Copperleaf Capital LLC Makes New $232,000 Investment in Wells Fargo & Company (NYSE:WFC)

Copperleaf Capital LLC acquired a new position in Wells Fargo & Company (NYSE:WFC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,300 shares of the financial services provider’s stock, valued at approximately $232,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC grew its position in Wells Fargo & Company by 56.8% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 34,000 shares of the financial services provider’s stock worth $2,388,000 after purchasing an additional 12,319 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Wells Fargo & Company in the fourth quarter valued at about $2,262,000. Amarillo National Bank purchased a new position in Wells Fargo & Company in the fourth quarter valued at about $242,000. Quantum Private Wealth LLC purchased a new position in Wells Fargo & Company in the fourth quarter valued at about $243,000. Finally, Centerpoint Advisory Group purchased a new position in Wells Fargo & Company in the fourth quarter valued at about $292,000. 75.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WFC. Citigroup boosted their target price on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group upped 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 note on Friday, December 6th. 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. Barclays upped their price target on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, UBS Group upped their price target on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Wells Fargo & Company currently has an average rating of “Hold” and a consensus price target of $73.39.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $79.68 on Friday. The company’s fifty day moving average price is $74.41 and its 200-day moving average price is $66.10. The firm has a market capitalization of $265.29 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.22 and a beta of 1.18. Wells Fargo & Company has a one year low of $48.62 and a one year high of $81.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85.

Wells Fargo & Company (NYSE:WFC) last issued 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 firm had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS. On average, equities research analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, February 7th. Wells Fargo & Company’s payout ratio is 29.74%.

About Wells Fargo & Company

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.