Transform Wealth LLC boosted its position in Wells Fargo & Co (NYSE:WFC) by 23.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,079 shares of the financial services provider’s stock after purchasing an additional 2,274 shares during the period. Transform Wealth LLC’s holdings in Wells Fargo & Co were worth $650,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WFC. Primecap Management Co. CA increased its position in shares of Wells Fargo & Co by 10.0% during the second quarter. Primecap Management Co. CA now owns 50,564,911 shares of the financial services provider’s stock valued at $2,392,732,000 after acquiring an additional 4,600,225 shares during the last quarter. Boston Partners boosted its position in Wells Fargo & Co by 7.2% in the third quarter. Boston Partners now owns 21,203,872 shares of the financial services provider’s stock worth $1,069,832,000 after purchasing an additional 1,417,096 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Wells Fargo & Co by 6.9% in the third quarter. Parametric Portfolio Associates LLC now owns 12,370,499 shares of the financial services provider’s stock worth $623,968,000 after purchasing an additional 796,884 shares during the last quarter. California Public Employees Retirement System boosted its position in Wells Fargo & Co by 25.4% in the third quarter. California Public Employees Retirement System now owns 9,574,833 shares of the financial services provider’s stock worth $482,955,000 after purchasing an additional 1,936,599 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Wells Fargo & Co by 1.3% in the 3rd quarter. Rhumbline Advisers now owns 6,990,197 shares of the financial services provider’s stock valued at $352,586,000 after purchasing an additional 92,770 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Several equities research analysts have recently issued reports on WFC shares. UBS Group decreased their target price on Wells Fargo & Co from $52.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Buckingham Research set a $47.00 price target on shares of Wells Fargo & Co and gave the stock a “hold” rating in a report on Monday, September 30th. Raymond James lowered shares of Wells Fargo & Co from a “market perform” rating to an “underperform” rating in a research report on Monday, December 2nd. Morgan Stanley decreased their price objective on shares of Wells Fargo & Co from $56.00 to $51.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Finally, Citigroup lifted their price objective on shares of Wells Fargo & Co from $48.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.88.

Shares of Wells Fargo & Co stock opened at $47.57 on Friday. The stock has a market capitalization of $203.94 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.09 and a beta of 1.11. Wells Fargo & Co has a 52-week low of $43.34 and a 52-week high of $54.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.85 and a current ratio of 0.87. The stock’s 50-day simple moving average is $52.51 and its 200 day simple moving average is $50.05.

Wells Fargo & Co (NYSE:WFC) last issued its earnings results on Tuesday, January 14th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.17). The business had revenue of $19.86 billion for the quarter, compared to the consensus estimate of $20.11 billion. Wells Fargo & Co had a return on equity of 12.11% and a net margin of 18.81%. Wells Fargo & Co’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 EPS. Equities research analysts forecast that Wells Fargo & Co will post 4.12 EPS for the current fiscal year.

Wells Fargo & Co Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services.

Featured Article: Monthly Dividend Stocks Can Provide Solid Income

Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Co (NYSE:WFC).

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

Receive News & Ratings for Wells Fargo & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co and related companies with MarketBeat.com's FREE daily email newsletter.