Brueske Advisory Services LLC Acquires New Holdings in Wells Fargo & Company (NYSE:WFC)

Brueske Advisory Services LLC acquired a new stake in Wells Fargo & Company (NYSE:WFC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,280 shares of the financial services provider’s stock, valued at approximately $511,000.

A number of other large investors have also added to or reduced their stakes in WFC. Crown Wealth Group LLC increased its stake in shares of Wells Fargo & Company by 2.2% in the 4th quarter. Crown Wealth Group LLC now owns 6,648 shares of the financial services provider’s stock valued at $467,000 after acquiring an additional 140 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of Wells Fargo & Company by 10,684.3% in the 4th quarter. Proficio Capital Partners LLC now owns 692,247 shares of the financial services provider’s stock valued at $48,623,000 after acquiring an additional 685,828 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Wells Fargo & Company by 14.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 44,007 shares of the financial services provider’s stock valued at $3,091,000 after acquiring an additional 5,717 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Wells Fargo & Company by 5.2% in the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 14,299 shares of the financial services provider’s stock valued at $1,004,000 after acquiring an additional 709 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Wells Fargo & Company by 2.1% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 1,434,500 shares of the financial services provider’s stock valued at $100,759,000 after acquiring an additional 29,700 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

WFC has been the subject of several research reports. Truist Financial lifted their price target on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Barclays lifted their price target on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. UBS Group lifted 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. Keefe, Bruyette & Woods lifted their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Finally, 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 report on Tuesday, December 10th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Wells Fargo & Company currently has an average rating of “Hold” and a consensus price target of $73.39.

Wells Fargo & Company Trading Up 0.5 %

WFC opened at $76.39 on Thursday. The firm has a market cap of $254.34 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.18 and a beta of 1.18. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 12 month low of $50.15 and a 12 month high of $81.50. The stock has a fifty day moving average price of $75.55 and a 200-day moving average price of $67.51.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $20.58 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The company’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

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 paid 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 2.09%. Wells Fargo & Company’s payout ratio is 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.