Loomis Sayles & Co. L P Purchases 196 Shares of Wells Fargo & Company (NYSE:WFC)

Loomis Sayles & Co. L P increased its holdings in Wells Fargo & Company (NYSE:WFC) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,384 shares of the financial services provider’s stock after acquiring an additional 196 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Wells Fargo & Company were worth $97,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. AssuredPartners Investment Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the 4th quarter worth about $352,000. NEOS Investment Management LLC raised its stake in Wells Fargo & Company by 6.2% in the fourth quarter. NEOS Investment Management LLC now owns 182,126 shares of the financial services provider’s stock worth $12,793,000 after buying an additional 10,563 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in Wells Fargo & Company by 10.6% in the fourth quarter. UniSuper Management Pty Ltd now owns 1,670,356 shares of the financial services provider’s stock worth $117,326,000 after buying an additional 159,988 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in Wells Fargo & Company by 77.5% in the fourth quarter. WINTON GROUP Ltd now owns 11,130 shares of the financial services provider’s stock worth $782,000 after buying an additional 4,859 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $117,026,000. Institutional investors own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WFC. The Goldman Sachs Group lifted their price target on Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Truist Financial boosted their target price on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Barclays increased their price target 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, January 16th. UBS Group boosted their price objective on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Citigroup decreased their target price on shares of Wells Fargo & Company from $82.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.97.

Wells Fargo & Company Trading Down 2.2 %

Wells Fargo & Company stock opened at $70.71 on Monday. Wells Fargo & Company has a one year low of $50.15 and a one year high of $81.50. The business’s fifty day moving average is $75.84 and its 200 day moving average is $70.14. The stock has a market capitalization of $230.87 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. 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 announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The firm had revenue of $20.38 billion for the quarter, compared to the consensus estimate of $20.58 billion. During the same quarter last year, the firm posted $0.86 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.74%.

Wells Fargo & Company Profile

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.