Lawson Kroeker Investment Management Inc. NE Decreases Stake in Wells Fargo & Company (NYSE:WFC)

Lawson Kroeker Investment Management Inc. NE lowered its position in shares of Wells Fargo & Company (NYSE:WFC) by 42.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,314 shares of the financial services provider’s stock after selling 25,156 shares during the quarter. Lawson Kroeker Investment Management Inc. NE’s holdings in Wells Fargo & Company were worth $2,410,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Stordahl Capital Management Inc. acquired a new position in Wells Fargo & Company during the 4th quarter worth approximately $276,000. Abel Hall LLC lifted its position in Wells Fargo & Company by 3.8% during the 4th quarter. Abel Hall LLC now owns 11,325 shares of the financial services provider’s stock worth $795,000 after acquiring an additional 417 shares in the last quarter. Baron Wealth Management LLC lifted its position in Wells Fargo & Company by 12.8% during the 4th quarter. Baron Wealth Management LLC now owns 4,836 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 547 shares in the last quarter. Strategic Planning Group LLC acquired a new position in Wells Fargo & Company during the 4th quarter worth approximately $203,000. Finally, New England Research & Management Inc. acquired a new position in Wells Fargo & Company during the 4th quarter worth approximately $675,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Piper Sandler boosted their price target on Wells Fargo & Company from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Evercore ISI upped their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial upped their target price on Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. The Goldman Sachs Group upped their target price on Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Wolfe Research raised Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Tuesday, October 8th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $73.39.

Wells Fargo & Company Price Performance

Shares of WFC opened at $78.41 on Thursday. The company has a market cap of $261.07 billion, a P/E ratio of 14.57, a PEG ratio of 1.17 and a beta of 1.18. The stock has a fifty day moving average price of $73.35 and a 200 day moving average price of $64.38. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. Wells Fargo & Company has a 12 month low of $47.45 and a 12 month high of $78.98.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) 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 analysts’ expectations of $20.58 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts forecast that Wells Fargo & Company will post 5.84 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. Wells Fargo & Company’s payout ratio is 29.74%.

Wells Fargo & Company Company Profile

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.