11,199 Shares in Wells Fargo & Company $WFC Purchased by Larry Mathis Financial Planning LLC

Larry Mathis Financial Planning LLC bought a new stake in Wells Fargo & Company (NYSE:WFC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,199 shares of the financial services provider’s stock, valued at approximately $1,044,000. Wells Fargo & Company makes up about 0.9% of Larry Mathis Financial Planning LLC’s holdings, making the stock its 26th largest holding.

Several other large investors have also recently bought and sold shares of WFC. Godfrey Financial Associates Inc. acquired a new stake in shares of Wells Fargo & Company in the 4th quarter worth approximately $25,000. Miller Capital Partners Inc. bought a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $25,000. Navalign LLC acquired a new position in shares of Wells Fargo & Company during the fourth quarter valued at approximately $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company during the third quarter valued at approximately $27,000. Finally, Joseph Group Capital Management bought a new stake in Wells Fargo & Company during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes

WFC has been the subject of a number of research analyst reports. KGI Securities downgraded Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Truist Financial dropped their price objective on Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Keefe, Bruyette & Woods decreased their target price on Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $98.24.

Wells Fargo & Company Stock Up 0.1%

WFC stock opened at $82.31 on Friday. The firm has a market cap of $251.89 billion, a PE ratio of 12.70, a P/E/G ratio of 0.96 and a beta of 0.93. Wells Fargo & Company has a 12 month low of $72.78 and a 12 month high of $97.76. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $79.70 and a 200 day simple moving average of $84.59.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.02. The firm had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 earnings per share. Equities research analysts forecast that Wells Fargo & Company will post 6.86 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

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

Wells Fargo & Company Company Profile

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.