Jackson Creek Investment Advisors LLC Reduces Position in Wells Fargo & Company (NYSE:WFC)

Jackson Creek Investment Advisors LLC decreased its position in shares of Wells Fargo & Company (NYSE:WFC) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 18,088 shares of the financial services provider’s stock after selling 344 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Wells Fargo & Company were worth $890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its stake in shares of Wells Fargo & Company by 12.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,754 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 424 shares during the last quarter. Vicus Capital increased its position in Wells Fargo & Company by 13.1% during the third quarter. Vicus Capital now owns 8,087 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 937 shares during the last quarter. Hoey Investments Inc. boosted its holdings in shares of Wells Fargo & Company by 4.7% in the 3rd quarter. Hoey Investments Inc. now owns 118,333 shares of the financial services provider’s stock valued at $4,835,000 after purchasing an additional 5,307 shares during the last quarter. 1834 Investment Advisors Co. grew its stake in shares of Wells Fargo & Company by 23.6% during the 3rd quarter. 1834 Investment Advisors Co. now owns 23,199 shares of the financial services provider’s stock valued at $948,000 after buying an additional 4,437 shares during the period. Finally, Beach Investment Counsel Inc. PA raised its position in shares of Wells Fargo & Company by 45.5% in the 3rd quarter. Beach Investment Counsel Inc. PA now owns 14,787 shares of the financial services provider’s stock worth $604,000 after buying an additional 4,623 shares during the period. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wells Fargo & Company Trading Down 0.8 %

WFC opened at $59.32 on Wednesday. Wells Fargo & Company has a 12-month low of $36.40 and a 12-month high of $61.76. 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 stock has a market capitalization of $210.02 billion, a PE ratio of 12.38, a P/E/G ratio of 1.16 and a beta of 1.19. The firm’s fifty day moving average price is $57.24 and its 200 day moving average price is $49.97.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $20.19 billion. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Wells Fargo & Company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts expect that Wells Fargo & Company will post 5.06 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Friday, May 10th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.36%. Wells Fargo & Company’s payout ratio is 29.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WFC shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $51.00 price target on shares of Wells Fargo & Company in a research report on Tuesday, January 9th. Raymond James raised their price target on shares of Wells Fargo & Company from $55.00 to $58.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 16th. Morgan Stanley boosted their price objective on shares of Wells Fargo & Company from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Oppenheimer reissued a “market perform” rating on shares of Wells Fargo & Company in a research note on Monday, April 15th. Finally, Jefferies Financial Group lifted their target price on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the company a “hold” rating in a report on Monday, April 8th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $58.85.

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.