Aigen Investment Management LP Has $646,000 Holdings in Wells Fargo & Company (NYSE:WFC)

Aigen Investment Management LP decreased its holdings in Wells Fargo & Company (NYSE:WFC) by 72.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,131 shares of the financial services provider’s stock after selling 33,987 shares during the quarter. Aigen Investment Management LP’s holdings in Wells Fargo & Company were worth $646,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WFC. Fortis Group Advisors LLC bought a new stake in Wells Fargo & Company during the third quarter worth $25,000. Arlington Trust Co LLC bought a new stake in shares of Wells Fargo & Company in the 4th quarter worth $25,000. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Wells Fargo & Company by 208.0% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 356,620 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Wells Fargo & Company during the fourth quarter valued at about $29,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Wells Fargo & Company during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on WFC shares. Argus lifted their target price on shares of Wells Fargo & Company from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Oppenheimer reiterated a “market perform” rating on shares of Wells Fargo & Company in a report on Monday, April 15th. JPMorgan Chase & Co. upped their price objective on Wells Fargo & Company from $59.00 to $61.50 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. HSBC lifted their target price on Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, Citigroup restated a “neutral” rating and set a $63.00 price objective (up previously from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. Fourteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Wells Fargo & Company has an average rating of “Hold” and a consensus price target of $58.99.

Wells Fargo & Company Stock Down 0.6 %

WFC stock opened at $60.54 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $211.06 billion, a PE ratio of 12.72, a PEG ratio of 1.62 and a beta of 1.18. Wells Fargo & Company has a twelve month low of $38.38 and a twelve month high of $62.55. The stock has a 50-day simple moving average of $58.93 and a two-hundred day simple moving average of $52.21.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. The business had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. On average, equities analysts predict that Wells Fargo & Company will post 5.08 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Friday, May 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.31%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.23%.

Wells Fargo & Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.