SeaCrest Wealth Management LLC Raises Stock Holdings in Wells Fargo & Company (NYSE:WFC)

SeaCrest Wealth Management LLC lifted its holdings in Wells Fargo & Company (NYSE:WFC) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,621 shares of the financial services provider’s stock after purchasing an additional 3,305 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Wells Fargo & Company were worth $1,519,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Accurate Wealth Management LLC purchased a new position in shares of Wells Fargo & Company in the 4th quarter worth $582,000. Sovereign Financial Group Inc. bought a new position in shares of Wells Fargo & Company in the 4th quarter valued at about $210,000. Quad Cities Investment Group LLC boosted its holdings in shares of Wells Fargo & Company by 0.3% in the 4th quarter. Quad Cities Investment Group LLC now owns 52,576 shares of the financial services provider’s stock worth $3,693,000 after purchasing an additional 158 shares during the period. Ignite Planners LLC purchased a new position in Wells Fargo & Company during the fourth quarter worth $255,000. Finally, Hummer Financial Advisory Services Inc bought a new stake in shares of Wells Fargo & Company in the 4th quarter worth about $220,000. Institutional investors own 75.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on WFC shares. Morgan Stanley cut their price target on shares of Wells Fargo & Company from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. Piper Sandler increased their price target on 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 raised their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods upped their price objective on Wells Fargo & Company from $61.00 to $79.00 and gave the company a “market perform” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group lifted their target price on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and an average target price of $69.92.

Wells Fargo & Company Stock Up 0.8 %

Shares of NYSE WFC opened at $71.07 on Wednesday. Wells Fargo & Company has a 12-month low of $46.12 and a 12-month high of $78.13. The stock’s fifty day simple moving average is $72.41 and its two-hundred day simple moving average is $63.15. The stock has a market capitalization of $236.63 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.47 and a beta of 1.18. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 8th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Friday, November 8th. Wells Fargo & Company’s payout ratio is currently 33.26%.

Wells Fargo & 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.