Nilsine Partners LLC Sells 265 Shares of Wells Fargo & Company (NYSE:WFC)

Nilsine Partners LLC reduced its stake in shares of Wells Fargo & Company (NYSE:WFC) by 3.5% during the fourth quarter, Holdings Channel reports. The firm owned 7,408 shares of the financial services provider’s stock after selling 265 shares during the quarter. Nilsine Partners LLC’s holdings in Wells Fargo & Company were worth $520,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Income Research & Management purchased a new position in shares of Wells Fargo & Company during the third quarter valued at about $211,000. Mattson Financial Services LLC purchased a new position in shares of Wells Fargo & Company during the 2nd quarter worth approximately $25,000. Modus Advisors LLC bought a new position in shares of Wells Fargo & Company in the 4th quarter worth approximately $30,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $26,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Wells Fargo & Company during the fourth quarter valued at approximately $32,000. 75.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on WFC shares. The Goldman Sachs Group raised their price objective on Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Keefe, Bruyette & Woods raised their target price on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Compass Point boosted their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Morgan Stanley raised their price objective on Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Phillip Securities raised Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and boosted their target price for the stock from $60.83 to $65.00 in a report on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Wells Fargo & Company has an average rating of “Hold” and an average price target of $73.39.

Wells Fargo & Company Trading Up 0.1 %

NYSE:WFC opened at $77.99 on Wednesday. The company has a 50 day simple moving average of $73.26 and a two-hundred day simple moving average of $64.23. The company has a market cap of $259.66 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 12 month low of $47.45 and a 12 month high of $78.30.

Wells Fargo & Company (NYSE:WFC) last posted 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. The company had revenue of $20.38 billion during the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. Wells Fargo & Company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. Research analysts forecast that Wells Fargo & Company will post 5.84 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.05%. Wells Fargo & Company’s payout ratio is 29.74%.

Wells Fargo & Company 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.