Financial Engines Advisors L.L.C. Buys 4,811 Shares of Wells Fargo & Company (NYSE:WFC)

Financial Engines Advisors L.L.C. grew its position in Wells Fargo & Company (NYSE:WFC) by 47.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,013 shares of the financial services provider’s stock after acquiring an additional 4,811 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Wells Fargo & Company were worth $1,054,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in Wells Fargo & Company in the fourth quarter valued at approximately $95,000. Florida Financial Advisors LLC raised its stake in Wells Fargo & Company by 28.7% during the fourth quarter. Florida Financial Advisors LLC now owns 5,797 shares of the financial services provider’s stock worth $407,000 after buying an additional 1,294 shares during the last quarter. Potentia Wealth bought a new position in Wells Fargo & Company during the fourth quarter worth $1,553,000. Signature Estate & Investment Advisors LLC lifted its holdings in Wells Fargo & Company by 33.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 8,692 shares of the financial services provider’s stock valued at $610,000 after buying an additional 2,177 shares during the period. Finally, Syverson Strege & Co bought a new stake in Wells Fargo & Company during the fourth quarter valued at $207,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WFC shares. Keefe, Bruyette & Woods upped their target price on Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Citigroup reduced their price objective on shares of Wells Fargo & Company from $82.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday. UBS Group lifted their price objective on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada raised shares of Wells Fargo & Company from a “sector perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, March 13th. Finally, Truist Financial raised their price target on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.18.

Wells Fargo & Company Price Performance

Shares of NYSE WFC opened at $72.33 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock has a fifty day simple moving average of $75.97 and a two-hundred day simple moving average of $69.80. Wells Fargo & Company has a 1-year low of $50.15 and a 1-year high of $81.50. The firm has a market cap of $236.17 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.74%.

About Wells Fargo & Company

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.