Unique Wealth Strategies LLC Purchases New Holdings in Wells Fargo & Company (NYSE:WFC)

Unique Wealth Strategies LLC bought a new stake in Wells Fargo & Company (NYSE:WFC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,657 shares of the financial services provider’s stock, valued at approximately $918,000.

A number of other large investors have also recently added to or reduced their stakes in WFC. Northern Trust Corp increased its position in Wells Fargo & Company by 0.3% during the third quarter. Northern Trust Corp now owns 38,197,624 shares of the financial services provider’s stock worth $1,560,755,000 after buying an additional 129,300 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Wells Fargo & Company by 1.9% during the 3rd quarter. Pzena Investment Management LLC now owns 18,269,318 shares of the financial services provider’s stock worth $746,484,000 after acquiring an additional 335,560 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Wells Fargo & Company by 2.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 7,749,883 shares of the financial services provider’s stock valued at $316,660,000 after purchasing an additional 221,459 shares during the last quarter. Van ECK Associates Corp boosted its position in Wells Fargo & Company by 19.4% during the third quarter. Van ECK Associates Corp now owns 7,103,120 shares of the financial services provider’s stock worth $290,234,000 after purchasing an additional 1,156,106 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Wells Fargo & Company by 42.7% in the fourth quarter. Nordea Investment Management AB now owns 5,780,421 shares of the financial services provider’s stock valued at $285,668,000 after purchasing an additional 1,729,132 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on WFC shares. The Goldman Sachs Group lifted their target price on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Morgan Stanley lifted their price target on Wells Fargo & Company from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Raymond James upped their price objective on Wells Fargo & Company from $55.00 to $58.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 16th. 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. Finally, Compass Point reissued a “neutral” rating and issued a $64.00 target price on shares of Wells Fargo & Company in a research report on Tuesday, April 9th. Thirteen equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $58.85.

Wells Fargo & Company Price Performance

WFC traded down $0.02 during trading on Friday, hitting $59.91. 18,785,900 shares of the stock traded hands, compared to its average volume of 18,078,044. The business has a 50 day moving average price of $56.93 and a 200 day moving average price of $49.56. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.87 and a quick ratio of 0.86. Wells Fargo & Company has a twelve month low of $36.40 and a twelve month high of $61.76. The company has a market cap of $212.11 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.16 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last issued 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 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 company posted $1.23 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts forecast that Wells Fargo & Company will post 5.06 earnings per share for the current fiscal year.

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.