Wells Fargo & Company (NYSE:WFC) Stock Position Lifted by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC raised its holdings in Wells Fargo & Company (NYSE:WFC) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,364 shares of the financial services provider’s stock after acquiring an additional 916 shares during the quarter. Wells Fargo & Company comprises approximately 1.9% of Cohen Investment Advisors LLC’s holdings, making the stock its 22nd largest position. Cohen Investment Advisors LLC’s holdings in Wells Fargo & Company were worth $3,116,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Cypress Wealth Services LLC lifted its position in Wells Fargo & Company by 1.2% during the 4th quarter. Cypress Wealth Services LLC now owns 16,004 shares of the financial services provider’s stock worth $1,124,000 after acquiring an additional 189 shares during the last quarter. Congress Park Capital LLC bought a new stake in Wells Fargo & Company in the 4th quarter valued at $2,090,000. Capital Advisors Wealth Management LLC acquired a new position in Wells Fargo & Company in the fourth quarter worth about $241,000. Retireful LLC acquired a new stake in Wells Fargo & Company in the 4th quarter valued at $1,291,000. Finally, JGP Wealth Management LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter worth about $248,000. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $75.94 on Friday. Wells Fargo & Company has a 52-week low of $46.12 and a 52-week high of $78.13. The stock’s 50-day simple moving average is $72.47 and its 200 day simple moving average is $63.24. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $252.85 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. The firm had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. Research analysts forecast that Wells Fargo & Company will post 5.45 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 8th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Friday, November 8th. Wells Fargo & Company’s payout ratio is 33.26%.

Wall Street Analyst Weigh In

WFC has been the topic of several research reports. Piper Sandler increased their price objective on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Compass Point increased their target price on Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group upped their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Citigroup lifted their price target on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Finally, UBS Group boosted their target price on Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.17.

Wells Fargo & Company Company Profile

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.