Northwest Capital Management Inc Has $140,000 Stake in Wells Fargo & Company $WFC

Northwest Capital Management Inc lowered its stake in shares of Wells Fargo & Company (NYSE:WFC) by 8.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,753 shares of the financial services provider’s stock after selling 155 shares during the period. Northwest Capital Management Inc’s holdings in Wells Fargo & Company were worth $140,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WFC. CBIZ Investment Advisory Services LLC boosted its stake in shares of Wells Fargo & Company by 585.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider’s stock valued at $27,000 after buying an additional 322 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at $27,000. Motco boosted its stake in shares of Wells Fargo & Company by 397.6% during the 1st quarter. Motco now owns 408 shares of the financial services provider’s stock valued at $29,000 after buying an additional 326 shares during the period. Accent Capital Management LLC acquired a new stake in shares of Wells Fargo & Company during the 1st quarter valued at $29,000. Finally, 1248 Management LLC acquired a new stake in shares of Wells Fargo & Company during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

WFC has been the subject of a number of research reports. Evercore ISI lifted their target price on shares of Wells Fargo & Company from $94.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Piper Sandler reaffirmed an “overweight” rating on shares of Wells Fargo & Company in a research note on Tuesday, July 8th. Phillip Securities lowered shares of Wells Fargo & Company from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, July 17th. The Goldman Sachs Group reduced their price objective on shares of Wells Fargo & Company from $92.00 to $91.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. Finally, Wall Street Zen raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.41.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $78.92 on Tuesday. The company has a market capitalization of $252.80 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25. Wells Fargo & Company has a one year low of $58.42 and a one year high of $86.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.84 and a quick ratio of 0.83. The company’s fifty day moving average price is $80.66 and its 200 day moving average price is $76.61.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.41 by $0.13. The firm had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.83 billion. Wells Fargo & Company had a net margin of 16.82% and a return on equity of 12.29%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. As a group, analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 8th were issued a $0.45 dividend. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 8th. This represents a $1.80 annualized dividend and a yield of 2.3%. Wells Fargo & Company’s payout ratio is 30.82%.

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.