Wells Fargo & Company (NYSE:WFC) Shares Acquired by Mather Group LLC.

Mather Group LLC. increased its stake in shares of Wells Fargo & Company (NYSE:WFC) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,744 shares of the financial services provider’s stock after purchasing an additional 610 shares during the period. Mather Group LLC.’s holdings in Wells Fargo & Company were worth $1,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of Wells Fargo & Company by 4.4% during the third quarter. Czech National Bank now owns 693,384 shares of the financial services provider’s stock valued at $39,169,000 after acquiring an additional 28,976 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Wells Fargo & Company by 10.4% during the 3rd 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 during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Wells Fargo & Company by 4.0% during the third quarter. Miracle Mile Advisors LLC now owns 21,185 shares of the financial services provider’s stock worth $1,197,000 after buying an additional 824 shares in the last quarter. City Center Advisors LLC acquired a new position in shares of Wells Fargo & Company in the third quarter valued at approximately $273,000. Finally, Pacifica Partners Inc. lifted its stake in shares of Wells Fargo & Company by 0.9% during the third quarter. Pacifica Partners Inc. now owns 30,233 shares of the financial services provider’s stock valued at $1,708,000 after buying an additional 270 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WFC. Keefe, Bruyette & Woods boosted their price target on Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. The Goldman Sachs Group raised their price target on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Compass Point upped their price objective 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 shares of Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Tuesday, October 8th. Finally, Citigroup boosted their target price on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Stock Performance

Shares of NYSE:WFC opened at $79.56 on Wednesday. The business’s 50-day simple moving average is $73.61 and its 200 day simple moving average is $64.92. The company has a market cap of $264.88 billion, a P/E ratio of 14.79, a PEG ratio of 1.19 and a beta of 1.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. Wells Fargo & Company has a one year low of $47.45 and a one year high of $79.85.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. The company had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. On average, sell-side analysts forecast that Wells Fargo & Company will post 5.84 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.01%. Wells Fargo & Company’s payout ratio is currently 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.