B.O.S.S. Retirement Advisors LLC Acquires 37,877 Shares of Wells Fargo & Company (NYSE:WFC)

B.O.S.S. Retirement Advisors LLC grew its stake in Wells Fargo & Company (NYSE:WFC) by 473.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,877 shares of the financial services provider’s stock after purchasing an additional 37,877 shares during the quarter. Wells Fargo & Company makes up approximately 0.9% of B.O.S.S. Retirement Advisors LLC’s investment portfolio, making the stock its 24th largest holding. B.O.S.S. Retirement Advisors LLC’s holdings in Wells Fargo & Company were worth $3,222,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mattson Financial Services LLC bought a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Wells Fargo & Company during the second quarter worth about $26,000. Truvestments Capital LLC acquired a new stake in Wells Fargo & Company during the third quarter worth about $29,000. Modus Advisors LLC bought a new position in Wells Fargo & Company in the 4th quarter valued at about $30,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Wells Fargo & Company during the fourth quarter worth $32,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC opened at $77.23 on Friday. The firm’s 50-day moving average price is $73.19 and its 200-day moving average price is $64.04. Wells Fargo & Company has a 52-week low of $47.45 and a 52-week high of $78.30. The company has a market cap of $257.13 billion, a PE ratio of 14.35, a PEG ratio of 1.17 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The firm had revenue of $20.38 billion for the quarter, compared to the consensus estimate of $20.58 billion. During the same period last year, the firm earned $0.86 EPS. The company’s revenue was down .5% on a year-over-year basis. As a group, analysts anticipate that Wells Fargo & Company will post 5.84 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on WFC. Morgan Stanley lifted their target price on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Evercore ISI increased their price objective on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $61.00 price target on shares of Wells Fargo & Company in a research note on Monday, October 14th. Piper Sandler raised their price objective on Wells Fargo & Company from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Wolfe Research raised Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.39.

Wells Fargo & Company Profile

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.