Wells Fargo & Company (NYSE:WFC) is Consilium Wealth Advisory LLC’s 4th Largest Position

Consilium Wealth Advisory LLC boosted its position in shares of Wells Fargo & Company (NYSE:WFC) by 9.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,018 shares of the financial services provider’s stock after acquiring an additional 14,740 shares during the quarter. Wells Fargo & Company accounts for approximately 5.7% of Consilium Wealth Advisory LLC’s investment portfolio, making the stock its 4th biggest position. Consilium Wealth Advisory LLC’s holdings in Wells Fargo & Company were worth $12,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Modus Advisors LLC acquired a new stake in Wells Fargo & Company in the 4th quarter valued at about $30,000. McClarren Financial Advisors Inc. acquired a new stake in Wells Fargo & Company in the 4th quarter valued at about $30,000. Decker Retirement Planning Inc. acquired a new stake in Wells Fargo & Company in the 4th quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Wells Fargo & Company in the 4th quarter valued at about $35,000. Finally, BankPlus Trust Department acquired a new stake in Wells Fargo & Company in the 4th quarter valued at about $35,000. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WFC has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their target price on Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Barclays raised their target price on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Compass Point raised their target price on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group raised their target price on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, UBS Group raised their target price on Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $73.39.

Wells Fargo & Company Trading Up 0.5 %

Shares of WFC stock opened at $76.39 on Thursday. 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 twelve month low of $50.15 and a twelve month high of $81.50. The company has a market capitalization of $254.34 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. The business’s 50 day moving average is $75.55 and its two-hundred day moving average is $67.51.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data 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. The firm had revenue of $20.38 billion during the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. Wells Fargo & Company’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. Equities analysts forecast that Wells Fargo & Company will post 5.89 EPS 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 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 dividend 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.