Wells Fargo & Company (NYSE:WFC) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC increased its position in Wells Fargo & Company (NYSE:WFC) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,335 shares of the financial services provider’s stock after acquiring an additional 6,668 shares during the period. Metis Global Partners LLC’s holdings in Wells Fargo & Company were worth $12,105,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WFC. SteelPeak Wealth LLC increased its holdings in shares of Wells Fargo & Company by 4.4% in the 3rd quarter. SteelPeak Wealth LLC now owns 7,323 shares of the financial services provider’s stock worth $414,000 after acquiring an additional 311 shares during the period. Focus Financial Network Inc. increased its stake in Wells Fargo & Company by 1.3% during the 3rd quarter. Focus Financial Network Inc. now owns 59,812 shares of the financial services provider’s stock valued at $3,379,000 after buying an additional 757 shares during the period. Lebenthal Global Advisors LLC increased its stake in Wells Fargo & Company by 1.6% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 14,676 shares of the financial services provider’s stock valued at $829,000 after buying an additional 228 shares during the period. Interchange Capital Partners LLC increased its stake in Wells Fargo & Company by 3.3% during the 3rd quarter. Interchange Capital Partners LLC now owns 8,215 shares of the financial services provider’s stock valued at $464,000 after buying an additional 265 shares during the period. Finally, Gladstone Institutional Advisory LLC increased its stake in Wells Fargo & Company by 259.6% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 34,403 shares of the financial services provider’s stock valued at $1,943,000 after buying an additional 24,835 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

WFC has been the topic of several research analyst reports. Morgan Stanley raised their target price on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Compass Point raised their target price on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Barclays raised their target price on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group raised their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, 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. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Price Performance

NYSE WFC opened at $78.35 on Friday. The company has a 50 day simple moving average of $75.87 and a 200-day simple moving average of $67.75. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market capitalization of $260.87 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. Wells Fargo & Company has a 52-week low of $50.15 and a 52-week high of $81.50.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. The business had revenue of $20.38 billion during the quarter, compared to analyst estimates of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. Equities research analysts predict that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) 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.