Mokosak Advisory Group LLC Takes $212,000 Position in Wells Fargo & Company (NYSE:WFC)

Mokosak Advisory Group LLC bought a new stake in shares of Wells Fargo & Company (NYSE:WFC) in the fourth quarter, Holdings Channel reports. The fund bought 4,311 shares of the financial services provider’s stock, valued at approximately $212,000. Wells Fargo & Company comprises 0.1% of Mokosak Advisory Group LLC’s portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Xponance Inc. lifted its stake in shares of Wells Fargo & Company by 6.0% during the 4th quarter. Xponance Inc. now owns 547,922 shares of the financial services provider’s stock valued at $26,969,000 after buying an additional 30,874 shares in the last quarter. Integral Investment Advisors Inc. purchased a new stake in shares of Wells Fargo & Company during the 4th quarter valued at approximately $219,000. Federated Hermes Inc. lifted its stake in shares of Wells Fargo & Company by 0.9% during the 4th quarter. Federated Hermes Inc. now owns 916,382 shares of the financial services provider’s stock valued at $45,104,000 after buying an additional 7,729 shares in the last quarter. HF Advisory Group LLC lifted its stake in shares of Wells Fargo & Company by 4.3% during the 4th quarter. HF Advisory Group LLC now owns 34,093 shares of the financial services provider’s stock valued at $1,678,000 after buying an additional 1,417 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Wells Fargo & Company by 17.1% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,832 shares of the financial services provider’s stock valued at $779,000 after buying an additional 2,311 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on WFC. Keefe, Bruyette & Woods restated a “market perform” rating and set a $62.00 price target (up from $56.00) on shares of Wells Fargo & Company in a research note on Wednesday, March 27th. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price on shares of Wells Fargo & Company in a research note on Monday, January 8th. 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. Piper Sandler lowered their target price on shares of Wells Fargo & Company from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Finally, Morgan Stanley increased their target price 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. Thirteen analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Wells Fargo & Company presently has an average rating of “Hold” and an average target price of $58.85.

Wells Fargo & Company Price Performance

Shares of Wells Fargo & Company stock traded up $1.56 on Thursday, hitting $58.74. 24,460,320 shares of the company traded hands, compared to its average volume of 18,773,215. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 1.14. Wells Fargo & Company has a 12-month low of $36.40 and a 12-month high of $59.13. The firm’s 50-day simple moving average is $55.42 and its 200 day simple moving average 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 earnings results on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The company had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same quarter last year, the firm earned $1.23 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Analysts expect that Wells Fargo & Company will post 5.04 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 2nd were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, February 1st. Wells Fargo & Company’s payout ratio is 29.23%.

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.