NWF Advisory Services Inc. Has $2.67 Million Stock Holdings in Wells Fargo & Company $WFC

NWF Advisory Services Inc. trimmed its stake in Wells Fargo & Company (NYSE:WFC) by 21.3% in the fourth quarter, Holdings Channel reports. The firm owned 28,645 shares of the financial services provider’s stock after selling 7,747 shares during the quarter. NWF Advisory Services Inc.’s holdings in Wells Fargo & Company were worth $2,670,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WFC. Godfrey Financial Associates Inc. bought a new stake in shares of Wells Fargo & Company during the 4th quarter worth approximately $25,000. Miller Capital Partners Inc. bought a new position in shares of Wells Fargo & Company in the fourth quarter valued at $25,000. Navalign LLC bought a new position in shares of Wells Fargo & Company in the fourth quarter valued at $26,000. Redmont Wealth Advisors LLC acquired a new position in Wells Fargo & Company during the third quarter worth $27,000. Finally, Joseph Group Capital Management acquired a new position in Wells Fargo & Company during the fourth quarter worth $28,000. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Trading Up 0.1%

WFC stock opened at $82.31 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90. The company has a fifty day moving average price of $79.70 and a two-hundred day moving average price of $84.59. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76. The stock has a market cap of $251.89 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.02. The company had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. Equities analysts anticipate that Wells Fargo & Company will post 6.86 EPS for the current year.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. Wells Fargo & Company’s dividend payout ratio is 27.78%.

Analyst Upgrades and Downgrades

A number of analysts have commented on WFC shares. KGI Securities cut shares of Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Phillip Securities upgraded shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Evercore reaffirmed an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. JPMorgan Chase & Co. cut their target price on shares of Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group reduced their price target on Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.24.

Wells Fargo & Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.