wells Fargo & Company by 208.0% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 356,620 shares during the period. Studio Investment Management LLC bought a new position in shares of Wells Fargo & Company in the fourth quarter worth about $28,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Wells Fargo & Company during the first quarter valued at about $28,000. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Stock Up 2.7 %

Shares of WFC opened at $60.35 on Friday. The company has a market capitalization of $213.66 billion, a P/E ratio of 12.60, a PEG ratio of 1.17 and a beta of 1.19. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.87 and a quick ratio of 0.86. Wells Fargo & Company has a one year low of $36.40 and a one year high of $60.85. The business’s 50 day simple moving average is $55.88 and its 200-day simple moving average is $48.89.

Wells Fargo & Company (NYSE:WFCGet Free Report) last announced its 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 return on equity of 12.30% and a net margin of 15.63%. The business had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the previous year, the business earned $1.23 EPS. Wells Fargo & Company’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts predict that Wells Fargo & Company will post 5.06 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 2nd were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, February 1st. Wells Fargo & Company’s dividend payout ratio is 29.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Argus boosted their price target on Wells Fargo & Company from $57.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $62.00 price target (up from $56.00) on shares of Wells Fargo & Company in a research note on Wednesday, March 27th. StockNews.com upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Compass Point restated a “neutral” rating and set a $64.00 price target on shares of Wells Fargo & Company in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group boosted their price target on Wells Fargo & Company from $52.00 to $60.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Thirteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wells Fargo & Company presently has an average rating of “Hold” and a consensus target price of $58.85.

Get Our Latest Report on WFC

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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