Cherry Tree Wealth Management LLC Has $174,000 Stock Position in Wells Fargo & Company (NYSE:WFC)

Cherry Tree Wealth Management LLC increased its position in Wells Fargo & Company (NYSE:WFC) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,539 shares of the financial services provider’s stock after buying an additional 431 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Wells Fargo & Company were worth $174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WFC. Northern Trust Corp increased its holdings in shares of Wells Fargo & Company by 0.3% during the third quarter. Northern Trust Corp now owns 38,197,624 shares of the financial services provider’s stock valued at $1,560,755,000 after acquiring an additional 129,300 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Wells Fargo & Company by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,237,905 shares of the financial services provider’s stock valued at $1,143,770,000 after buying an additional 526,178 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of Wells Fargo & Company by 1.9% in the 3rd quarter. Pzena Investment Management LLC now owns 18,269,318 shares of the financial services provider’s stock worth $746,484,000 after acquiring an additional 335,560 shares during the last quarter. LSV Asset Management boosted its stake in Wells Fargo & Company by 40.4% during the 4th quarter. LSV Asset Management now owns 9,308,450 shares of the financial services provider’s stock valued at $458,162,000 after purchasing an additional 2,677,050 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Wells Fargo & Company by 2.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 7,749,883 shares of the financial services provider’s stock worth $316,660,000 after purchasing an additional 221,459 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Up 1.6 %

WFC traded up $0.97 during trading on Wednesday, hitting $61.23. 18,626,876 shares of the company’s stock traded hands, compared to its average volume of 18,897,705. The stock has a market capitalization of $213.47 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.16 and a beta of 1.18. The company’s 50 day simple moving average is $57.86 and its two-hundred day simple moving average is $50.62. Wells Fargo & Company has a 12-month low of $37.18 and a 12-month high of $61.76. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 1.14.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.10. The firm had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. Analysts predict that Wells Fargo & Company will post 5.08 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Friday, May 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.29%. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WFC shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $62.00 price target (up from $56.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 27th. Morgan Stanley upped their price objective on shares of Wells Fargo & Company from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $51.00 price objective on shares of Wells Fargo & Company in a research note on Tuesday, January 9th. StockNews.com raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Finally, Evercore ISI upped their price objective on Wells Fargo & Company from $58.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Fourteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.99.

Wells Fargo & Company Profile

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.