Gould Asset Management LLC CA Takes Position in Wells Fargo & Company (NYSE:WFC)

Gould Asset Management LLC CA acquired a new stake in Wells Fargo & Company (NYSE:WFC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,157 shares of the financial services provider’s stock, valued at approximately $205,000.

Other hedge funds have also bought and sold shares of the company. Arlington Trust Co LLC bought a new position in Wells Fargo & Company during the fourth quarter worth about $25,000. Tennessee Valley Asset Management Partners bought a new position in Wells Fargo & Company during the fourth quarter worth about $29,000. Fortis Group Advisors LLC bought a new position in Wells Fargo & Company during the third quarter worth about $25,000. Wetzel Investment Advisors Inc. bought a new position in Wells Fargo & Company during the fourth quarter worth about $32,000. Finally, Bfsg LLC bought a new position in Wells Fargo & Company during the fourth quarter worth about $34,000. 75.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WFC has been the topic of a number of recent research reports. Evercore ISI raised their price target on shares of Wells Fargo & Company from $58.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Odeon Capital Group downgraded shares of Wells Fargo & Company from a “buy” rating to a “hold” rating and set a $48.80 price objective on the stock. in a research note on Thursday, January 18th. Oppenheimer reiterated a “market perform” rating on shares of Wells Fargo & Company in a research note on Monday, April 15th. Robert W. Baird reiterated a “neutral” rating and set a $55.00 price objective on shares of Wells Fargo & Company in a research note on Monday, January 8th. Finally, Barclays increased their price objective on shares of Wells Fargo & Company from $54.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Thirteen research 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 stock. Based on data from MarketBeat, Wells Fargo & Company has a consensus rating of “Hold” and a consensus price target of $58.85.

Wells Fargo & Company Trading Down 0.1 %

NYSE:WFC traded down $0.03 during mid-day trading on Friday, hitting $59.90. 18,782,274 shares of the company’s stock were exchanged, compared to its average volume of 19,114,766. The company has a 50 day simple moving average of $56.77 and a 200-day simple moving average of $49.42. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 1.14. Wells Fargo & Company has a fifty-two week low of $36.40 and a fifty-two week high of $61.76. The firm has a market capitalization of $212.07 billion, a P/E ratio of 12.53, a PEG ratio of 1.17 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Friday, April 12th. The financial services provider reported $1.20 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 business had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same period last year, the company earned $1.23 EPS. The firm’s revenue was up .6% compared to the same quarter last year. As a group, research analysts expect that Wells Fargo & Company will post 5.06 earnings per share for the current year.

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.