Capital Insight Partners LLC Has $206,000 Stock Position in Wells Fargo & Co (NYSE:WFC)

Capital Insight Partners LLC reduced its position in shares of Wells Fargo & Co (NYSE:WFC) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,834 shares of the financial services provider’s stock after selling 269 shares during the quarter. Capital Insight Partners LLC’s holdings in Wells Fargo & Co were worth $206,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kanawha Capital Management LLC boosted its holdings in shares of Wells Fargo & Co by 0.9% during the second quarter. Kanawha Capital Management LLC now owns 205,617 shares of the financial services provider’s stock worth $9,730,000 after purchasing an additional 1,854 shares during the period. Lehman & Derafelo Financial Resources LLC boosted its holdings in shares of Wells Fargo & Co by 50.5% during the second quarter. Lehman & Derafelo Financial Resources LLC now owns 8,940 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 3,000 shares during the period. Kamunting Street Capital Management L.P. boosted its holdings in shares of Wells Fargo & Co by 57.1% during the second quarter. Kamunting Street Capital Management L.P. now owns 165,000 shares of the financial services provider’s stock worth $7,808,000 after purchasing an additional 60,000 shares during the period. Colony Group LLC boosted its holdings in shares of Wells Fargo & Co by 163.5% during the second quarter. Colony Group LLC now owns 189,680 shares of the financial services provider’s stock worth $8,976,000 after purchasing an additional 117,703 shares during the period. Finally, Chartwell Investment Partners LLC boosted its holdings in shares of Wells Fargo & Co by 2.5% during the second quarter. Chartwell Investment Partners LLC now owns 88,788 shares of the financial services provider’s stock worth $4,201,000 after purchasing an additional 2,184 shares during the period. 75.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of WFC traded down $0.42 on Monday, hitting $47.15. 12,228,462 shares of the stock traded hands, compared to its average volume of 20,951,724. The company has a market capitalization of $201.19 billion, a PE ratio of 11.73, a P/E/G ratio of 1.08 and a beta of 1.11. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.85 and a current ratio of 0.87. The business has a 50 day simple moving average of $52.51 and a 200 day simple moving average of $50.05. Wells Fargo & Co has a one year low of $43.34 and a one year high of $54.75.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Tuesday, January 14th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $20.11 billion. During the same period last year, the firm posted $1.21 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities analysts expect that Wells Fargo & Co will post 4.12 earnings per share for the current year.

Several analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Wells Fargo & Co from $56.00 to $51.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. ValuEngine upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Piper Sandler lowered shares of Wells Fargo & Co from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $60.00 to $52.00 in a report on Wednesday, January 15th. Credit Suisse Group decreased their target price on shares of Wells Fargo & Co from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada downgraded shares of Wells Fargo & Co from a “sector perform” rating to an “underperform” rating and decreased their target price for the company from $48.00 to $42.00 in a research note on Thursday, January 16th. 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 stock. The stock currently has an average rating of “Hold” and a consensus price target 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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