Traphagen Investment Advisors LLC Has $415,000 Holdings in Wells Fargo & Company (NYSE:WFC)

Traphagen Investment Advisors LLC lowered its holdings in Wells Fargo & Company (NYSE:WFC) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,910 shares of the financial services provider’s stock after selling 532 shares during the period. Traphagen Investment Advisors LLC’s holdings in Wells Fargo & Company were worth $415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Simon Quick Advisors LLC grew its position in Wells Fargo & Company by 18.4% during the fourth quarter. Simon Quick Advisors LLC now owns 13,765 shares of the financial services provider’s stock worth $967,000 after buying an additional 2,138 shares in the last quarter. Beaumont Financial Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter worth $208,000. MCF Advisors LLC increased its position in shares of Wells Fargo & Company by 3.1% in the fourth quarter. MCF Advisors LLC now owns 7,748 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 235 shares during the period. Aspire Private Capital LLC raised its stake in Wells Fargo & Company by 1.3% in the fourth quarter. Aspire Private Capital LLC now owns 29,151 shares of the financial services provider’s stock valued at $2,048,000 after purchasing an additional 362 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Wells Fargo & Company by 13.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,225,100 shares of the financial services provider’s stock worth $86,051,000 after purchasing an additional 144,037 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $77.90 on Wednesday. The stock’s 50 day moving average is $72.83 and its 200 day moving average is $63.60. Wells Fargo & Company has a one year low of $47.45 and a one year high of $78.29. The firm has a market cap of $259.36 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.16 and a beta of 1.18. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85.

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

Analyst Upgrades and Downgrades

Several research firms have commented on WFC. Citigroup raised their target price on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. The Goldman Sachs Group boosted their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Morgan Stanley raised their target price on Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. UBS Group boosted their price target on Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised their price objective on Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $73.39.

About Wells Fargo & Company

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.