Wells Fargo & Company (NYSE:WFC) Shares Sold by Mine & Arao Wealth Creation & Management LLC.

Mine & Arao Wealth Creation & Management LLC. trimmed its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,178 shares of the financial services provider’s stock after selling 216 shares during the quarter. Wells Fargo & Company accounts for about 1.0% of Mine & Arao Wealth Creation & Management LLC.’s investment portfolio, making the stock its 16th biggest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in Wells Fargo & Company were worth $2,260,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Advisory Alpha LLC increased its holdings in Wells Fargo & Company by 5.2% in the second quarter. Advisory Alpha LLC now owns 5,490 shares of the financial services provider’s stock valued at $326,000 after buying an additional 270 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Wells Fargo & Company in the 2nd quarter worth approximately $26,000. Heritage Wealth Management Inc. bought a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $223,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Wells Fargo & Company by 39.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,339,800 shares of the financial services provider’s stock worth $138,961,000 after purchasing an additional 660,800 shares during the last quarter. Finally, Alternative Investment Advisors LLC. acquired a new position in Wells Fargo & Company in the second quarter worth $276,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WFC shares. Wolfe Research raised shares of Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Tuesday, October 8th. UBS Group raised their target price on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Citigroup upped their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Compass Point raised their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Evercore ISI upped their price objective on Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Wells Fargo & Company presently has an average rating of “Hold” and an average target price of $73.39.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $78.89 on Friday. The stock has a market cap of $262.67 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.18 and a beta of 1.18. 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 $79.24. The stock’s 50 day moving average price is $73.45 and its 200 day moving average price is $64.48.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping 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 company had revenue of $20.38 billion for the quarter, compared to the consensus estimate of $20.58 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that Wells Fargo & Company will post 5.84 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. Shareholders of record on Tuesday, January 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s payout ratio is 29.74%.

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.