Wells Fargo & Company (NYSE:WFC) Shares Sold by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. lowered its holdings in Wells Fargo & Company (NYSE:WFC) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,243 shares of the financial services provider’s stock after selling 301 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Wells Fargo & Company were worth $650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WFC. Fisher Asset Management LLC lifted its position in shares of Wells Fargo & Company by 13.8% during the 3rd quarter. Fisher Asset Management LLC now owns 24,833 shares of the financial services provider’s stock valued at $1,403,000 after acquiring an additional 3,016 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Wells Fargo & Company during the third quarter worth $256,000. CreativeOne Wealth LLC lifted its holdings in shares of Wells Fargo & Company by 51.7% during the third quarter. CreativeOne Wealth LLC now owns 9,637 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 3,285 shares during the last quarter. Financial Counselors Inc. increased its stake in Wells Fargo & Company by 2.0% in the 3rd quarter. Financial Counselors Inc. now owns 19,010 shares of the financial services provider’s stock worth $1,074,000 after purchasing an additional 373 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in Wells Fargo & Company by 75.5% in the 3rd quarter. Martingale Asset Management L P now owns 7,599 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 3,269 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Trading Down 2.2 %

Shares of NYSE:WFC opened at $70.71 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $230.87 billion, a PE ratio of 13.14, a P/E/G ratio of 1.18 and a beta of 1.16. Wells Fargo & Company has a 1 year low of $50.15 and a 1 year high of $81.50. The firm has a fifty day moving average price of $75.84 and a 200 day moving average price of $70.03.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data 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. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The business had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Analysts expect that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company’s payout ratio is 29.74%.

Analyst Ratings Changes

Several research analysts have commented on WFC shares. Keefe, Bruyette & Woods raised their target price on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Compass Point raised their price objective on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their target price on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Morgan Stanley raised their target price on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, UBS Group upped their price target on Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.97.

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.