Dubuque Bank & Trust Co. raised its position in shares of Wells Fargo & Co (NYSE:WFC) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,077 shares of the financial services provider’s stock after buying an additional 591 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Wells Fargo & Co were worth $1,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Horan Capital Advisors LLC. purchased a new position in shares of Wells Fargo & Co in the third quarter valued at $25,000. NuWave Investment Management LLC raised its stake in Wells Fargo & Co by 122.3% during the third quarter. NuWave Investment Management LLC now owns 798 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 439 shares in the last quarter. MV Capital Management Inc. lifted its position in Wells Fargo & Co by 49.3% during the third quarter. MV Capital Management Inc. now owns 803 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 265 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Wells Fargo & Co during the third quarter valued at $42,000. Finally, Bourgeon Capital Management LLC bought a new position in Wells Fargo & Co during the third quarter valued at $47,000. Institutional investors and hedge funds own 75.64% of the company’s stock.

WFC has been the topic of a number of research reports. Raymond James downgraded shares of Wells Fargo & Co from a “market perform” rating to an “underperform” rating in a report on Monday, December 2nd. Buckingham Research set a $47.00 price target on shares of Wells Fargo & Co and gave the company a “hold” rating in a report on Monday, September 30th. Morgan Stanley dropped their price target on Wells Fargo & Co from $57.00 to $56.00 and set an “equal weight” rating for the company in a research report on Monday, December 23rd. Credit Suisse Group boosted their price objective on Wells Fargo & Co from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Finally, Argus upgraded Wells Fargo & Co from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, September 30th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.61.

Wells Fargo & Co stock traded down $2.81 during midday trading on Tuesday, reaching $49.30. The stock had a trading volume of 56,661,966 shares, compared to its average volume of 21,290,297. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Wells Fargo & Co has a 52-week low of $43.34 and a 52-week high of $54.75. The firm has a market cap of $222.04 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.11. The company has a fifty day moving average of $53.64 and a 200 day moving average of $49.97.

Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.23). Wells Fargo & Co had a return on equity of 13.01% and a net margin of 21.67%. The firm had revenue of $22.01 billion during the quarter, compared to the consensus estimate of $21.32 billion. During the same period in the previous year, the business earned $1.13 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts predict that Wells Fargo & Co will post 4.53 EPS for the current year.

Wells Fargo & Co 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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