Wells Fargo & Company (NYSE:WFC) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. reduced its position in Wells Fargo & Company (NYSE:WFC) by 10.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,592 shares of the financial services provider’s stock after selling 2,318 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Wells Fargo & Company were worth $1,376,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Mattson Financial Services LLC purchased a new stake in Wells Fargo & Company in the 2nd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Wells Fargo & Company in the second quarter valued at approximately $26,000. Truvestments Capital LLC acquired a new position in Wells Fargo & Company during the third quarter worth $29,000. Modus Advisors LLC purchased a new position in Wells Fargo & Company in the fourth quarter worth $30,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Wells Fargo & Company in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a report on Friday, December 6th. Keefe, Bruyette & Woods boosted their price target on Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Barclays raised their price objective on Wells Fargo & Company from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $61.00 target price on shares of Wells Fargo & Company in a research report on Monday, October 14th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Stock Performance

Wells Fargo & Company stock opened at $77.23 on Friday. The stock has a fifty day moving average price of $73.19 and a 200 day moving average price of $64.04. Wells Fargo & Company has a 52 week low of $47.45 and a 52 week high of $78.30. The firm has a market capitalization of $257.13 billion, a P/E ratio of 14.35, a PEG ratio of 1.17 and a beta of 1.18. 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 (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, topping 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 business had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. During the same period in the prior year, the firm posted $0.86 EPS. The company’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that Wells Fargo & Company will post 5.84 earnings per share for the current year.

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.