Wells Fargo & Company (NYSE:WFC) Shares Sold by Aspiriant LLC

by · The Cerbat Gem

Aspiriant LLC reduced its position in shares of Wells Fargo & Company (NYSE:WFC) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,347 shares of the financial services provider’s stock after selling 809 shares during the period. Aspiriant LLC’s holdings in Wells Fargo & Company were worth $1,297,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WFC. Fortis Group Advisors LLC acquired a new position in shares of Wells Fargo & Company during the third quarter worth $25,000. Arlington Trust Co LLC acquired a new position in shares of Wells Fargo & Company during the fourth quarter worth $25,000. Leith Wheeler Investment Counsel Ltd. lifted its position in shares of Wells Fargo & Company by 208.0% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 356,620 shares in the last quarter. Studio Investment Management LLC acquired a new position in shares of Wells Fargo & Company during the fourth quarter worth $28,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Wells Fargo & Company during the first quarter worth $28,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $51.00 price target on shares of Wells Fargo & Company in a report on Tuesday, January 9th. HSBC upped their price target on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Raymond James upped their price target on shares of Wells Fargo & Company from $55.00 to $58.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 16th. Oppenheimer reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a report on Tuesday, March 19th. Finally, Morgan Stanley increased their target price on shares of Wells Fargo & Company from $54.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $58.37.

Check Out Our Latest Stock Report on WFC

Wells Fargo & Company Stock Down 1.1 %

Wells Fargo & Company stock opened at $56.94 on Thursday. The company has a 50-day simple moving average of $54.61 and a 200-day simple moving average of $48.06. The firm has a market capitalization of $201.59 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.20 and a beta of 1.19. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.88 and a current ratio of 0.88. Wells Fargo & Company has a one year low of $36.40 and a one year high of $58.44.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $0.86 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.30). The firm had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $20.30 billion. Wells Fargo & Company had a return on equity of 12.40% and a net margin of 16.60%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 EPS. As a group, equities analysts expect that Wells Fargo & Company will post 4.73 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 2nd were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.40 dividend on an annualized basis and a yield of 2.46%. Wells Fargo & Company’s dividend payout ratio is presently 29.05%.

Wells Fargo & Company Profile

(Free Report)

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.

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