Wynn Capital LLC Makes New $2.07 Million Investment in Wells Fargo & Company (NYSE:WFC)

Wynn Capital LLC bought a new position in shares of Wells Fargo & Company (NYSE:WFC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 41,989 shares of the financial services provider’s stock, valued at approximately $2,067,000. Wells Fargo & Company makes up approximately 1.7% of Wynn Capital LLC’s portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter valued at about $25,000. Arlington Trust Co LLC acquired a new stake in shares of Wells Fargo & Company in the 4th quarter valued at about $25,000. Leith Wheeler Investment Counsel Ltd. raised its stake 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 valued at $26,000 after purchasing an additional 356,620 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in shares of Wells Fargo & Company in the 4th quarter valued at about $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $32,000. 75.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Compass Point reaffirmed a “neutral” rating and issued a $64.00 target price on shares of Wells Fargo & Company in a research report on Tuesday, April 9th. Evercore ISI boosted their price target on Wells Fargo & Company from $58.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Argus boosted their price target on Wells Fargo & Company from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Barclays boosted their price target on Wells Fargo & Company from $54.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, StockNews.com raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Thirteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Wells Fargo & Company currently has an average rating of “Hold” and an average price target of $58.85.

Wells Fargo & Company Price Performance

Shares of WFC stock traded down $0.34 during trading hours on Wednesday, reaching $60.61. The company’s stock had a trading volume of 19,723,388 shares, compared to its average volume of 19,057,547. The firm’s 50 day simple moving average is $56.37 and its 200-day simple moving average is $49.26. The company has a market capitalization of $214.57 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.18 and a beta of 1.19. Wells Fargo & Company has a fifty-two week low of $36.40 and a fifty-two week high of $61.76. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 1.14.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share 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 the consensus estimate of $20.19 billion. During the same quarter last year, the business posted $1.23 EPS. The company’s revenue was up .6% compared to the same quarter last year. Sell-side analysts forecast that Wells Fargo & Company will post 5.06 earnings per share for the current year.

Wells Fargo & 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.