Wells Fargo & Company (NYSE:WFC) Shares Purchased by Sunflower Bank N.A.

Sunflower Bank N.A. raised its position in Wells Fargo & Company (NYSE:WFC) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,309 shares of the financial services provider’s stock after purchasing an additional 547 shares during the quarter. Sunflower Bank N.A.’s holdings in Wells Fargo & Company were worth $513,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on WFC shares. Barclays raised their target price on Wells Fargo & Company from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Truist Financial assumed coverage on shares of Wells Fargo & Company in a report on Tuesday, January 7th. They issued a “buy” rating and a $82.00 price objective for the company. 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 research report on Friday, December 6th. Compass Point upped their price objective on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Piper Sandler lifted their target price on Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.92.

Insider Buying and Selling

In other Wells Fargo & Company news, EVP Ather Williams III sold 60,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $63.70, for a total transaction of $3,822,000.00. Following the completion of the transaction, the executive vice president now owns 163,610 shares in the company, valued at approximately $10,421,957. This represents a 26.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Wells Fargo & Company Stock Performance

Shares of NYSE:WFC traded up $0.63 on Monday, reaching $70.59. The company’s stock had a trading volume of 10,220,347 shares, compared to its average volume of 12,538,234. Wells Fargo & Company has a 52-week low of $46.12 and a 52-week high of $78.13. The stock has a market capitalization of $235.03 billion, a P/E ratio of 14.68, a PEG ratio of 1.47 and a beta of 1.18. The stock’s 50-day moving average is $72.13 and its two-hundred day moving average is $62.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.85 and a quick ratio of 0.85.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.28 by $0.14. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The firm had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the prior year, the business earned $1.39 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Wells Fargo & Company will post 5.43 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 8th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, November 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 33.26%.

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.