Wells Fargo & Company (NYSE:WFC) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC increased its stake in shares of Wells Fargo & Company (NYSE:WFC) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,854 shares of the financial services provider’s stock after purchasing an additional 299 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Wells Fargo & Company were worth $271,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Modus Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth $30,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth $30,000. Decker Retirement Planning Inc. acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth $35,000. Finally, BankPlus Trust Department acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth $35,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Performance

Shares of NYSE:WFC opened at $76.61 on Friday. Wells Fargo & Company has a one year low of $50.15 and a one year high of $81.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market cap of $255.06 billion, a P/E ratio of 14.24, a PEG ratio of 1.18 and a beta of 1.18. The business’s 50-day simple moving average is $75.71 and its 200 day simple moving average is $67.57.

Wells Fargo & Company (NYSE:WFC) last released 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. 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 during the quarter, compared to analyst estimates of $20.58 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.74%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WFC. Piper Sandler increased their price target on Wells Fargo & Company from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group increased their price objective 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. UBS Group increased their price objective 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. Truist Financial increased their price objective on Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley increased their price objective on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.39.

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.