4,515 Shares in Wells Fargo & Company (NYSE:WFC) Purchased by Telemus Capital LLC

Telemus Capital LLC acquired a new stake in shares of Wells Fargo & Company (NYSE:WFC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,515 shares of the financial services provider’s stock, valued at approximately $222,000.

Other large investors have also bought and sold shares of the company. Fortis Group Advisors LLC bought a new stake in Wells Fargo & Company during the 3rd quarter valued at approximately $25,000. Arlington Trust Co LLC bought a new stake in shares of Wells Fargo & Company in the 4th quarter worth approximately $25,000. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Wells Fargo & Company by 208.0% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 356,620 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Wells Fargo & Company in the 4th quarter worth approximately $29,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Wells Fargo & Company in the 4th quarter worth approximately $32,000. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Price Performance

Shares of WFC opened at $61.12 on Tuesday. The firm has a market cap of $216.39 billion, a PE ratio of 12.76, a P/E/G ratio of 1.17 and a beta of 1.19. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 1.14. The firm 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 $61.49.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The firm had revenue of $20.86 billion during the quarter, compared to the consensus estimate of $20.19 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts anticipate that Wells Fargo & Company will post 5.06 EPS for the current year.

Wall Street Analysts Forecast Growth

WFC has been the topic of a number of analyst reports. HSBC boosted their price target on Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Barclays boosted their price target on Wells Fargo & Company from $54.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Argus boosted their price target on Wells Fargo & Company from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Raymond James boosted their price target on Wells Fargo & Company from $55.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 16th. Finally, Oppenheimer restated a “market perform” rating on shares of Wells Fargo & Company in a report on Monday, April 15th. Thirteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Hold” and a consensus target price of $58.85.

Wells Fargo & Company Profile

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.