<div id="readability-page-1"><p>Barrow Hanley Mewhinney &amp; Strauss LLC lowered its holdings in shares of  Wells Fargo &amp; Company (NYSE:WFC - Free Report) by 31.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities &amp; Exchange Commission. The fund owned 5,085,980 shares of the financial services provider's stock after selling 2,364,299 shares during the quarter. Barrow Hanley Mewhinney &amp; Strauss LLC owned 0.15% of Wells Fargo &amp; Company worth $357,239,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><div><p><span></span><span>Get <strong>Wells Fargo &amp; Company</strong> alerts:</span></p></div><ul><li>Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low</li></ul><p>A number of other institutional investors and hedge funds have also made changes to their positions in WFC. Rialto Wealth Management LLC bought a new position in shares of  Wells Fargo &amp; Company in the 4th quarter valued at about $26,000.  Rakuten Securities Inc. lifted its stake in shares of  Wells Fargo &amp; Company by 126.7% in the 4th quarter. Rakuten Securities Inc. now owns 424 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 237 shares during the last quarter.  Modus Advisors LLC purchased a new position in shares of  Wells Fargo &amp; Company in the 4th quarter worth approximately $30,000.  McClarren Financial Advisors Inc. bought a new position in shares of  Wells Fargo &amp; Company during the 4th quarter valued at approximately $30,000.  Finally, Decker Retirement Planning Inc. purchased a new stake in  Wells Fargo &amp; Company during the 4th quarter valued at $32,000. 75.90% of the stock is owned by hedge funds and other institutional investors. </p><h2>Analysts Set New Price Targets</h2><p>WFC has been the topic of a number of analyst reports. Truist Financial boosted their price objective on shares of Wells Fargo &amp; Company from $82.00 to $85.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, January 16th. UBS Group increased their price objective on shares of Wells Fargo &amp; Company from $69.00 to $85.00 and gave the stock a &#34;buy&#34; rating in a research report on Monday, December 9th. Keefe, Bruyette &amp; Woods raised their price objective on shares of Wells Fargo &amp; Company from $81.00 to $86.00 and gave the stock a &#34;market perform&#34; rating in a research note on Thursday, January 16th. Royal Bank of Canada upgraded Wells Fargo &amp; Company from a &#34;sector perform&#34; rating to an &#34;outperform&#34; rating and set a $80.00 price target on the stock in a report on Thursday, March 13th. Finally, The Goldman Sachs Group upped their price objective on Wells Fargo &amp; Company from $72.00 to $82.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and eleven have assigned  a buy rating to the company. According to MarketBeat, the company  has an average rating of &#34;Moderate Buy&#34; and an average price target of $74.97.</p><ul><li>These 3 Big Banks Are Set to Gain as Consumers Stash More Cash</li></ul><p><b>Check Out Our Latest Analysis on Wells Fargo &amp; Company</b></p><h2>Wells Fargo &amp; Company Stock Performance</h2><p>Shares of NYSE:WFC opened at $70.71 on Friday. The firm has a 50 day moving average of $75.84 and a 200 day moving average of $70.03. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $230.87 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. Wells Fargo &amp; Company has a 52 week low of $50.15 and a 52 week high of $81.50. </p><ul><li>Royal Caribbean Soars, But Smooth Sailing Isn’t Guaranteed</li></ul><p>Wells Fargo &amp; Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.09. Wells Fargo &amp; Company had a return on equity of 12.38% and a net margin of 15.73%. The firm had revenue of $20.38 billion during the quarter, compared to analysts' expectations of $20.58 billion. During the same period in the prior year, the business posted $0.86 EPS. The firm's quarterly revenue was down .5% on a year-over-year basis.  On average, sell-side analysts predict that  Wells Fargo &amp; Company will post 5.89 earnings per share for the current fiscal year. </p><h2>Wells Fargo &amp; Company Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were paid a dividend of $0.40 per share. The ex-dividend date  was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.26%. Wells Fargo &amp; Company's dividend payout ratio (DPR) is presently 29.74%. </p><h2>Wells Fargo &amp; Company Company Profile</h2> (Free Report)<p>Wells Fargo &amp; Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.</p><h2>See Also</h2><ul><li>Five stocks we like better than Wells Fargo &amp; Company</li><li>3 Stocks to Consider Buying in October</li><li>MarketBeat Week in Review – 03/24 - 03/28</li><li>What is Put Option Volume?</li><li>Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low</li><li>3 Must-Buy Warren Buffett Stocks for Volatile Times</li><li>4 Healthcare Stocks With Massive Gains—and More to Come</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdGQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdGQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Wells Fargo &amp; Company Right Now?</h2><p>Before you consider Wells Fargo &amp; Company, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wells Fargo &amp; Company wasn't on the list.</p><p>While Wells Fargo &amp; Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Barrow Hanley Mewhinney & Strauss LLC reduced its stake in Wells Fargo & Company (NYSE:WFC) by 31.7% in Q4, selling 2,364,299 shares, leaving them with 5,085,980 shares valued at $357.24 million. Other institutional investors also adjusted their positions. Analysts have set new price targets for WFC, with ratings ranging from "hold" to "buy". The stock opened at $70.71, with a market cap of $230.87 billion and a P/E ratio of 13.14. Wells Fargo reported $1.43 EPS for the last quarter, exceeding estimates.</p>

Barrow Hanley Mewhinney & Strauss LLC Sells 2,364,299 Shares of Wells Fargo & Company (NYSE:WFC)