3,141 Shares in Wells Fargo & Company (NYSE:WFC) Purchased by Ironwood Financial llc

Ironwood Financial llc acquired a new stake in shares of Wells Fargo & Company (NYSE:WFC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,141 shares of the financial services provider’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WFC. Scott Capital Advisors LLC bought a new stake in shares of Wells Fargo & Company in the fourth quarter valued at approximately $203,000. Diversify Wealth Management LLC raised its holdings in Wells Fargo & Company by 33.9% during the 4th quarter. Diversify Wealth Management LLC now owns 31,350 shares of the financial services provider’s stock valued at $2,193,000 after acquiring an additional 7,945 shares during the period. Eldred Rock Partners LLC raised its holdings in Wells Fargo & Company by 0.3% during the 4th quarter. Eldred Rock Partners LLC now owns 151,919 shares of the financial services provider’s stock valued at $10,681,000 after acquiring an additional 478 shares during the period. City Holding Co. boosted its holdings in shares of Wells Fargo & Company by 25.9% in the fourth quarter. City Holding Co. now owns 1,460 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 300 shares during the period. Finally, Annex Advisory Services LLC grew its position in shares of Wells Fargo & Company by 10.0% in the fourth quarter. Annex Advisory Services LLC now owns 5,001 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 455 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on WFC shares. Barclays increased their price objective on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday. Wolfe Research raised shares of Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Tuesday, October 8th. The Goldman Sachs Group raised their price target on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a report on Friday, December 6th. Evercore ISI boosted their price target on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their price objective on Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Wells Fargo & Company has an average rating of “Hold” and an average target price of $73.39.

Wells Fargo & Company Stock Up 1.7 %

WFC opened at $77.22 on Monday. Wells Fargo & Company has a 12 month low of $46.12 and a 12 month high of $78.13. 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 business’s 50-day moving average price is $72.74 and its 200-day moving average price is $63.46. The company has a market cap of $257.11 billion, a P/E ratio of 16.05, a P/E/G ratio of 1.39 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results 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. The business had revenue of $20.38 billion for the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. On average, equities analysts expect that Wells Fargo & Company will post 5.45 EPS for the current year.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Friday, November 8th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.60 annualized dividend and a yield of 2.07%. Wells Fargo & Company’s payout ratio is currently 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.