Wells Fargo & Company $WFC is Consilium Wealth Advisory LLC’s 5th Largest Position

Consilium Wealth Advisory LLC reduced its holdings in Wells Fargo & Company (NYSE:WFC) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,082 shares of the financial services provider’s stock after selling 9,846 shares during the quarter. Wells Fargo & Company accounts for about 5.4% of Consilium Wealth Advisory LLC’s investment portfolio, making the stock its 5th largest position. Consilium Wealth Advisory LLC’s holdings in Wells Fargo & Company were worth $14,005,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Wells Fargo & Company by 62.3% in the fourth quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider’s stock worth $4,652,000 after purchasing an additional 25,436 shares during the last quarter. State of Wyoming purchased a new position in Wells Fargo & Company in the 1st quarter worth approximately $228,000. Focus Partners Advisor Solutions LLC increased its holdings in shares of Wells Fargo & Company by 3.7% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 50,862 shares of the financial services provider’s stock worth $3,651,000 after buying an additional 1,812 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of Wells Fargo & Company by 39.6% during the 1st quarter. EP Wealth Advisors LLC now owns 240,236 shares of the financial services provider’s stock valued at $17,247,000 after buying an additional 68,186 shares in the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in shares of Wells Fargo & Company by 1,503.6% during the 1st quarter. Dark Forest Capital Management LP now owns 56,911 shares of the financial services provider’s stock worth $4,086,000 after acquiring an additional 53,362 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

Shares of WFC stock opened at $94.30 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.84. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week high of $95.85. The stock has a 50 day moving average price of $88.29 and a two-hundred day moving average price of $83.39. The company has a market capitalization of $296.02 billion, a P/E ratio of 15.51, a PEG ratio of 0.98 and a beta of 1.11.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.18. Wells Fargo & Company had a net margin of 17.18% and a return on equity of 12.51%. The firm had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.11 billion. During the same quarter last year, the business earned $1.42 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, November 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.61%.

Analyst Upgrades and Downgrades

WFC has been the subject of several research reports. Truist Financial upped their target price on shares of Wells Fargo & Company from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Cfra Research upgraded Wells Fargo & Company to a “moderate buy” rating in a report on Wednesday, October 15th. Cowen reissued a “hold” rating on shares of Wells Fargo & Company in a report on Wednesday, October 15th. Morgan Stanley boosted their target price on Wells Fargo & Company from $95.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Finally, Evercore ISI increased their price target on shares of Wells Fargo & Company from $101.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, December 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus target price of $92.04.

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.