NBW Capital LLC Sells 382 Shares of Wells Fargo & Company (NYSE:WFC)

NBW Capital LLC trimmed its position in shares of Wells Fargo & Company (NYSE:WFC) by 0.3% during the 4th quarter, HoldingsChannel reports. The fund owned 109,009 shares of the financial services provider’s stock after selling 382 shares during the quarter. NBW Capital LLC’s holdings in Wells Fargo & Company were worth $5,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WFC. Fortis Group Advisors LLC bought a new position in Wells Fargo & Company during the third quarter valued at about $25,000. Arlington Trust Co LLC acquired a new position in shares of Wells Fargo & Company in the 4th quarter worth approximately $25,000. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Wells Fargo & Company by 208.0% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 356,620 shares in the last quarter. Studio Investment Management LLC acquired a new position in shares of Wells Fargo & Company in the 4th quarter worth approximately $28,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Wells Fargo & Company in the 1st quarter worth approximately $28,000. 75.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $51.00 target price on shares of Wells Fargo & Company in a report on Tuesday, January 9th. HSBC boosted their target price on Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Jefferies Financial Group upped their price objective on Wells Fargo & Company from $52.00 to $60.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Raymond James upped their price objective on Wells Fargo & Company from $55.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 16th. Finally, The Goldman Sachs Group upped their price objective on Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Thirteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.85.

Wells Fargo & Company Trading Up 2.6 %

Shares of WFC traded up $1.50 during trading hours on Thursday, reaching $58.68. The stock had a trading volume of 14,384,685 shares, compared to its average volume of 18,628,781. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 1.14. Wells Fargo & Company has a 52 week low of $36.40 and a 52 week high of $59.13. The firm has a 50-day moving average of $55.42 and a 200 day moving average of $48.61. The company has a market cap of $207.75 billion, a P/E ratio of 12.29, a P/E/G ratio of 1.10 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. The business had revenue of $20.86 billion during the quarter, compared to analysts’ expectations of $20.19 billion. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. On average, sell-side analysts expect that Wells Fargo & Company will post 5.04 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 2nd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, February 1st. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.23%.

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.