Wells Fargo & Company (NYSE:WFC) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP decreased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,558,451 shares of the financial services provider’s stock after selling 12,510 shares during the quarter. Yacktman Asset Management LP owned approximately 0.07% of Wells Fargo & Company worth $125,927,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Fortis Group Advisors LLC bought a new stake in shares of Wells Fargo & Company in the 3rd quarter worth approximately $25,000. Arlington Trust Co LLC acquired a new position in shares of Wells Fargo & Company during the fourth quarter valued at $25,000. Leith Wheeler Investment Counsel Ltd. increased its holdings in shares of Wells Fargo & Company by 208.0% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 356,620 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in Wells Fargo & Company in the 4th quarter valued at about $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Wells Fargo & Company during the fourth quarter worth approximately $32,000. Institutional investors own 75.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on WFC. StockNews.com upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Compass Point restated a “neutral” rating and issued a $64.00 price target on shares of Wells Fargo & Company in a research report on Tuesday, April 9th. Oppenheimer restated a “market perform” rating on shares of Wells Fargo & Company in a research report on Monday, April 15th. Odeon Capital Group downgraded shares of Wells Fargo & Company from a “buy” rating to a “hold” rating and set a $48.80 target price for the company. in a research report on Thursday, January 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 1st. Thirteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wells Fargo & Company has an average rating of “Hold” and an average price target of $58.85.

Wells Fargo & Company Stock Performance

Wells Fargo & Company stock traded up $0.40 on Friday, reaching $60.33. 12,079,612 shares of the stock were exchanged, compared to its average volume of 19,026,051. The stock has a market cap of $213.59 billion, a PE ratio of 12.53, a PEG ratio of 1.17 and a beta of 1.19. The firm has a fifty day moving average price of $56.77 and a two-hundred day moving average price of $49.42. Wells Fargo & Company has a twelve month low of $36.40 and a twelve month high of $61.76. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 1.14.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The firm had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same quarter last year, the firm posted $1.23 EPS. The company’s revenue was up .6% on a year-over-year basis. Sell-side analysts anticipate that Wells Fargo & Company will post 5.06 EPS for the current year.

Wells Fargo & Company 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.