Unison Asset Management LLC Has $7.44 Million Stock Position in Wells Fargo & Company (NYSE:WFC)

Unison Asset Management LLC increased its position in shares of Wells Fargo & Company (NYSE:WFC) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,925 shares of the financial services provider’s stock after purchasing an additional 2,684 shares during the period. Wells Fargo & Company comprises about 3.6% of Unison Asset Management LLC’s investment portfolio, making the stock its 13th largest position. Unison Asset Management LLC’s holdings in Wells Fargo & Company were worth $7,440,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of Wells Fargo & Company in the 3rd quarter valued at $29,000. Modus Advisors LLC bought a new stake in Wells Fargo & Company in the fourth quarter valued at about $30,000. Decker Retirement Planning Inc. acquired a new position in Wells Fargo & Company in the fourth quarter worth about $32,000. MidAtlantic Capital Management Inc. bought a new position in Wells Fargo & Company during the third quarter worth about $34,000. Finally, FSA Wealth Management LLC acquired a new stake in Wells Fargo & Company during the third quarter valued at approximately $34,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WFC has been the subject of several analyst reports. Piper Sandler raised their target price on Wells Fargo & Company from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Truist Financial boosted their target price on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group lifted 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. Keefe, Bruyette & Woods upped their price objective on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Finally, Evercore ISI lifted their target price on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Hold” and a consensus price target of $73.39.

Wells Fargo & Company Trading Down 0.8 %

NYSE:WFC opened at $80.76 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 business’s 50-day simple moving average is $73.80 and its 200-day simple moving average is $65.28. Wells Fargo & Company has a fifty-two week low of $47.47 and a fifty-two week high of $81.50. The stock has a market capitalization of $268.89 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.09. The firm had revenue of $20.38 billion for the quarter, compared to the consensus estimate of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Sell-side analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.98%. Wells Fargo & Company’s 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.