Wells Fargo & Company (NYSE:WFC) Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. lowered its stake in Wells Fargo & Company (NYSE:WFC) by 19.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 169,188 shares of the financial services provider’s stock after selling 39,598 shares during the quarter. Wells Fargo & Company accounts for about 1.1% of BTC Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. BTC Capital Management Inc.’s holdings in Wells Fargo & Company were worth $11,870,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Mattson Financial Services LLC acquired a new stake in Wells Fargo & Company during the 2nd quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Wells Fargo & Company during the 2nd quarter worth $26,000. Truvestments Capital LLC purchased a new position in shares of Wells Fargo & Company during the 3rd quarter worth $29,000. Modus Advisors LLC purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth $30,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth $32,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WFC. Wolfe Research upgraded Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price target on 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 lifted their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Citigroup lifted their price target on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group boosted their price objective 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. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.39.

Wells Fargo & Company Stock Up 0.7 %

Shares of NYSE:WFC opened at $78.89 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market capitalization of $262.67 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. The firm’s 50-day moving average is $73.53 and its two-hundred day moving average is $64.58. Wells Fargo & Company has a 1 year low of $47.45 and a 1 year high of $79.24.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $20.58 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Analysts predict that Wells Fargo & Company will post 5.84 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio is presently 29.74%.

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.