Cypress Wealth Services LLC Buys 189 Shares of Wells Fargo & Company (NYSE:WFC)

Cypress Wealth Services LLC boosted its position in shares of Wells Fargo & Company (NYSE:WFC) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,004 shares of the financial services provider’s stock after acquiring an additional 189 shares during the period. Cypress Wealth Services LLC’s holdings in Wells Fargo & Company were worth $1,124,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC purchased a new stake in Wells Fargo & Company in the 2nd quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Wells Fargo & Company in the second quarter worth $26,000. Truvestments Capital LLC bought a new stake in Wells Fargo & Company in the third quarter worth about $29,000. Modus Advisors LLC purchased a new stake in shares of Wells Fargo & Company during the fourth quarter valued at $30,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Wells Fargo & Company in the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WFC shares. Evercore ISI lifted their price target on Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Compass Point upped 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. Barclays lifted their target price on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday. Piper Sandler upped their price target on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Phillip Securities upgraded shares of Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and lifted their price objective for the stock from $60.83 to $65.00 in a research note on Tuesday, October 15th. Twelve 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, the stock presently has an average rating of “Hold” and a consensus price target of $72.17.

Wells Fargo & Company Trading Down 0.0 %

Shares of NYSE:WFC opened at $75.94 on Friday. 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 has a 12-month low of $46.12 and a 12-month high of $78.13. The business has a 50 day moving average of $72.47 and a two-hundred day moving average of $63.24. The company has a market capitalization of $252.85 billion, a PE ratio of 15.79, a PEG ratio of 1.39 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.09. The firm had revenue of $20.38 billion during the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a net margin of 14.43% and a return on equity of 12.25%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. As a group, analysts forecast that Wells Fargo & Company will post 5.45 EPS for the current year.

Wells Fargo & Company Announces Dividend

The company also recently announced 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 2.11%. The ex-dividend date was Friday, November 8th. 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.