Diversify Advisory Services LLC Sells 10,156 Shares of Wells Fargo & Company (NYSE:WFC)

Diversify Advisory Services LLC cut its holdings in Wells Fargo & Company (NYSE:WFC) by 37.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,215 shares of the financial services provider’s stock after selling 10,156 shares during the period. Diversify Advisory Services LLC’s holdings in Wells Fargo & Company were worth $1,204,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Edgestream Partners L.P. acquired a new position in shares of Wells Fargo & Company during the second quarter valued at about $272,000. Pacer Advisors Inc. raised its stake in shares of Wells Fargo & Company by 0.9% in the 2nd quarter. Pacer Advisors Inc. now owns 248,325 shares of the financial services provider’s stock valued at $14,748,000 after buying an additional 2,255 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Wells Fargo & Company by 1.1% during the 2nd quarter. ProShare Advisors LLC now owns 723,733 shares of the financial services provider’s stock worth $42,983,000 after acquiring an additional 7,748 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of Wells Fargo & Company by 51,610.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 20,684 shares of the financial services provider’s stock valued at $1,228,000 after purchasing an additional 20,644 shares during the period. Finally, Fairscale Capital LLC acquired a new position in shares of Wells Fargo & Company in the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Trading Up 1.7 %

NYSE:WFC opened at $77.22 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a 1-year low of $46.12 and a 1-year high of $78.13. The firm has a market capitalization of $257.11 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.39 and a beta of 1.18. The business’s 50-day moving average price is $72.74 and its two-hundred day moving average price is $63.48.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a net margin of 14.43% and a return on equity of 12.25%. The business had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. During the same quarter last year, the firm earned $0.86 EPS. Wells Fargo & Company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that Wells Fargo & Company will post 5.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WFC shares. The Goldman Sachs Group upped their price target on Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Evercore ISI lifted their price target on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays upped their price objective on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Wolfe Research upgraded shares of Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Tuesday, October 8th. Finally, Citigroup increased their price target on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Wells Fargo & Company presently has an average rating of “Hold” and a consensus price target of $73.39.

About Wells Fargo & Company

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.