Wells Fargo & Company (NYSE:WFC) Shares Sold by Cetera Trust Company N.A

Cetera Trust Company N.A lessened its stake in shares of Wells Fargo & Company (NYSE:WFC) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,426 shares of the financial services provider’s stock after selling 222 shares during the quarter. Cetera Trust Company N.A’s holdings in Wells Fargo & Company were worth $1,435,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WFC. Global Trust Asset Management LLC raised its holdings in Wells Fargo & Company by 2.2% during the fourth quarter. Global Trust Asset Management LLC now owns 9,953 shares of the financial services provider’s stock worth $699,000 after purchasing an additional 217 shares in the last quarter. Advisory Alpha LLC increased its position in Wells Fargo & Company by 6.9% during the 4th quarter. Advisory Alpha LLC now owns 6,273 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 405 shares during the period. West Branch Capital LLC raised its stake in shares of Wells Fargo & Company by 53.3% during the 4th quarter. West Branch Capital LLC now owns 17,187 shares of the financial services provider’s stock worth $1,207,000 after buying an additional 5,979 shares in the last quarter. Braun Bostich & Associates Inc. acquired a new stake in shares of Wells Fargo & Company in the 4th quarter valued at approximately $246,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Wells Fargo & Company by 5.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 905,758 shares of the financial services provider’s stock valued at $63,620,000 after buying an additional 44,147 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $76.99 on Wednesday. The company has a market cap of $256.32 billion, a P/E ratio of 14.32, a P/E/G ratio of 1.16 and a beta of 1.18. The business has a fifty day simple moving average of $72.94 and a 200-day simple moving average of $63.72. Wells Fargo & Company has a 52 week low of $47.45 and a 52 week high of $78.29. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.34 by $0.09. The company had revenue of $20.38 billion during the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Equities research analysts forecast that Wells Fargo & Company will post 5.84 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on WFC shares. Keefe, Bruyette & Woods boosted their target price on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Truist Financial upped their target price on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Phillip Securities upgraded shares of Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and lifted their price target for the company from $60.83 to $65.00 in a research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $61.00 price objective on shares of Wells Fargo & Company in a research note on Monday, October 14th. Finally, Barclays lifted their price objective on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $73.39.

Wells Fargo & Company Profile

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.