One Wealth Advisors LLC Increases Stake in Wells Fargo & Company (NYSE:WFC)

One Wealth Advisors LLC lifted its stake in shares of Wells Fargo & Company (NYSE:WFC) by 10.0% during the fourth quarter, Holdings Channel reports. The fund owned 27,728 shares of the financial services provider’s stock after acquiring an additional 2,515 shares during the period. One Wealth Advisors LLC’s holdings in Wells Fargo & Company were worth $1,948,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Resonant Capital Advisors LLC increased its holdings in Wells Fargo & Company by 12.5% during the 4th quarter. Resonant Capital Advisors LLC now owns 9,544 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 1,058 shares during the period. Catalina Capital Group LLC increased its stake in shares of Wells Fargo & Company by 7.9% during the fourth quarter. Catalina Capital Group LLC now owns 10,669 shares of the financial services provider’s stock worth $749,000 after buying an additional 783 shares during the period. Oregon Pacific Wealth Management LLC purchased a new stake in shares of Wells Fargo & Company during the fourth quarter worth approximately $231,000. Abner Herrman & Brock LLC raised its holdings in Wells Fargo & Company by 102.3% in the fourth quarter. Abner Herrman & Brock LLC now owns 283,124 shares of the financial services provider’s stock valued at $19,887,000 after acquiring an additional 143,174 shares in the last quarter. Finally, Horst & Graben Wealth Management LLC purchased a new position in Wells Fargo & Company in the fourth quarter worth approximately $201,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Trading Down 0.0 %

NYSE WFC opened at $78.81 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $73.59 and a 200 day moving average price of $64.78. Wells Fargo & Company has a 52-week low of $47.45 and a 52-week high of $79.29. The stock has a market capitalization of $262.40 billion, a P/E ratio of 14.65, a P/E/G ratio of 1.19 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last announced 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 business had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. Equities research analysts expect that Wells Fargo & Company will post 5.84 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio is currently 29.74%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WFC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $61.00 price objective on shares of Wells Fargo & Company in a research report on Monday, October 14th. Piper Sandler upped their price objective 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. Keefe, Bruyette & Woods increased their price objective on Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Truist Financial boosted their target price on Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Barclays boosted their price objective on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.39.

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.