Paradigm Asset Management Co. LLC Has $4.52 Million Stock Holdings in Wells Fargo & Company (NYSE:WFC)

Paradigm Asset Management Co. LLC lifted its holdings in Wells Fargo & Company (NYSE:WFC) by 50.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,352 shares of the financial services provider’s stock after purchasing an additional 21,500 shares during the period. Wells Fargo & Company accounts for approximately 1.2% of Paradigm Asset Management Co. LLC’s portfolio, making the stock its 5th biggest holding. Paradigm Asset Management Co. LLC’s holdings in Wells Fargo & Company were worth $4,520,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in Wells Fargo & Company in the 3rd quarter valued at approximately $29,000. Modus Advisors LLC bought a new stake in shares of Wells Fargo & Company in the fourth quarter valued at approximately $30,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Wells Fargo & Company in the fourth quarter worth $30,000. Decker Retirement Planning Inc. bought a new position in Wells Fargo & Company during the fourth quarter worth $32,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Wells Fargo & Company during the third quarter worth $34,000. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Stock Down 2.1 %

Shares of Wells Fargo & Company stock opened at $78.69 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 12 month low of $50.15 and a 12 month high of $81.50. The business has a fifty day simple moving average of $75.06 and a 200 day simple moving average of $66.73. The stock has a market cap of $262.00 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.20 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last announced 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 12.38% and a net margin of 15.73%. The business had revenue of $20.38 billion during the quarter, compared to analysts’ expectations of $20.58 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.74%.

Analyst Ratings Changes

Several analysts have issued reports on WFC shares. Citigroup raised their price target on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. UBS Group upped their price target on Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group lifted their price objective on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Compass Point upped their target price on Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.39.

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.