Stableford Capital II LLC Reduces Stake in Wells Fargo & Company (NYSE:WFC)

Stableford Capital II LLC lessened its stake in Wells Fargo & Company (NYSE:WFC) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,121 shares of the financial services provider’s stock after selling 496 shares during the quarter. Wells Fargo & Company makes up approximately 1.0% of Stableford Capital II LLC’s portfolio, making the stock its 25th biggest holding. Stableford Capital II LLC’s holdings in Wells Fargo & Company were worth $2,607,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WFC. Mattson Financial Services LLC purchased a new position in shares of Wells Fargo & Company during the 2nd quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Wells Fargo & Company in the second quarter valued at approximately $26,000. Truvestments Capital LLC purchased a new stake in shares of Wells Fargo & Company during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC bought a new position in Wells Fargo & Company in the 4th quarter worth approximately $30,000. Finally, Decker Retirement Planning Inc. purchased a new position in Wells Fargo & Company in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Down 0.0 %

NYSE WFC opened at $78.81 on Friday. The business’s 50-day moving average is $73.59 and its 200 day moving average is $64.72. The stock has a market capitalization of $262.40 billion, a PE ratio of 14.65, a PEG ratio of 1.18 and a beta of 1.18. 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 has a 1 year low of $47.45 and a 1 year high of $79.29.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm had revenue of $20.38 billion for the quarter, compared to analysts’ expectations of $20.58 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Sell-side analysts forecast that Wells Fargo & Company will post 5.84 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. Wells Fargo & Company’s dividend payout ratio is 29.74%.

Wall Street Analysts Forecast Growth

WFC has been the topic of several recent research reports. Citigroup increased their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Compass Point upped their target price on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler lifted their price target on Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised their target price on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Morgan Stanley increased their target price on Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Wells Fargo & Company presently has an average rating of “Hold” and a consensus price target of $73.39.

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.