Guyasuta Investment Advisors Inc. Lowers Holdings in Wells Fargo & Company (NYSE:WFC)

Guyasuta Investment Advisors Inc. decreased its holdings in Wells Fargo & Company (NYSE:WFC) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,464 shares of the financial services provider’s stock after selling 209 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Wells Fargo & Company were worth $384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Manchester Capital Management LLC boosted its stake in shares of Wells Fargo & Company by 2.0% in the fourth quarter. Manchester Capital Management LLC now owns 8,953 shares of the financial services provider’s stock valued at $629,000 after purchasing an additional 175 shares during the period. WealthPlan Investment Management LLC boosted its stake in shares of Wells Fargo & Company by 17.4% in the fourth quarter. WealthPlan Investment Management LLC now owns 10,606 shares of the financial services provider’s stock valued at $745,000 after purchasing an additional 1,572 shares during the period. BXM Wealth LLC purchased a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $230,000. Myriad Asset Management US LP purchased a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $1,545,000. Finally, Spinnaker Trust lifted its stake in Wells Fargo & Company by 1.8% in the fourth quarter. Spinnaker Trust now owns 7,407 shares of the financial services provider’s stock worth $520,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock opened at $79.68 on Friday. The firm’s fifty day simple moving average is $74.30 and its 200-day simple moving average is $65.96. The stock has a market capitalization of $265.29 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.22 and a beta of 1.18. Wells Fargo & Company has a 12 month low of $48.62 and a 12 month high of $81.50. 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 (NYSE:WFC) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. The business had revenue of $20.38 billion for the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. As a group, equities analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 2.01%. Wells Fargo & Company’s dividend payout ratio is currently 29.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WFC. Compass Point lifted their price target on shares of 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 lifted their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Barclays lifted their price target on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. UBS Group lifted their price target on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Evercore ISI lifted their price target on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.