Wells Fargo & Company (NYSE:WFC) Shares Sold by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. lessened its holdings in Wells Fargo & Company (NYSE:WFC) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,110 shares of the financial services provider’s stock after selling 1,773 shares during the period. Integral Investment Advisors Inc.’s holdings in Wells Fargo & Company were worth $570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WFC. Wealthspire Advisors LLC increased its stake in Wells Fargo & Company by 11.9% during the 4th quarter. Wealthspire Advisors LLC now owns 23,611 shares of the financial services provider’s stock worth $1,658,000 after buying an additional 2,507 shares in the last quarter. Tradewinds Capital Management LLC grew its position in shares of Wells Fargo & Company by 82.4% in the fourth quarter. Tradewinds Capital Management LLC now owns 7,732 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 3,494 shares in the last quarter. Callan Capital LLC grew its position in shares of Wells Fargo & Company by 6.2% in the fourth quarter. Callan Capital LLC now owns 6,397 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 373 shares in the last quarter. Winebrenner Capital Management LLC purchased a new stake in shares of Wells Fargo & Company in the fourth quarter valued at approximately $1,585,000. Finally, Prentice Wealth Management LLC grew its position in shares of Wells Fargo & Company by 4.7% in the fourth quarter. Prentice Wealth Management LLC now owns 9,426 shares of the financial services provider’s stock valued at $662,000 after purchasing an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WFC shares. Morgan Stanley upped their price target on Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. UBS Group upped their price objective on Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a report on Monday, December 9th. Piper Sandler upped their price objective on Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. 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 report on Tuesday, December 10th. Finally, The Goldman Sachs Group upped their price objective on Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a report on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $73.39.

Wells Fargo & Company Stock Down 1.5 %

Shares of NYSE WFC opened at $77.43 on Friday. The stock has a market cap of $257.81 billion, a P/E ratio of 14.39, a PEG ratio of 1.18 and a beta of 1.18. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 12-month low of $50.15 and a 12-month high of $81.50. The business’s fifty day simple moving average is $75.20 and its 200-day simple moving average is $67.01.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.09. The business had revenue of $20.38 billion for the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.86 earnings per share. As a group, equities analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.07%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 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.