Greenleaf Trust Purchases 1,229 Shares of Wells Fargo & Company (NYSE:WFC)

Greenleaf Trust grew its position in shares of Wells Fargo & Company (NYSE:WFC) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,566 shares of the financial services provider’s stock after buying an additional 1,229 shares during the quarter. Greenleaf Trust’s holdings in Wells Fargo & Company were worth $3,473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of WFC. Norges Bank purchased a new stake in shares of Wells Fargo & Company during the 4th quarter worth approximately $2,049,693,000. Northern Trust Corp grew its stake in Wells Fargo & Company by 0.3% in the 3rd quarter. Northern Trust Corp now owns 38,197,624 shares of the financial services provider’s stock valued at $1,560,755,000 after buying an additional 129,300 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Wells Fargo & Company by 129,312.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 26,287,479 shares of the financial services provider’s stock valued at $1,085,410,000 after purchasing an additional 26,267,166 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Wells Fargo & Company by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,901,706 shares of the financial services provider’s stock valued at $1,061,357,000 after purchasing an additional 64,080 shares during the period. Finally, Pzena Investment Management LLC lifted its holdings in shares of Wells Fargo & Company by 1.9% during the 3rd quarter. Pzena Investment Management LLC now owns 18,269,318 shares of the financial services provider’s stock worth $746,484,000 after acquiring an additional 335,560 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

Analyst Ratings Changes

WFC has been the topic of a number of analyst reports. Robert W. Baird restated a “neutral” rating and issued a $55.00 price objective on shares of Wells Fargo & Company in a research report on Monday, January 8th. Argus boosted their price target on shares of Wells Fargo & Company from $57.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Odeon Capital Group cut shares of Wells Fargo & Company from a “buy” rating to a “hold” rating and set a $48.80 price target on the stock. in a research report on Thursday, January 18th. The Goldman Sachs Group upped their price objective on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Compass Point restated a “neutral” rating and issued a $64.00 price objective on shares of Wells Fargo & Company in a report on Tuesday, April 9th. Thirteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $58.85.

Wells Fargo & Company Stock Up 2.7 %

WFC opened at $60.36 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. Wells Fargo & Company has a fifty-two week low of $36.40 and a fifty-two week high of $60.85. The firm’s fifty day moving average is $55.88 and its 200 day moving average is $48.82. The stock has a market cap of $213.68 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.14 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. The company had revenue of $20.86 billion for the quarter, compared to analysts’ expectations of $20.19 billion. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. Wells Fargo & Company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 EPS. On average, sell-side analysts forecast that Wells Fargo & Company will post 5.06 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 2nd were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.32%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.23%.

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.