Helium Advisors LLC Acquires Shares of 5,230 Wells Fargo & Company (NYSE:WFC)

Helium Advisors LLC acquired a new stake in shares of Wells Fargo & Company (NYSE:WFC) during the fourth quarter, Holdings Channel reports. The fund acquired 5,230 shares of the financial services provider’s stock, valued at approximately $367,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Ironwood Wealth Management LLC. bought a new position in shares of Wells Fargo & Company in the 4th quarter worth about $221,000. Beaumont Financial Advisors LLC bought a new position in shares of Wells Fargo & Company in the 4th quarter worth about $208,000. Simon Quick Advisors LLC lifted its position in shares of Wells Fargo & Company by 18.4% in the 4th quarter. Simon Quick Advisors LLC now owns 13,765 shares of the financial services provider’s stock worth $967,000 after buying an additional 2,138 shares during the last quarter. Advisory Alpha LLC lifted its position in shares of Wells Fargo & Company by 6.9% in the 4th quarter. Advisory Alpha LLC now owns 6,273 shares of the financial services provider’s stock worth $441,000 after buying an additional 405 shares during the last quarter. Finally, Mutual Advisors LLC lifted its position in shares of Wells Fargo & Company by 27.5% in the 4th quarter. Mutual Advisors LLC now owns 24,198 shares of the financial services provider’s stock worth $1,838,000 after buying an additional 5,217 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WFC. Morgan Stanley increased their price objective on shares of Wells Fargo & Company from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, April 7th. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, April 14th. TD Cowen began coverage on shares of Wells Fargo & Company in a report on Thursday, May 15th. They issued a “hold” rating and a $83.00 price objective on the stock. Barclays dropped their price objective on shares of Wells Fargo & Company from $92.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Citigroup dropped their price objective on shares of Wells Fargo & Company from $82.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus target price of $75.73.

Wells Fargo & Company Stock Up 0.2%

NYSE WFC opened at $73.32 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. The company’s 50 day simple moving average is $69.97 and its 200 day simple moving average is $72.76. Wells Fargo & Company has a 12 month low of $50.15 and a 12 month high of $81.50. The company has a market capitalization of $238.60 billion, a P/E ratio of 13.63, a PEG ratio of 1.18 and a beta of 1.13.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Friday, April 11th. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business had revenue of $20.15 billion for the quarter, compared to the consensus estimate of $20.82 billion. During the same period in the previous year, the firm earned $1.20 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities research analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company announced that its Board of Directors has approved a share repurchase plan on Tuesday, April 29th that authorizes the company to buyback $40.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 17.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Friday, May 9th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.73%.

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.