Wells Fargo & Company (NYSE:WFC) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC decreased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,701 shares of the financial services provider’s stock after selling 1,260 shares during the quarter. Radnor Capital Management LLC’s holdings in Wells Fargo & Company were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WFC. WINTON GROUP Ltd acquired a new stake in shares of Wells Fargo & Company in the second quarter valued at about $225,000. Edgestream Partners L.P. purchased a new position in Wells Fargo & Company in the 2nd quarter worth approximately $272,000. E Fund Management Co. Ltd. grew its position in Wells Fargo & Company by 9.7% in the second quarter. E Fund Management Co. Ltd. now owns 21,947 shares of the financial services provider’s stock valued at $1,303,000 after acquiring an additional 1,944 shares in the last quarter. Meridian Wealth Partners LLC grew its position in Wells Fargo & Company by 0.6% in the second quarter. Meridian Wealth Partners LLC now owns 42,449 shares of the financial services provider’s stock valued at $2,521,000 after acquiring an additional 274 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of Wells Fargo & Company by 16.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 607,195 shares of the financial services provider’s stock worth $34,546,000 after purchasing an additional 86,777 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Stock Up 6.6 %

NYSE:WFC opened at $75.86 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average of $72.41 and a 200-day moving average of $63.15. The firm has a market capitalization of $252.58 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.18. Wells Fargo & Company has a 52 week low of $46.12 and a 52 week high of $78.13.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The firm had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. During the same period in the prior year, the business earned $0.86 EPS. The firm’s revenue was down .5% on a year-over-year basis. Analysts predict that Wells Fargo & Company will post 5.43 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 8th were issued a $0.40 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 33.26%.

Wall Street Analysts Forecast Growth

WFC has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Wells Fargo & Company from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Wolfe Research raised Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price target on Wells Fargo & Company from $61.00 to $79.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Truist Financial initiated coverage on Wells Fargo & Company in a report on Tuesday, January 7th. They set a “buy” rating and a $82.00 price objective on the stock. Finally, Citigroup increased their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Wells Fargo & Company has a consensus rating of “Moderate Buy” and an average target price of $69.92.

Wells Fargo & Company 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.