Wells Fargo & Company (NYSE:WFC) Stock Holdings Trimmed by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Wells Fargo & Company (NYSE:WFC) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 590,377 shares of the financial services provider’s stock after selling 28,401 shares during the quarter. Yousif Capital Management LLC’s holdings in Wells Fargo & Company were worth $29,058,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Summit Global Investments lifted its position in Wells Fargo & Company by 6.3% in the third quarter. Summit Global Investments now owns 5,753 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 343 shares during the period. Impact Partnership Wealth LLC acquired a new stake in shares of Wells Fargo & Company in the third quarter valued at $34,000. Fifth Third Wealth Advisors LLC grew its holdings in Wells Fargo & Company by 30.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 10,194 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 2,350 shares during the period. BTC Capital Management Inc. lifted its holdings in Wells Fargo & Company by 0.7% in the 3rd quarter. BTC Capital Management Inc. now owns 155,788 shares of the financial services provider’s stock valued at $6,365,000 after acquiring an additional 1,147 shares during the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE boosted its position in shares of Wells Fargo & Company by 1.1% during the 3rd quarter. Lawson Kroeker Investment Management Inc. NE now owns 74,614 shares of the financial services provider’s stock valued at $3,049,000 after purchasing an additional 828 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Down 0.2 %

NYSE WFC traded down $0.15 on Tuesday, reaching $60.95. The stock had a trading volume of 21,678,006 shares, compared to its average volume of 19,048,328. 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 1 year low of $36.40 and a 1 year high of $61.76. The business has a 50 day moving average price of $56.37 and a 200 day moving average price of $49.26. The company has a market capitalization of $215.79 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 1.17 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results 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 business had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same period in the previous year, the company earned $1.23 EPS. The firm’s revenue was up .6% on a year-over-year basis. On average, analysts forecast that Wells Fargo & Company will post 5.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WFC. HSBC increased their target price on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Robert W. Baird reiterated a “neutral” rating and set a $55.00 price objective on shares of Wells Fargo & Company in a research report on Monday, January 8th. Morgan Stanley lifted their target price on Wells Fargo & Company from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. The Goldman Sachs Group upped their target price on Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Argus boosted their price objective on Wells Fargo & Company from $57.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Thirteen research analysts have rated the stock with a hold rating, six have given 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 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.