Strs Ohio Has $91.35 Million Stock Holdings in Wells Fargo & Company (NYSE:WFC)

Strs Ohio trimmed its position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,855,922 shares of the financial services provider's stock after selling 40,576 shares during the quarter. Strs Ohio owned approximately 0.05% of Wells Fargo & Company worth $91,348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Wells Fargo & Company in the 4th quarter worth $2,049,693,000. Northern Trust Corp boosted its stake in Wells Fargo & Company by 0.3% during the 3rd quarter. Northern Trust Corp now owns 38,197,624 shares of the financial services provider's stock worth $1,560,755,000 after purchasing an additional 129,300 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Wells Fargo & Company by 129,312.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 26,287,479 shares of the financial services provider's stock worth $1,085,410,000 after purchasing an additional 26,267,166 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Wells Fargo & Company by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,901,706 shares of the financial services provider's stock valued at $1,061,357,000 after acquiring an additional 64,080 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its position in shares of Wells Fargo & Company by 1.9% during the 3rd quarter. Pzena Investment Management LLC now owns 18,269,318 shares of the financial services provider's stock valued at $746,484,000 after acquiring an additional 335,560 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WFC shares. Barclays boosted their price target on shares of Wells Fargo & Company from $54.00 to $66.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 2nd. Odeon Capital Group cut Wells Fargo & Company from a "buy" rating to a "hold" rating and set a $48.80 price target for the company. in a research report on Thursday, January 18th. Piper Sandler dropped their price objective on Wells Fargo & Company from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $51.00 price target on shares of Wells Fargo & Company in a research note on Tuesday, January 9th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $55.00 price objective on shares of Wells Fargo & Company in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wells Fargo & Company presently has an average rating of "Hold" and an average target price of $58.37.

Wells Fargo & Company Stock Performance

Shares of NYSE:WFC traded down $0.22 on Friday, hitting $56.47. The company's stock had a trading volume of 27,876,733 shares, compared to its average volume of 15,250,352. Wells Fargo & Company has a 12 month low of $36.40 and a 12 month high of $58.44. The company has a market capitalization of $199.93 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The stock's 50-day moving average is $54.92 and its two-hundred day moving average is $48.32. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.88 and a current ratio of 0.88.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a return on equity of 12.40% and a net margin of 16.60%. The business had revenue of $20.86 billion during the quarter, compared to analysts' expectations of $20.19 billion. During the same quarter last year, the business posted $1.23 earnings per share. The company's quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Wells Fargo & Company will post 4.68 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 2nd were issued a dividend of $0.35 per share. 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 is 29.23%.

Wells Fargo & Company 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.