Plancorp LLC Acquires 1,264 Shares of Wells Fargo & Company (NYSE:WFC)

Plancorp LLC grew its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,889 shares of the financial services provider’s stock after acquiring an additional 1,264 shares during the period. Plancorp LLC’s holdings in Wells Fargo & Company were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of WFC. Prospera Private Wealth LLC bought a new stake in shares of Wells Fargo & Company during the 3rd quarter valued at $132,000. King Luther Capital Management Corp grew its position in shares of Wells Fargo & Company by 1.4% during the 3rd quarter. King Luther Capital Management Corp now owns 85,680 shares of the financial services provider’s stock valued at $4,840,000 after acquiring an additional 1,200 shares during the period. Intech Investment Management LLC grew its position in shares of Wells Fargo & Company by 33.6% during the 3rd quarter. Intech Investment Management LLC now owns 135,555 shares of the financial services provider’s stock valued at $7,658,000 after acquiring an additional 34,068 shares during the period. Trustmark National Bank Trust Department grew its position in shares of Wells Fargo & Company by 13.9% during the 3rd quarter. Trustmark National Bank Trust Department now owns 4,813 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 587 shares during the period. Finally, Integrated Investment Consultants LLC purchased a new position in shares of Wells Fargo & Company during the 3rd quarter valued at $471,000. Institutional investors own 75.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WFC. Truist Financial lifted their target price on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Royal Bank of Canada upgraded shares of Wells Fargo & Company from a “sector perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, March 13th. Compass Point lifted their target price on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their price target on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $74.39.

Wells Fargo & Company Stock Down 0.0 %

Shares of NYSE WFC opened at $72.51 on Friday. The firm’s 50-day moving average price is $75.95 and its 200-day moving average price is $69.34. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $238.43 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.18 and a beta of 1.16. Wells Fargo & Company has a 12-month low of $50.15 and a 12-month high of $81.50.

Wells Fargo & Company (NYSE:WFC) last announced 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. The firm had revenue of $20.38 billion for the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. On average, equities research analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 2.21%. Wells Fargo & Company’s payout ratio is 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.