Lebenthal Global Advisors LLC Purchases 433 Shares of Wells Fargo & Company (NYSE:WFC)

Lebenthal Global Advisors LLC boosted its holdings in Wells Fargo & Company (NYSE:WFC) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,109 shares of the financial services provider’s stock after buying an additional 433 shares during the period. Lebenthal Global Advisors LLC’s holdings in Wells Fargo & Company were worth $1,061,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WFC. Income Research & Management bought a new stake in Wells Fargo & Company during the 3rd quarter valued at approximately $211,000. Mattson Financial Services LLC purchased a new stake in Wells Fargo & Company during the 2nd quarter valued at approximately $25,000. Modus Advisors LLC bought a new stake in shares of Wells Fargo & Company during the fourth quarter valued at approximately $30,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Wells Fargo & Company during the second quarter valued at approximately $26,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Wells Fargo & Company in the fourth quarter worth $32,000. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Performance

Shares of NYSE:WFC opened at $77.90 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 12 month low of $47.45 and a 12 month high of $78.30. The company has a market capitalization of $259.37 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.17 and a beta of 1.18. The firm’s 50-day moving average is $73.19 and its 200 day moving average is $64.10.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm had revenue of $20.38 billion for the quarter, compared to analysts’ expectations of $20.58 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. Research analysts predict that Wells Fargo & Company will post 5.84 EPS for the current year.

Wall Street Analyst Weigh In

WFC has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. The Goldman Sachs Group lifted their target price on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Evercore ISI boosted their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Wolfe Research upgraded Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Tuesday, October 8th. Finally, Barclays upped their price objective on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Wells Fargo & Company has a consensus rating of “Hold” and a consensus price target of $73.39.

About Wells Fargo & Company

Wells Fargo & 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.