Hilltop Holdings Inc. Has $862,000 Stock Holdings in Wells Fargo & Company $WFC

Hilltop Holdings Inc. trimmed its position in Wells Fargo & Company (NYSE:WFC) by 49.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,826 shares of the financial services provider’s stock after selling 10,435 shares during the period. Hilltop Holdings Inc.’s holdings in Wells Fargo & Company were worth $862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new stake in Wells Fargo & Company in the fourth quarter valued at approximately $25,000. Miller Capital Partners Inc. acquired a new position in shares of Wells Fargo & Company during the fourth quarter worth approximately $25,000. Navalign LLC bought a new position in shares of Wells Fargo & Company in the 4th quarter worth $26,000. Joseph Group Capital Management bought a new position in shares of Wells Fargo & Company in the 4th quarter worth $28,000. Finally, Phillip James Consulting Co. acquired a new stake in Wells Fargo & Company in the 1st quarter valued at $28,000. Institutional investors own 75.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group decreased their price target on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Bank of America lifted their price objective on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, April 1st. Truist Financial upped their target price on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Finally, Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.50.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $86.39 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $82.72 and its two-hundred day simple moving average is $83.41. Wells Fargo & Company has a 1-year low of $72.78 and a 1-year high of $97.76. The stock has a market cap of $264.37 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were issued a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio is currently 26.16%.

Wells Fargo & Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.