Greenleaf Trust Has $3.47 Million Position in Wells Fargo & Company (NYSE:WFC)

Greenleaf Trust lifted its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 70,566 shares of the financial services provider’s stock after acquiring an additional 1,229 shares during the quarter. Greenleaf Trust’s holdings in Wells Fargo & Company were worth $3,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stoneridge Investment Partners LLC raised its position in Wells Fargo & Company by 410.5% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 67,480 shares of the financial services provider’s stock valued at $2,757,000 after buying an additional 54,262 shares during the last quarter. United Services Automobile Association increased its position in shares of Wells Fargo & Company by 13.7% during the 3rd quarter. United Services Automobile Association now owns 97,906 shares of the financial services provider’s stock worth $4,000,000 after purchasing an additional 11,825 shares during the last quarter. Synovus Financial Corp increased its position in shares of Wells Fargo & Company by 61.7% during the 3rd quarter. Synovus Financial Corp now owns 121,937 shares of the financial services provider’s stock worth $4,983,000 after purchasing an additional 46,525 shares during the last quarter. Trust Point Inc. acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $2,499,000. Finally, Golden State Equity Partners increased its position in shares of Wells Fargo & Company by 98.8% during the 3rd quarter. Golden State Equity Partners now owns 60,998 shares of the financial services provider’s stock worth $2,492,000 after purchasing an additional 30,316 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $60.36 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. Wells Fargo & Company has a 52 week low of $36.40 and a 52 week high of $60.85. The stock has a market capitalization of $213.68 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.14 and a beta of 1.19. The stock has a fifty day moving average of $55.88 and a 200-day moving average of $48.82.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $20.86 billion during the quarter, compared to analysts’ expectations of $20.19 billion. During the same quarter in the previous year, the firm earned $1.23 EPS. Wells Fargo & Company’s revenue was up .6% on a year-over-year basis. On average, sell-side analysts expect that Wells Fargo & Company will post 5.06 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 2nd were issued a $0.35 dividend. The ex-dividend date was Thursday, February 1st. This represents a $1.40 dividend on an annualized basis and a yield of 2.32%. Wells Fargo & Company’s payout ratio is presently 29.23%.

Analyst Ratings Changes

Several brokerages have recently commented on WFC. Evercore ISI lifted their target price on Wells Fargo & Company from $58.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Piper Sandler reduced their target price on Wells Fargo & Company from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. Argus boosted their price target on Wells Fargo & Company from $57.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 15th. The Goldman Sachs Group boosted their price target on Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Barclays boosted their price target on Wells Fargo & Company from $54.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Thirteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.85.

About Wells Fargo & Company

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.