Kiley Juergens Wealth Management LLC Trims Stock Position in Wells Fargo & Company (NYSE:WFC)

Kiley Juergens Wealth Management LLC lessened its holdings in Wells Fargo & Company (NYSE:WFC) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,730 shares of the financial services provider’s stock after selling 585 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in Wells Fargo & Company were worth $676,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of WFC. Fortis Group Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the third quarter valued at about $25,000. Arlington Trust Co LLC purchased a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $25,000. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Wells Fargo & Company by 208.0% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 356,620 shares in the last quarter. Studio Investment Management LLC acquired a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $28,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Wells Fargo & Company in the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Down 1.0 %

Shares of WFC stock traded down $0.57 on Tuesday, hitting $56.40. The stock had a trading volume of 25,617,366 shares, compared to its average volume of 18,688,426. Wells Fargo & Company has a 52-week low of $36.40 and a 52-week high of $58.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market capitalization of $199.68 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 1.18 and a beta of 1.19. The stock’s 50 day moving average is $55.08 and its 200-day moving average is $48.44.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The firm had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the prior year, the firm posted $1.23 EPS. The firm’s revenue was up .6% compared to the same quarter last year. As a group, research analysts expect that Wells Fargo & Company will post 4.68 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 2nd were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, February 1st. This represents a $1.40 dividend on an annualized basis and a yield of 2.48%. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.23%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WFC. Compass Point reissued a “neutral” rating and issued a $64.00 price objective on shares of Wells Fargo & Company in a research report on Tuesday, April 9th. The Goldman Sachs Group boosted their price objective on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Argus boosted their price objective on shares of Wells Fargo & Company from $57.00 to $66.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research report on Monday. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 price target on shares of Wells Fargo & Company in a research report on Monday, January 8th. Thirteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $58.85.

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.