Exane Asset Management Makes New $97,000 Investment in Wells Fargo & Company (NYSE:WFC)

Exane Asset Management bought a new stake in Wells Fargo & Company (NYSE:WFC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,332 shares of the financial services provider’s stock, valued at approximately $97,000. Wells Fargo & Company makes up approximately 0.1% of Exane Asset Management’s investment portfolio, making the stock its 24th largest holding.

Several other large investors have also made changes to their positions in WFC. Truvestments Capital LLC bought a new stake in Wells Fargo & Company during the third quarter worth about $29,000. Modus Advisors LLC acquired a new position in shares of Wells Fargo & Company in the 4th quarter worth approximately $30,000. Decker Retirement Planning Inc. bought a new stake in Wells Fargo & Company during the 4th quarter worth approximately $32,000. MidAtlantic Capital Management Inc. acquired a new stake in Wells Fargo & Company during the 3rd quarter valued at $34,000. Finally, FSA Wealth Management LLC bought a new position in Wells Fargo & Company in the 3rd quarter valued at $34,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Down 0.8 %

WFC opened at $80.76 on Friday. The firm’s fifty day moving average is $73.80 and its two-hundred day moving average is $65.28. The firm has a market cap of $268.89 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18. Wells Fargo & Company has a twelve month low of $47.47 and a twelve month high of $81.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that Wells Fargo & Company will post 5.84 EPS for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. Wells Fargo & Company’s payout ratio is 29.74%.

Wall Street Analyst Weigh In

Several analysts have recently commented on WFC shares. The Goldman Sachs Group increased their target price on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group raised their price objective on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Piper Sandler upped their target price on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Evercore ISI raised their price target on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Compass Point upped their price objective on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Profile

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.