Raymond James Trust N.A. raised its stake in shares of Wells Fargo & Co (NYSE:WFC) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,203 shares of the financial services provider’s stock after purchasing an additional 10,149 shares during the quarter. Raymond James Trust N.A.’s holdings in Wells Fargo & Co were worth $14,322,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Little House Capital LLC grew its position in Wells Fargo & Co by 372.8% during the second quarter. Little House Capital LLC now owns 149,639 shares of the financial services provider’s stock valued at $7,081,000 after buying an additional 117,987 shares during the period. City Holding Co. grew its position in Wells Fargo & Co by 1.3% during the third 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 period. Hedeker Wealth LLC grew its position in Wells Fargo & Co by 3.6% during the third 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 period. MACRO Consulting Group grew its position in Wells Fargo & Co by 1.9% during the third 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 period. Finally, Violich Capital Management Inc. grew its position in Wells Fargo & Co by 7.6% during the third 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 period. Institutional investors and hedge funds own 75.64% of the company’s stock.

WFC traded down $2.81 during midday trading on Tuesday, hitting $49.30. 56,661,966 shares of the company traded hands, compared to its average volume of 21,290,297. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $222.04 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.15 and a beta of 1.11. Wells Fargo & Co has a 52-week low of $43.34 and a 52-week high of $54.75. The business has a 50 day simple moving average of $53.64 and a two-hundred day simple moving average of $49.97.

Wells Fargo & Co (NYSE:WFC) last posted 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). The company had revenue of $22.01 billion for the quarter, compared to analysts’ expectations of $21.32 billion. Wells Fargo & Co had a net margin of 21.67% and a return on equity of 13.01%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 earnings per share. Equities research analysts anticipate that Wells Fargo & Co will post 4.53 earnings per share for the current year.

Several analysts recently commented on the stock. BMO Capital Markets dropped their price target on shares of Wells Fargo & Co from $59.00 to $57.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 16th. Raymond James lowered shares of Wells Fargo & Co from a “market perform” rating to an “underperform” rating in a research report on Monday, December 2nd. Citigroup raised their price target on shares of Wells Fargo & Co from $48.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Argus upgraded shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, September 30th. Finally, Morgan Stanley dropped their price target on shares of Wells Fargo & Co from $57.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Monday, December 23rd. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company. Wells Fargo & Co currently has a consensus rating of “Hold” and a consensus price target of $50.61.

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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