Marquette Asset Management LLC Sells 656 Shares of Wells Fargo & Company (NYSE:WFC)

Marquette Asset Management LLC lowered its stake in shares of Wells Fargo & Company (NYSE:WFC) by 20.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,505 shares of the financial services provider’s stock after selling 656 shares during the quarter. Marquette Asset Management LLC’s holdings in Wells Fargo & Company were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wells Fargo & Company Stock Performance

WFC traded down $0.02 during midday trading on Friday, reaching $59.91. The company had a trading volume of 18,785,900 shares, compared to its average volume of 18,078,044. The business has a 50-day moving average of $56.93 and a two-hundred day moving average of $49.63. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 1.14. Wells Fargo & Company has a 1 year low of $36.40 and a 1 year high of $61.76. The company has a market cap of $212.11 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.16 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 (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same period in the prior year, the firm posted $1.23 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, equities research analysts predict that Wells Fargo & Company will post 5.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WFC shares. 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. HSBC raised their price target on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Raymond James boosted their price objective on shares of Wells Fargo & Company from $55.00 to $58.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 16th. Oppenheimer restated a “market perform” rating on shares of Wells Fargo & Company in a report on Monday, April 15th. Finally, Jefferies Financial Group boosted their target price on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Thirteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.