Wells Fargo & Company (NYSE:WFC) Shares Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC boosted its stake in Wells Fargo & Company (NYSE:WFC) by 15.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,171 shares of the financial services provider’s stock after acquiring an additional 25,365 shares during the period. Calamos Wealth Management LLC’s holdings in Wells Fargo & Company were worth $13,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Czech National Bank lifted its holdings in Wells Fargo & Company by 4.4% during the 3rd quarter. Czech National Bank now owns 693,384 shares of the financial services provider’s stock worth $39,169,000 after buying an additional 28,976 shares during the period. GAMMA Investing LLC raised its position in Wells Fargo & Company by 15.3% in the 3rd quarter. GAMMA Investing LLC now owns 37,479 shares of the financial services provider’s stock worth $2,117,000 after purchasing an additional 4,985 shares during the period. Diversified Trust Co increased its position in shares of Wells Fargo & Company by 10.4% during the third quarter. Diversified Trust Co now owns 24,335 shares of the financial services provider’s stock worth $1,375,000 after purchasing an additional 2,294 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in shares of Wells Fargo & Company by 4.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 21,185 shares of the financial services provider’s stock valued at $1,197,000 after buying an additional 824 shares in the last quarter. Finally, KWB Wealth acquired a new position in shares of Wells Fargo & Company in the 3rd quarter worth approximately $496,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WFC shares. Evercore ISI increased their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Compass Point lifted their price target on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Wolfe Research raised Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Tuesday, October 8th. Morgan Stanley upped their price target on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, UBS Group increased their price objective on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Trading Down 0.8 %

Shares of NYSE WFC opened at $78.14 on Tuesday. Wells Fargo & Company has a 52-week low of $47.45 and a 52-week high of $79.29. The stock has a market capitalization of $260.17 billion, a P/E ratio of 14.52, a PEG ratio of 1.19 and a beta of 1.18. The stock’s 50 day moving average price is $73.59 and its two-hundred day moving average price is $64.78. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $20.58 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. Wells Fargo & Company’s revenue was down .5% on a year-over-year basis. On average, analysts anticipate that Wells Fargo & Company will post 5.84 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

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 given a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 2.05%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 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.