Wells Fargo & Company (NYSE:WFC) Shares Bought by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC grew its holdings in Wells Fargo & Company (NYSE:WFC) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,853 shares of the financial services provider’s stock after acquiring an additional 478 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Wells Fargo & Company were worth $481,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Wealthcare Advisory Partners LLC grew its position in Wells Fargo & Company by 2.6% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 12,159 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 311 shares during the last quarter. Procyon Advisors LLC increased its position in shares of Wells Fargo & Company by 7.3% in the 4th quarter. Procyon Advisors LLC now owns 6,639 shares of the financial services provider’s stock valued at $466,000 after acquiring an additional 454 shares during the period. Tompkins Financial Corp grew its stake in Wells Fargo & Company by 29.1% during the 4th quarter. Tompkins Financial Corp now owns 4,933 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 1,113 shares during the last quarter. RDA Financial Network raised its stake in shares of Wells Fargo & Company by 1,314.5% in the fourth quarter. RDA Financial Network now owns 3,706 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 3,444 shares during the last quarter. Finally, Goldstone Financial Group LLC acquired a new position in Wells Fargo & Company in the 4th quarter worth approximately $226,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analyst Ratings Changes

WFC has been the topic of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $61.00 price objective on shares of Wells Fargo & Company in a research note on Monday, October 14th. Citigroup raised their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Piper Sandler raised their price objective on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group raised their price target on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Truist Financial upped their price target on Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Wells Fargo & Company has a consensus rating of “Hold” and an average target price of $72.17.

Wells Fargo & Company Price Performance

WFC traded down $0.01 on Friday, reaching $75.95. 2,904,518 shares of the company’s stock were exchanged, compared to its average volume of 15,347,960. The stock has a market cap of $252.86 billion, a PE ratio of 15.77, a P/E/G ratio of 1.39 and a beta of 1.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.85 and a quick ratio of 0.85. Wells Fargo & Company has a twelve month low of $46.12 and a twelve month high of $78.13. The stock’s fifty day moving average price is $72.47 and its 200-day moving average price is $63.24.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The firm had revenue of $20.38 billion for the quarter, compared to the consensus estimate of $20.58 billion. During the same quarter last year, the business posted $0.86 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Sell-side analysts expect that Wells Fargo & Company will post 5.45 EPS for the current year.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 8th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.60 annualized dividend and a dividend yield of 2.11%. Wells Fargo & Company’s dividend payout ratio (DPR) is 33.26%.

About Wells Fargo & Company

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.