Wells Fargo & Company (NYSE:WFC) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in Wells Fargo & Company (NYSE:WFC) by 10.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,426 shares of the financial services provider’s stock after selling 500 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Wells Fargo & Company were worth $345,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. 17 Capital Partners LLC boosted its position in shares of Wells Fargo & Company by 51.2% during the 4th quarter. 17 Capital Partners LLC now owns 5,923 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 2,005 shares in the last quarter. Compass Financial Services Inc acquired a new stake in Wells Fargo & Company during the fourth quarter valued at approximately $117,000. Kestra Private Wealth Services LLC boosted its holdings in Wells Fargo & Company by 25.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 98,699 shares of the financial services provider’s stock worth $6,933,000 after buying an additional 19,757 shares in the last quarter. Quotient Wealth Partners LLC grew its position in Wells Fargo & Company by 1.8% in the fourth quarter. Quotient Wealth Partners LLC now owns 12,068 shares of the financial services provider’s stock worth $848,000 after buying an additional 214 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. bought a new position in shares of Wells Fargo & Company in the fourth quarter valued at $226,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Down 0.8 %

NYSE:WFC opened at $80.76 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market capitalization of $268.89 billion, a P/E ratio of 15.01, a P/E/G ratio of 1.22 and a beta of 1.18. The stock’s 50 day moving average price is $73.89 and its 200 day moving average price is $65.47. Wells Fargo & Company has a 52 week low of $47.47 and a 52 week high of $81.50.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share 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 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%. Wells Fargo & Company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. On average, research analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.74%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WFC. Truist Financial lifted their target price on Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. 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 note on Monday, October 14th. Morgan Stanley lifted their target price on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Evercore ISI upped their price target on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Wells Fargo & Company presently has an average 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.