Hantz Financial Services Inc. Buys 88,036 Shares of Wells Fargo & Company (NYSE:WFC)

Hantz Financial Services Inc. raised its stake in Wells Fargo & Company (NYSE:WFC) by 2,510.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,543 shares of the financial services provider’s stock after acquiring an additional 88,036 shares during the period. Hantz Financial Services Inc.’s holdings in Wells Fargo & Company were worth $6,430,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Income Research & Management bought a new stake in shares of Wells Fargo & Company during the third quarter worth $211,000. Mattson Financial Services LLC bought a new stake in shares of Wells Fargo & Company during the second quarter worth $25,000. Modus Advisors LLC bought a new stake in shares of Wells Fargo & Company during the fourth quarter worth $30,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Wells Fargo & Company during the second quarter worth $26,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Wells Fargo & Company during the fourth quarter worth $32,000. 75.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI raised their price target on Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Phillip Securities upgraded Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and raised their price target for the company from $60.83 to $65.00 in a report on Tuesday, October 15th. Piper Sandler raised their price target on Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Citigroup raised their price target on Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods increased their target price on Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.39.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $78.41 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. Wells Fargo & Company has a 52 week low of $47.45 and a 52 week high of $78.98. The stock has a market capitalization of $261.07 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The stock has a fifty day moving average of $73.35 and a 200-day moving average of $64.38.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. The business had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. Wells Fargo & Company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. On average, sell-side analysts expect that Wells Fargo & Company will post 5.84 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. Wells Fargo & Company’s dividend payout ratio 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.