SeaCrest Wealth Management LLC Boosts Holdings in Wells Fargo & Company (NYSE:WFC)

SeaCrest Wealth Management LLC grew its position in Wells Fargo & Company (NYSE:WFC) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,621 shares of the financial services provider’s stock after purchasing an additional 3,305 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Wells Fargo & Company were worth $1,519,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Income Research & Management purchased a new position in Wells Fargo & Company during the 3rd quarter worth $211,000. Mattson Financial Services LLC acquired a new stake in Wells Fargo & Company in the second quarter worth about $25,000. Modus Advisors LLC purchased a new stake in shares of Wells Fargo & Company during the fourth quarter worth about $30,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Wells Fargo & Company during the second quarter valued at about $26,000. Finally, Truvestments Capital LLC purchased a new position in shares of Wells Fargo & Company in the 3rd quarter valued at approximately $29,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WFC shares. UBS Group boosted their target price on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Compass Point boosted their price objective on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $61.00 target price on shares of Wells Fargo & Company in a research note on Monday, October 14th. Truist Financial assumed coverage on Wells Fargo & Company in a research note on Tuesday, January 7th. They set a “buy” rating and a $82.00 price target on the stock. Finally, The Goldman Sachs Group raised their price objective on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus target price of $69.92.

Wells Fargo & Company Stock Up 0.8 %

Shares of WFC opened at $71.07 on Wednesday. The firm has a market cap of $236.63 billion, a P/E ratio of 14.78, a PEG ratio of 1.47 and a beta of 1.18. Wells Fargo & Company has a 12 month low of $46.12 and a 12 month high of $78.13. The stock’s 50 day moving average is $72.41 and its two-hundred day moving average is $63.15. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.25%. The ex-dividend date was Friday, November 8th. Wells Fargo & Company’s payout ratio is presently 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.