Strategic Blueprint LLC Purchases 429 Shares of Wells Fargo & Company (NYSE:WFC)

Strategic Blueprint LLC boosted its position in Wells Fargo & Company (NYSE:WFC) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,602 shares of the financial services provider’s stock after purchasing an additional 429 shares during the quarter. Strategic Blueprint LLC’s holdings in Wells Fargo & Company were worth $276,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Wells Fargo & Company during the fourth quarter valued at $2,049,693,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Wells Fargo & Company by 129,312.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 26,287,479 shares of the financial services provider’s stock valued at $1,085,410,000 after acquiring an additional 26,267,166 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Wells Fargo & Company by 1,478.6% during the first quarter. Renaissance Technologies LLC now owns 8,390,611 shares of the financial services provider’s stock valued at $406,609,000 after acquiring an additional 7,859,100 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Wells Fargo & Company during the first quarter valued at $345,861,000. Finally, Imprint Wealth LLC increased its holdings in shares of Wells Fargo & Company by 4,238.0% during the second quarter. Imprint Wealth LLC now owns 4,284,901 shares of the financial services provider’s stock valued at $428,490,000 after acquiring an additional 4,186,124 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Down 0.3 %

Shares of NYSE:WFC opened at $56.51 on Friday. The stock has a market capitalization of $200.07 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.19 and a beta of 1.19. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50-day simple moving average is $54.92 and its two-hundred day simple moving average is $48.22. Wells Fargo & Company has a 52-week low of $36.40 and a 52-week high of $58.44.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.10 by $0.16. Wells Fargo & Company had a return on equity of 12.40% and a net margin of 16.60%. The firm had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same quarter last year, the company earned $1.23 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that Wells Fargo & Company will post 4.68 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 2nd were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, February 1st. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.05%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WFC. Citigroup restated a “neutral” rating and set a $63.00 price target (up from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $62.00 price objective (up from $56.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 27th. Morgan Stanley increased their price objective on Wells Fargo & Company from $54.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 price objective on shares of Wells Fargo & Company in a research report on Monday, January 8th. Finally, The Goldman Sachs Group increased their price objective on Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.37.

Wells Fargo & Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.