Schwarz Dygos Wheeler Investment Advisors LLC Reduces Stock Holdings in Wells Fargo & Company (NYSE:WFC)

Schwarz Dygos Wheeler Investment Advisors LLC lessened its holdings in Wells Fargo & Company (NYSE:WFC) by 15.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,404 shares of the financial services provider’s stock after selling 7,447 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Wells Fargo & Company were worth $1,989,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WFC. Exchange Traded Concepts LLC increased its holdings in Wells Fargo & Company by 12.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,754 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 424 shares in the last quarter. Boston Trust Walden Corp increased its stake in Wells Fargo & Company by 7.4% in the 3rd quarter. Boston Trust Walden Corp now owns 14,515 shares of the financial services provider’s stock worth $593,000 after buying an additional 1,000 shares in the last quarter. CX Institutional raised its holdings in Wells Fargo & Company by 2.6% during the third quarter. CX Institutional now owns 20,063 shares of the financial services provider’s stock valued at $820,000 after acquiring an additional 500 shares during the period. Zullo Investment Group Inc. boosted its stake in shares of Wells Fargo & Company by 3.7% in the third quarter. Zullo Investment Group Inc. now owns 7,064 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 253 shares during the period. Finally, MCF Advisors LLC grew its position in shares of Wells Fargo & Company by 3.1% during the third quarter. MCF Advisors LLC now owns 9,376 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 282 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Citigroup reiterated a “neutral” rating and issued a $63.00 target price (up from $57.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 20th. The Goldman Sachs Group raised their price target on Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 1st. Compass Point reiterated a “neutral” rating and set a $64.00 target price on shares of Wells Fargo & Company in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $51.00 price target on shares of Wells Fargo & Company in a research report on Tuesday, January 9th. Thirteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.85.

Wells Fargo & Company Stock Down 0.0 %

Shares of WFC stock traded down $0.02 during mid-day trading on Friday, hitting $59.91. 18,785,900 shares of the stock traded hands, compared to its average volume of 18,078,044. Wells Fargo & Company has a 52-week low of $36.40 and a 52-week high of $61.76. The stock has a market cap of $212.11 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.16 and a beta of 1.19. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.87 and a quick ratio of 0.86. The stock’s fifty day moving average is $56.93 and its two-hundred day moving average is $49.56.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.10 by $0.10. The firm had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 EPS. Equities analysts predict that Wells Fargo & Company will post 5.06 EPS for the current 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.