Mokosak Advisory Group LLC Acquires New Shares in Wells Fargo & Company (NYSE:WFC)

Mokosak Advisory Group LLC acquired a new stake in shares of Wells Fargo & Company (NYSE:WFC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,311 shares of the financial services provider’s stock, valued at approximately $212,000. Wells Fargo & Company comprises about 0.1% of Mokosak Advisory Group LLC’s investment portfolio, making the stock its 27th largest position.

A number of other institutional investors have also recently bought and sold shares of the company. First Financial Corp IN grew its holdings in shares of Wells Fargo & Company by 4.9% in the 4th quarter. First Financial Corp IN now owns 4,595 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 214 shares in the last quarter. CX Institutional grew its holdings in shares of Wells Fargo & Company by 1.1% in the 4th quarter. CX Institutional now owns 20,280 shares of the financial services provider’s stock valued at $998,000 after acquiring an additional 217 shares in the last quarter. ERTS Wealth Advisors LLC grew its holdings in shares of Wells Fargo & Company by 3.5% in the 4th quarter. ERTS Wealth Advisors LLC now owns 6,733 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 228 shares in the last quarter. Prio Wealth Limited Partnership grew its holdings in shares of Wells Fargo & Company by 1.7% in the 4th quarter. Prio Wealth Limited Partnership now owns 14,309 shares of the financial services provider’s stock valued at $704,000 after acquiring an additional 233 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in Wells Fargo & Company by 19.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 1,523 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 244 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

WFC has been the subject of several recent analyst reports. Raymond James raised their target price on shares of Wells Fargo & Company from $55.00 to $58.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 16th. StockNews.com upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $51.00 target price on shares of Wells Fargo & Company in a research note on Tuesday, January 9th. Compass Point reiterated a “neutral” rating and issued a $64.00 target price on shares of Wells Fargo & Company in a research note on Tuesday, April 9th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Wells Fargo & Company in a research note on Monday. Thirteen research 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 company’s stock. According to data from MarketBeat, Wells Fargo & Company has an average rating of “Hold” and an average price target of $58.85.

Wells Fargo & Company Price Performance

Shares of NYSE WFC traded up $1.56 during midday trading on Thursday, reaching $58.74. The company’s stock had a trading volume of 24,460,320 shares, compared to its average volume of 18,773,215. 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 fifty-two week low of $36.40 and a fifty-two week high of $59.13. The business’s 50 day moving average price is $55.42 and its two-hundred day moving average price is $48.61. The company has a market cap of $207.96 billion, a P/E ratio of 12.29, a P/E/G ratio of 1.10 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. The company had revenue of $20.86 billion during the quarter, compared to the consensus estimate of $20.19 billion. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.23 earnings per share. On average, analysts forecast that Wells Fargo & Company will post 5.04 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 2nd were paid 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 2.38%. Wells Fargo & Company’s dividend payout ratio (DPR) 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.