Jacobs & Co. CA Sells 225 Shares of Wells Fargo & Company (NYSE:WFC)

Jacobs & Co. CA cut its stake in Wells Fargo & Company (NYSE:WFC) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 12,157 shares of the financial services provider’s stock after selling 225 shares during the period. Jacobs & Co. CA’s holdings in Wells Fargo & Company were worth $598,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. First Financial Corp IN raised its holdings in Wells Fargo & Company by 4.9% in the 4th quarter. First Financial Corp IN now owns 4,595 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 214 shares in the last quarter. CX Institutional grew its position in shares of Wells Fargo & Company by 1.1% in the 4th quarter. CX Institutional now owns 20,280 shares of the financial services provider’s stock worth $998,000 after buying an additional 217 shares during the period. Founders Financial Securities LLC grew its position in shares of Wells Fargo & Company by 0.8% in the 2nd quarter. Founders Financial Securities LLC now owns 31,571 shares of the financial services provider’s stock worth $1,347,000 after buying an additional 240 shares during the period. SJS Investment Consulting Inc. grew its position in shares of Wells Fargo & Company by 19.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 1,523 shares of the financial services provider’s stock worth $75,000 after buying an additional 244 shares during the period. Finally, Cape Cod Five Cents Savings Bank grew its position in shares of Wells Fargo & Company by 4.6% in the 4th quarter. Cape Cod Five Cents Savings Bank now owns 5,625 shares of the financial services provider’s stock worth $232,000 after buying an additional 245 shares during the period. 75.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WFC shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 target price on shares of Wells Fargo & Company in a research report on Monday, January 8th. The Goldman Sachs Group upped their target price on shares of Wells Fargo & Company from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Oppenheimer reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, March 19th. Raymond James upped their target price on shares of Wells Fargo & Company from $55.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 16th. Finally, HSBC increased their price objective on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Thursday. Twelve investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wells Fargo & Company presently has an average rating of “Hold” and a consensus target price of $55.19.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $57.61 on Thursday. The firm’s 50 day moving average price is $52.78 and its 200-day moving average price is $46.94. Wells Fargo & Company has a twelve month low of $36.27 and a twelve month high of $58.44. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $203.96 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.30). Wells Fargo & Company had a return on equity of 12.40% and a net margin of 16.60%. The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.30 billion. During the same quarter last year, the company earned $0.67 EPS. Wells Fargo & Company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts expect that Wells Fargo & Company will post 4.72 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 2nd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Thursday, February 1st. Wells Fargo & Company’s payout ratio is 29.05%.

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.