Avior Wealth Management LLC Has $3.95 Million Stake in Wells Fargo & Company (NYSE:WFC)

Avior Wealth Management LLC lowered its stake in shares of Wells Fargo & Company (NYSE:WFC) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,215 shares of the financial services provider’s stock after selling 6,292 shares during the period. Avior Wealth Management LLC’s holdings in Wells Fargo & Company were worth $3,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of WFC. MinichMacGregor Wealth Management LLC boosted its stake in Wells Fargo & Company by 16.2% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 4,845 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 677 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in Wells Fargo & Company by 54.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 16,269 shares of the financial services provider’s stock worth $1,143,000 after purchasing an additional 5,734 shares during the period. Mutual Advisors LLC boosted its position in shares of Wells Fargo & Company by 27.5% during the fourth quarter. Mutual Advisors LLC now owns 24,198 shares of the financial services provider’s stock worth $1,838,000 after purchasing an additional 5,217 shares in the last quarter. Global Trust Asset Management LLC grew its holdings in shares of Wells Fargo & Company by 2.2% in the 4th quarter. Global Trust Asset Management LLC now owns 9,953 shares of the financial services provider’s stock valued at $699,000 after buying an additional 217 shares during the period. Finally, Advisory Alpha LLC increased its position in shares of Wells Fargo & Company by 6.9% in the 4th quarter. Advisory Alpha LLC now owns 6,273 shares of the financial services provider’s stock valued at $441,000 after buying an additional 405 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup lifted their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Evercore ISI lifted their price objective on Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $61.00 target price on shares of Wells Fargo & Company in a research note on Monday, October 14th. Wolfe Research upgraded shares of Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.39.

Wells Fargo & Company Trading Down 0.4 %

Wells Fargo & Company stock opened at $77.56 on Thursday. The stock has a 50-day simple moving average of $73.03 and a 200 day simple moving average of $63.82. The stock has a market capitalization of $258.23 billion, a P/E ratio of 14.42, a PEG ratio of 1.18 and a beta of 1.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. Wells Fargo & Company has a 52 week low of $47.45 and a 52 week high of $78.29.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts expect that Wells Fargo & Company will post 5.84 earnings per share for the current year.

Wells Fargo & Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.