Quotient Wealth Partners LLC Purchases Shares of 14,788 Wells Fargo & Company (NYSE:WFC)

Quotient Wealth Partners LLC purchased a new stake in Wells Fargo & Company (NYSE:WFC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,788 shares of the financial services provider's stock, valued at approximately $728,000.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp lifted its position in shares of 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. Charles Schwab Investment Management Inc. increased its holdings in shares of Wells Fargo & Company by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,237,905 shares of the financial services provider's stock valued at $1,143,770,000 after acquiring an additional 526,178 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Wells Fargo & Company by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,941,772 shares of the financial services provider's stock valued at $932,352,000 after acquiring an additional 596,521 shares during the last quarter. Pzena Investment Management LLC raised 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 worth $746,484,000 after acquiring an additional 335,560 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Wells Fargo & Company by 40.4% in the fourth quarter. LSV Asset Management now owns 9,308,450 shares of the financial services provider's stock valued at $458,162,000 after purchasing an additional 2,677,050 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company's stock.

Wells Fargo & Company Stock Performance

Shares of WFC stock traded up $0.62 during trading hours on Tuesday, reaching $61.88. 14,498,077 shares of the company's stock were exchanged, compared to its average volume of 18,712,584. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.87 and a quick ratio of 0.86. The company's 50 day moving average is $58.35 and its two-hundred day moving average is $51.24. The company has a market cap of $215.73 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.20 and a beta of 1.18. Wells Fargo & Company has a 1 year low of $37.46 and a 1 year high of $62.17.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The firm had revenue of $20.86 billion during the quarter, compared to analysts' expectations of $20.19 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. Wells Fargo & Company's revenue was up .6% compared to the same quarter last year. Equities research analysts anticipate that Wells Fargo & Company will post 5.08 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Friday, May 10th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, May 9th. Wells Fargo & Company's dividend payout ratio is currently 29.23%.

Wall Street Analyst Weigh In

WFC has been the topic of a number of research analyst reports. Argus raised their price objective on shares of Wells Fargo & Company from $57.00 to $66.00 and gave the stock a "buy" rating in a report on Monday, April 15th. StockNews.com upgraded shares of Wells Fargo & Company from a "sell" rating to a "hold" rating in a research note on Monday, April 15th. Evercore ISI boosted their target price on Wells Fargo & Company from $58.00 to $67.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Oppenheimer restated a "market perform" rating on shares of Wells Fargo & Company in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $62.00 price objective (up previously from $56.00) on shares of Wells Fargo & Company in a research note on Wednesday, March 27th. Fourteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $58.99.

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.