PDS Planning Inc Sells 1,141 Shares of Wells Fargo & Company (NYSE:WFC)

PDS Planning Inc cut its stake in shares of Wells Fargo & Company (NYSE:WFC) by 12.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,825 shares of the financial services provider’s stock after selling 1,141 shares during the quarter. PDS Planning Inc’s holdings in Wells Fargo & Company were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. 1900 Wealth Management LLC grew its stake in shares of Wells Fargo & Company by 13.8% during the 4th quarter. 1900 Wealth Management LLC now owns 10,222 shares of the financial services provider’s stock valued at $503,000 after acquiring an additional 1,241 shares during the period. Aspire Private Capital LLC boosted its stake in Wells Fargo & Company by 3.0% in the 4th quarter. Aspire Private Capital LLC now owns 23,039 shares of the financial services provider’s stock worth $1,134,000 after purchasing an additional 678 shares during the period. RWA Wealth Partners LLC boosted its stake in Wells Fargo & Company by 4,156.7% in the 4th quarter. RWA Wealth Partners LLC now owns 324,018 shares of the financial services provider’s stock worth $15,948,000 after purchasing an additional 316,406 shares during the period. Stock Yards Bank & Trust Co. boosted its stake in Wells Fargo & Company by 4.4% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 15,849 shares of the financial services provider’s stock worth $780,000 after purchasing an additional 665 shares during the period. Finally, Diversified LLC bought a new position in Wells Fargo & Company in the 4th quarter worth approximately $296,000. 75.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WFC has been the subject of several recent analyst reports. Robert W. Baird restated a “neutral” rating and issued a $55.00 price target on shares of Wells Fargo & Company in a research note on Monday, January 8th. Evercore ISI upped their price target on Wells Fargo & Company from $58.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Oppenheimer restated a “market perform” rating on shares of Wells Fargo & Company in a research note on Monday, April 15th. Odeon Capital Group cut Wells Fargo & Company from a “buy” rating to a “hold” rating and set a $48.80 price objective on the stock. in a report on Thursday, January 18th. Finally, HSBC upped their price objective on Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Thirteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $58.85.

Wells Fargo & Company Trading Up 0.8 %

WFC stock traded up $0.51 during midday trading on Tuesday, reaching $61.61. The company’s stock had a trading volume of 6,089,617 shares, compared to its average volume of 18,840,104. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a fifty day simple moving average of $56.12 and a two-hundred day simple moving average of $49.12. Wells Fargo & Company has a 1 year low of $36.40 and a 1 year high of $61.76. The firm has a market capitalization of $218.12 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.17 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share 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 business had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same quarter last year, the firm posted $1.23 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts predict that Wells Fargo & Company will post 5.06 EPS for the current year.

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.