Mayflower Financial Advisors LLC Raises Holdings in Wells Fargo & Company (NYSE:WFC)

Mayflower Financial Advisors LLC boosted its stake in Wells Fargo & Company (NYSE:WFC) by 3.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,486 shares of the financial services provider’s stock after buying an additional 170 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Wells Fargo & Company were worth $385,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Denver Wealth Management Inc. lifted its position in shares of Wells Fargo & Company by 4.4% in the fourth quarter. Denver Wealth Management Inc. now owns 5,547 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 234 shares in the last quarter. BSW Wealth Partners acquired a new position in Wells Fargo & Company in the 4th quarter valued at about $230,000. Stonegate Investment Group LLC lifted its holdings in Wells Fargo & Company by 1.3% in the 4th quarter. Stonegate Investment Group LLC now owns 46,036 shares of the financial services provider’s stock valued at $3,234,000 after purchasing an additional 603 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Wells Fargo & Company by 2.0% during the 4th quarter. Perigon Wealth Management LLC now owns 197,187 shares of the financial services provider’s stock worth $14,976,000 after purchasing an additional 3,880 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. purchased a new stake in shares of Wells Fargo & Company during the fourth quarter worth about $21,787,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on WFC. The Goldman Sachs Group raised their target price 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. Compass Point raised their price objective on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Evercore ISI upped their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays increased their target price on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, UBS Group upped their price objective on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $73.39.

Wells Fargo & Company Stock Up 0.7 %

Shares of NYSE WFC opened at $78.41 on Thursday. The stock has a fifty day moving average price of $73.35 and a 200 day moving average price of $64.38. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 12-month low of $47.45 and a 12-month high of $78.98. The company has a market cap of $261.07 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.17 and a beta of 1.18.

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 the consensus estimate 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 return on equity of 12.38% and a net margin of 15.73%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. Research analysts anticipate that Wells Fargo & Company will post 5.84 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. Wells Fargo & Company’s payout ratio is currently 29.74%.

Wells Fargo & Company Company Profile

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.