Beaumont Financial Advisors LLC Acquires New Shares in Wells Fargo & Company (NYSE:WFC)

Beaumont Financial Advisors LLC acquired a new stake in Wells Fargo & Company (NYSE:WFC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,958 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other hedge funds have also recently bought and sold shares of WFC. AlTi Global Inc. increased its stake in Wells Fargo & Company by 4.2% in the 2nd quarter. AlTi Global Inc. now owns 19,675 shares of the financial services provider’s stock valued at $1,168,000 after purchasing an additional 799 shares in the last quarter. AQR Capital Management LLC grew its holdings in Wells Fargo & Company by 55.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,023,779 shares of the financial services provider’s stock valued at $59,901,000 after buying an additional 365,600 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in Wells Fargo & Company during the 2nd quarter valued at $5,214,000. Daymark Wealth Partners LLC grew its holdings in Wells Fargo & Company by 4.7% during the 2nd quarter. Daymark Wealth Partners LLC now owns 75,647 shares of the financial services provider’s stock valued at $4,493,000 after buying an additional 3,391 shares during the last quarter. Finally, MBB Public Markets I LLC grew its holdings in Wells Fargo & Company by 1,710.7% during the 2nd quarter. MBB Public Markets I LLC now owns 251,868 shares of the financial services provider’s stock valued at $14,958,000 after buying an additional 237,958 shares during the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WFC has been the topic of a number of analyst reports. Piper Sandler increased their target price on Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Truist Financial increased their target price on Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods increased their target price on Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Morgan Stanley raised their price objective on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, UBS Group raised their price objective on Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Trading Down 0.1 %

NYSE:WFC opened at $77.49 on Friday. The business’s 50-day moving average is $73.03 and its two-hundred day moving average is $63.82. 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 12 month low of $47.45 and a 12 month high of $78.30. The firm has a market capitalization of $258.00 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data 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. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. During the same period last year, the company posted $0.86 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Research analysts predict that Wells Fargo & Company will post 5.84 earnings per share for the current fiscal year.

Wells Fargo & 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.