Asset Management One Co. Ltd. Has $95.14 Million Stock Position in Wells Fargo & Company (NYSE:WFC)

Asset Management One Co. Ltd. lessened its stake in shares of Wells Fargo & Company (NYSE:WFC) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,337,873 shares of the financial services provider’s stock after selling 15,584 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Wells Fargo & Company were worth $95,136,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vontobel Holding Ltd. grew its stake in Wells Fargo & Company by 106.8% in the third quarter. Vontobel Holding Ltd. now owns 48,233 shares of the financial services provider’s stock valued at $2,725,000 after acquiring an additional 24,911 shares during the period. B.O.S.S. Retirement Advisors LLC bought a new position in shares of Wells Fargo & Company in the 3rd quarter worth $452,000. Alliance Wealth Advisors LLC grew its position in Wells Fargo & Company by 2.0% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 10,505 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 210 shares during the period. Hengehold Capital Management LLC acquired a new stake in Wells Fargo & Company in the 3rd quarter valued at $260,000. Finally, Mezzasalma Advisors LLC increased its stake in Wells Fargo & Company by 6.9% during the 3rd quarter. Mezzasalma Advisors LLC now owns 4,562 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 295 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WFC has been the topic of a number of recent research reports. Piper Sandler lifted their price objective on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. UBS Group raised their price target on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Barclays increased their price objective on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Truist Financial lifted their target price on Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Evercore ISI upped their price target on Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.39.

Wells Fargo & Company Stock Down 0.6 %

WFC opened at $78.76 on Friday. Wells Fargo & Company has a twelve month low of $47.96 and a twelve month high of $81.50. The company’s 50-day moving average price is $74.20 and its two-hundred day moving average price is $65.87. The stock has a market cap of $262.23 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.22 and a beta of 1.18. 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 posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating 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 the consensus estimate of $20.58 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. Wells Fargo & Company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The company 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 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) 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.