Register Financial Advisors LLC Sells 196 Shares of Wells Fargo & Company (NYSE:WFC)

Register Financial Advisors LLC reduced its stake in shares of Wells Fargo & Company (NYSE:WFC) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,236 shares of the financial services provider’s stock after selling 196 shares during the quarter. Register Financial Advisors LLC’s holdings in Wells Fargo & Company were worth $368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Drive Wealth Management LLC increased its holdings in Wells Fargo & Company by 3.4% in the 4th quarter. Drive Wealth Management LLC now owns 24,972 shares of the financial services provider’s stock valued at $1,754,000 after buying an additional 823 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in Wells Fargo & Company during the fourth quarter valued at approximately $35,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Wells Fargo & Company by 5.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,758 shares of the financial services provider’s stock worth $1,599,000 after purchasing an additional 1,253 shares during the last quarter. SWP Financial LLC acquired a new stake in shares of Wells Fargo & Company in the 4th quarter valued at $253,000. Finally, Clarendon Private LLC acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth $847,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

WFC has been the topic of several research analyst reports. UBS Group raised their price objective on Wells Fargo & Company from $69.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, December 9th. The Goldman Sachs Group upped their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. 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 research report on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $61.00 price target on shares of Wells Fargo & Company in a report on Monday, October 14th. Finally, Evercore ISI raised 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. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.39.

Check Out Our Latest Stock Report on WFC

Wells Fargo & Company Price Performance

Shares of NYSE WFC opened at $77.23 on Monday. The firm has a market capitalization of $257.13 billion, a P/E ratio of 14.35, a P/E/G ratio of 1.17 and a beta of 1.18. The firm’s 50-day moving average price is $73.19 and its 200-day moving average price is $64.07. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 1-year low of $47.45 and a 1-year high of $78.30.

Wells Fargo & Company (NYSE:WFCGet Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.09. The business had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. Equities research analysts anticipate that Wells Fargo & Company will post 5.84 earnings per share for the current fiscal year.

Wells Fargo & Company Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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