Gould Asset Management LLC CA Takes $205,000 Position in Wells Fargo & Company (NYSE:WFC)

Gould Asset Management LLC CA purchased a new stake in shares of Wells Fargo & Company (NYSE:WFC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,157 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Van Cleef Asset Management Inc raised its holdings in shares of Wells Fargo & Company by 152.0% during the 4th quarter. Van Cleef Asset Management Inc now owns 16,582 shares of the financial services provider’s stock valued at $816,000 after purchasing an additional 10,001 shares in the last quarter. VCI Wealth Management LLC bought a new position in Wells Fargo & Company in the 4th quarter worth $773,000. Syon Capital LLC raised its holdings in Wells Fargo & Company by 10.3% in the 4th quarter. Syon Capital LLC now owns 18,015 shares of the financial services provider’s stock worth $887,000 after acquiring an additional 1,685 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in Wells Fargo & Company by 5.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 82,227 shares of the financial services provider’s stock worth $4,047,000 after acquiring an additional 4,532 shares during the period. Finally, Atria Wealth Solutions Inc. raised its holdings in Wells Fargo & Company by 3.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 101,401 shares of the financial services provider’s stock worth $4,991,000 after acquiring an additional 3,093 shares during the period. Institutional investors own 75.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on WFC. Odeon Capital Group downgraded shares of Wells Fargo & Company from a “buy” rating to a “hold” rating and set a $48.80 target price on the stock. in a report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $51.00 price target on shares of Wells Fargo & Company in a research report on Tuesday, January 9th. HSBC raised their price target on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Robert W. Baird restated a “neutral” rating and issued a $55.00 price target on shares of Wells Fargo & Company in a research report on Monday, January 8th. Finally, Jefferies Financial Group lifted their target price on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Thirteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wells Fargo & Company currently has a consensus rating of “Hold” and an average target price of $58.85.

Wells Fargo & Company Price Performance

NYSE:WFC traded down $0.03 on Friday, reaching $59.90. The stock had a trading volume of 18,782,274 shares, compared to its average volume of 19,114,766. The company has a market capitalization of $212.07 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. Wells Fargo & Company has a 1-year low of $36.40 and a 1-year 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. The stock has a fifty day moving average price of $56.77 and a 200-day moving average price of $49.42.

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

About Wells Fargo & Company

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.