Arkadios Wealth Advisors Has $1.55 Million Stock Position in Wells Fargo & Company (NYSE:WFC)

Arkadios Wealth Advisors grew its holdings in Wells Fargo & Company (NYSE:WFC) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,111 shares of the financial services provider’s stock after purchasing an additional 2,310 shares during the period. Arkadios Wealth Advisors’ holdings in Wells Fargo & Company were worth $1,553,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Spring Capital Management LLC bought a new stake in Wells Fargo & Company during the 4th quarter worth about $290,000. Brooklyn Investment Group increased its position in shares of Wells Fargo & Company by 4.7% in the fourth quarter. Brooklyn Investment Group now owns 23,269 shares of the financial services provider’s stock valued at $1,634,000 after acquiring an additional 1,051 shares during the last quarter. Merit Financial Group LLC raised its holdings in Wells Fargo & Company by 9.5% during the fourth quarter. Merit Financial Group LLC now owns 95,923 shares of the financial services provider’s stock worth $6,738,000 after acquiring an additional 8,311 shares in the last quarter. Chemistry Wealth Management LLC grew its stake in Wells Fargo & Company by 1.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 25,326 shares of the financial services provider’s stock valued at $1,779,000 after purchasing an additional 270 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC increased its position in shares of Wells Fargo & Company by 7.5% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 6,853 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 478 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $77.22 on Monday. The firm has a market cap of $257.11 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s fifty day moving average price is $72.74 and its two-hundred day moving average price is $63.46. Wells Fargo & Company has a one year low of $46.12 and a one year high of $78.13.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. The business had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. Wells Fargo & Company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. As a group, research analysts expect that Wells Fargo & Company will post 5.45 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 8th were given a dividend of $0.40 per share. The ex-dividend date was Friday, November 8th. This represents a $1.60 annualized dividend and a dividend yield of 2.07%. Wells Fargo & Company’s dividend payout ratio is 29.74%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WFC. Wolfe Research raised shares of Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Tuesday, October 8th. Evercore ISI lifted their price objective on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their target price on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday. Morgan Stanley lifted their price target on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Compass Point upped their price objective on Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.39.

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.