Wells Fargo & Company (NYSE:WFC) Stock Position Trimmed by Ullmann Wealth Partners Group LLC

Ullmann Wealth Partners Group LLC decreased its position in Wells Fargo & Company (NYSE:WFC) by 27.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,414 shares of the financial services provider’s stock after selling 2,000 shares during the period. Ullmann Wealth Partners Group LLC’s holdings in Wells Fargo & Company were worth $380,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WFC. WINTON GROUP Ltd bought a new stake in Wells Fargo & Company during the 2nd quarter valued at $225,000. Edgestream Partners L.P. bought a new stake in shares of Wells Fargo & Company during the second quarter valued at about $272,000. Mercer Global Advisors Inc. ADV lifted its holdings in Wells Fargo & Company by 16.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 607,195 shares of the financial services provider’s stock worth $34,546,000 after purchasing an additional 86,777 shares during the period. WCG Wealth Advisors LLC grew its position in Wells Fargo & Company by 9.9% in the 2nd quarter. WCG Wealth Advisors LLC now owns 46,982 shares of the financial services provider’s stock valued at $2,790,000 after buying an additional 4,239 shares in the last quarter. Finally, MQS Management LLC increased its stake in Wells Fargo & Company by 61.1% during the 2nd quarter. MQS Management LLC now owns 9,990 shares of the financial services provider’s stock valued at $593,000 after buying an additional 3,790 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Trading Down 0.0 %

Shares of NYSE WFC opened at $75.94 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a one year low of $46.12 and a one year high of $78.13. The business has a 50-day moving average price of $72.47 and a two-hundred day moving average price of $63.24. The firm has a market capitalization of $252.85 billion, a PE ratio of 15.79, a PEG ratio of 1.39 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.34 by $0.09. The business had revenue of $20.38 billion during the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a net margin of 14.43% and a return on equity of 12.25%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. As a group, analysts predict that Wells Fargo & Company will post 5.45 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, November 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 33.26%.

Analyst Ratings Changes

WFC has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup lifted their price target on Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Phillip Securities upgraded Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and upped their price objective for the company from $60.83 to $65.00 in a report on Tuesday, October 15th. Compass Point lifted their target price on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group upped their price target on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a report on Friday, December 6th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $72.17.

About Wells Fargo & Company

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.