10,486 Shares in Wells Fargo & Company (NYSE:WFC) Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC acquired a new position in shares of Wells Fargo & Company (NYSE:WFC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,486 shares of the financial services provider’s stock, valued at approximately $516,000.

Other institutional investors have also modified their holdings of the company. Core Wealth Advisors Inc. purchased a new position in shares of Wells Fargo & Company in the 4th quarter valued at about $25,000. Arlington Trust Co LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter worth about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Wells Fargo & Company during the 4th quarter worth about $29,000. Fortis Group Advisors LLC purchased a new position in shares of Wells Fargo & Company during the 3rd quarter worth about $25,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth about $32,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on WFC. HSBC raised their price target on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price objective on shares of Wells Fargo & Company from $59.00 to $61.50 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Argus boosted their price target 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. Evercore ISI boosted their price objective on Wells Fargo & Company from $58.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Jefferies Financial Group lifted their target price on Wells Fargo & Company from $52.00 to $60.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Fourteen 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $58.99.

Wells Fargo & Company Stock Performance

Shares of WFC traded up $0.28 on Monday, reaching $57.68. 7,758,540 shares of the company’s stock traded hands, compared to its average volume of 17,950,375. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 1.14. The stock’s 50 day simple moving average is $59.38 and its two-hundred day simple moving average is $54.25. Wells Fargo & Company has a 52-week low of $38.38 and a 52-week high of $62.55. The stock has a market cap of $201.09 billion, a PE ratio of 12.08, a PEG ratio of 1.49 and a beta of 1.17.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The company had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same quarter last year, the company earned $1.23 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts forecast that Wells Fargo & Company will post 5.14 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Friday, May 10th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.43%. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.23%.

Wells Fargo & Company 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.