Altium Wealth Management LLC Has $2.08 Million Holdings in Wells Fargo & Co (NYSE:WFC)

Altium Wealth Management LLC boosted its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 9.9% in the fourth quarter, HoldingsChannel reports. The fund owned 38,689 shares of the financial services provider’s stock after buying an additional 3,498 shares during the quarter. Altium Wealth Management LLC’s holdings in Wells Fargo & Co were worth $2,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Little House Capital LLC boosted its position in Wells Fargo & Co by 372.8% during the 2nd quarter. Little House Capital LLC now owns 149,639 shares of the financial services provider’s stock worth $7,081,000 after acquiring an additional 117,987 shares during the period. City Holding Co. lifted its holdings in shares of Wells Fargo & Co by 1.3% during the 3rd quarter. City Holding Co. now owns 63,141 shares of the financial services provider’s stock valued at $3,184,000 after buying an additional 816 shares during the last quarter. Hedeker Wealth LLC lifted its holdings in shares of Wells Fargo & Co by 3.6% during the 3rd quarter. Hedeker Wealth LLC now owns 23,001 shares of the financial services provider’s stock valued at $1,160,000 after buying an additional 801 shares during the last quarter. MACRO Consulting Group lifted its holdings in shares of Wells Fargo & Co by 1.9% during the 3rd quarter. MACRO Consulting Group now owns 33,498 shares of the financial services provider’s stock valued at $1,686,000 after buying an additional 624 shares during the last quarter. Finally, Violich Capital Management Inc. lifted its holdings in shares of Wells Fargo & Co by 7.6% during the 3rd quarter. Violich Capital Management Inc. now owns 28,275 shares of the financial services provider’s stock valued at $1,426,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 75.64% of the company’s stock.

WFC traded down $0.42 on Friday, hitting $48.83. The company had a trading volume of 6,264,567 shares, compared to its average volume of 25,103,107. The company’s fifty day moving average price is $53.33 and its 200 day moving average price is $50.00. Wells Fargo & Co has a 1-year low of $43.34 and a 1-year high of $54.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.87 and a quick ratio of 0.85. The stock has a market cap of $208.51 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.07 and a beta of 1.11.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Tuesday, January 14th. The financial services provider reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.17). Wells Fargo & Co had a return on equity of 12.11% and a net margin of 18.81%. The company had revenue of $19.86 billion during the quarter, compared to analyst estimates of $20.11 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that Wells Fargo & Co will post 4.29 EPS for the current year.

Several equities research analysts have recently issued reports on WFC shares. Credit Suisse Group reduced their price target on Wells Fargo & Co from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday. Raymond James lowered Wells Fargo & Co from a “market perform” rating to an “underperform” rating in a report on Monday, December 2nd. Argus upgraded Wells Fargo & Co from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, September 30th. Royal Bank of Canada lowered Wells Fargo & Co from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $48.00 to $42.00 in a report on Thursday. Finally, Robert W. Baird lowered Wells Fargo & Co from a “neutral” rating to an “underperform” rating and set a $50.00 price target for the company. in a report on Thursday, January 2nd. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $49.88.

Wells Fargo & Co Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services.

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Institutional Ownership by Quarter for Wells Fargo & Co (NYSE:WFC)

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