Savant Capital LLC Has $6.73 Million Position in Wells Fargo & Company (NYSE:WFC)

Savant Capital LLC raised its stake in shares of Wells Fargo & Company (NYSE:WFC) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,767 shares of the financial services provider’s stock after buying an additional 6,075 shares during the quarter. Savant Capital LLC’s holdings in Wells Fargo & Company were worth $6,727,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Truvestments Capital LLC acquired a new position in shares of Wells Fargo & Company in the 3rd quarter valued at approximately $29,000. Modus Advisors LLC acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at approximately $30,000. Decker Retirement Planning Inc. acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Wells Fargo & Company in the 3rd quarter valued at approximately $34,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Wells Fargo & Company in the 3rd quarter valued at approximately $34,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Trading Down 2.0 %

Shares of Wells Fargo & Company stock opened at $79.05 on Tuesday. Wells Fargo & Company has a 12-month low of $47.59 and a 12-month high of $81.50. The stock has a market cap of $263.21 billion, a P/E ratio of 14.69, a P/E/G ratio of 1.22 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average is $73.89 and its 200-day moving average is $65.51.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $20.38 billion for the quarter, compared to analysts’ expectations of $20.58 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts predict that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.74%.

Analyst Ratings Changes

Several brokerages recently issued reports on WFC. Piper Sandler boosted their price objective 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $61.00 price objective on shares of Wells Fargo & Company in a research report on Monday, October 14th. Citigroup upped their price target 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 price target on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Truist Financial upped their price target on Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Wells Fargo & Company currently has an average rating of “Hold” and an average target price of $73.39.

About Wells Fargo & Company

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.