Unique Wealth Strategies LLC Acquires Shares of 18,657 Wells Fargo & Company (NYSE:WFC)

Unique Wealth Strategies LLC bought a new position in Wells Fargo & Company (NYSE:WFC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,657 shares of the financial services provider’s stock, valued at approximately $918,000.

A number of other large investors have also made changes to their positions in WFC. Northern Trust Corp grew its position in Wells Fargo & Company by 0.3% during the 3rd quarter. Northern Trust Corp now owns 38,197,624 shares of the financial services provider’s stock worth $1,560,755,000 after purchasing an additional 129,300 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Wells Fargo & Company by 1.9% during the third quarter. Pzena Investment Management LLC now owns 18,269,318 shares of the financial services provider’s stock valued at $746,484,000 after buying an additional 335,560 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in Wells Fargo & Company by 2.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 7,749,883 shares of the financial services provider’s stock valued at $316,660,000 after buying an additional 221,459 shares during the period. Van ECK Associates Corp grew its stake in Wells Fargo & Company by 19.4% during the 3rd quarter. Van ECK Associates Corp now owns 7,103,120 shares of the financial services provider’s stock valued at $290,234,000 after acquiring an additional 1,156,106 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Wells Fargo & Company by 42.7% during the fourth quarter. Nordea Investment Management AB now owns 5,780,421 shares of the financial services provider’s stock worth $285,668,000 after purchasing an additional 1,729,132 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC traded down $0.02 during trading hours on Friday, hitting $59.91. 18,785,900 shares of the company’s stock were exchanged, compared to its average volume of 18,078,044. The stock has a market capitalization of $212.11 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.16 and a beta of 1.19. The company’s 50-day moving average price is $56.93 and its 200-day moving average price is $49.56. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.87 and a quick ratio of 0.86. Wells Fargo & Company has a 1-year low of $36.40 and a 1-year high of $61.76.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, topping 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 company had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same period in the previous year, the company earned $1.23 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, sell-side analysts expect that Wells Fargo & Company will post 5.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WFC shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $51.00 target price on shares of Wells Fargo & Company in a research note on Tuesday, January 9th. The Goldman Sachs Group boosted their target price on Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Citigroup reaffirmed a “neutral” rating and set a $63.00 price target (up from $57.00) on shares of Wells Fargo & Company in a research note on Wednesday, March 20th. StockNews.com raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Finally, HSBC raised their price objective on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Thirteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wells Fargo & Company currently has a consensus rating of “Hold” and an average price target of $58.85.

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.