Xponance LLC Has $46.79 Million Holdings in Wells Fargo & Company $WFC

Xponance LLC boosted its stake in Wells Fargo & Company (NYSE:WFC) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 502,070 shares of the financial services provider’s stock after purchasing an additional 20,967 shares during the quarter. Xponance LLC’s holdings in Wells Fargo & Company were worth $46,793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Godfrey Financial Associates Inc. acquired a new position in Wells Fargo & Company in the fourth quarter valued at about $25,000. Navalign LLC acquired a new position in Wells Fargo & Company in the fourth quarter valued at about $26,000. Joseph Group Capital Management bought a new position in Wells Fargo & Company in the fourth quarter valued at about $28,000. Core Wealth Advisors LLC bought a new position in Wells Fargo & Company in the fourth quarter valued at about $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in Wells Fargo & Company in the third quarter valued at about $27,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Trending Headlines about Wells Fargo & Company

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Analyst Ratings Changes

WFC has been the topic of a number of recent analyst reports. Robert W. Baird upgraded Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 target price on the stock in a research report on Friday, February 13th. Morgan Stanley decreased their target price on Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. The Goldman Sachs Group decreased their target price on Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Wall Street Zen cut Wells Fargo & Company from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Keefe, Bruyette & Woods decreased their target price on Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Wells Fargo & Company has a consensus rating of “Moderate Buy” and an average price target of $97.53.

Read Our Latest Research Report on WFC

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $82.45 on Friday. The stock has a market cap of $252.32 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average is $79.50 and its 200-day moving average is $84.67. Wells Fargo & Company has a 1-year low of $71.93 and a 1-year high of $97.76.

Wells Fargo & Company (NYSE:WFCGet Free Report) last released its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.02. The company had revenue of $11.62 billion for the quarter, compared to analysts’ expectations of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 earnings per share. Equities research analysts anticipate that Wells Fargo & Company will post 6.84 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, May 8th. Wells Fargo & Company’s payout ratio is 27.78%.

Wells Fargo & Company Profile

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Further Reading

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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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