Wells Fargo & Company $WFC Shares Acquired by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC lifted its position in shares of Wells Fargo & Company (NYSE:WFC) by 0.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,928 shares of the financial services provider’s stock after buying an additional 503 shares during the period. Wells Fargo & Company makes up approximately 6.0% of Consilium Wealth Advisory LLC’s portfolio, making the stock its 5th largest position. Consilium Wealth Advisory LLC’s holdings in Wells Fargo & Company were worth $14,176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Wells Fargo & Company by 585.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider’s stock worth $27,000 after buying an additional 322 shares during the last quarter. Motco increased its holdings in Wells Fargo & Company by 397.6% in the 1st quarter. Motco now owns 408 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 326 shares during the last quarter. Accent Capital Management LLC acquired a new stake in Wells Fargo & Company in the 1st quarter valued at approximately $29,000. 1248 Management LLC acquired a new stake in Wells Fargo & Company in the 1st quarter valued at approximately $31,000. Finally, Stone House Investment Management LLC acquired a new stake in Wells Fargo & Company in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on WFC. Phillip Securities downgraded shares of Wells Fargo & Company from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, July 17th. Piper Sandler reiterated an “overweight” rating on shares of Wells Fargo & Company in a report on Tuesday, July 8th. Truist Financial lifted their target price on shares of Wells Fargo & Company from $86.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Evercore ISI lifted their target price on shares of Wells Fargo & Company from $94.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Wells Fargo & Company currently has a consensus rating of “Moderate Buy” and an average target price of $83.74.

Wells Fargo & Company Stock Performance

Shares of WFC stock opened at $80.63 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. Wells Fargo & Company has a 52 week low of $55.98 and a 52 week high of $86.65. The stock has a market capitalization of $258.28 billion, a PE ratio of 13.81, a P/E/G ratio of 1.24 and a beta of 1.25. The firm has a 50 day moving average of $80.77 and a two-hundred day moving average of $76.28.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.41 by $0.13. Wells Fargo & Company had a net margin of 16.82% and a return on equity of 12.29%. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter last year, the company posted $1.33 EPS. The firm’s revenue was up .6% compared to the same quarter last year. On average, research analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 8th were given a dividend of $0.45 per share. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. Wells Fargo & Company’s dividend payout ratio is presently 30.82%.

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.