Schwarz Dygos Wheeler Investment Advisors LLC Reduces Position in Wells Fargo & Company (NYSE:WFC)

Schwarz Dygos Wheeler Investment Advisors LLC reduced its position in shares of Wells Fargo & Company (NYSE:WFC) by 15.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,404 shares of the financial services provider’s stock after selling 7,447 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Wells Fargo & Company were worth $1,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arlington Trust Co LLC purchased a new stake in shares of Wells Fargo & Company during the 4th quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new stake in Wells Fargo & Company during the 4th quarter worth $29,000. Fortis Group Advisors LLC purchased a new stake in Wells Fargo & Company in the third quarter valued at $25,000. Wetzel Investment Advisors Inc. acquired a new position in Wells Fargo & Company in the fourth quarter valued at $32,000. Finally, Bfsg LLC purchased a new position in shares of Wells Fargo & Company during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays raised their price target on Wells Fargo & Company from $54.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Evercore ISI upped their price target on shares of Wells Fargo & Company from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Citigroup reissued a “neutral” rating and set a $63.00 price objective (up from $57.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 20th. HSBC upped their target price 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. Finally, StockNews.com raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Thirteen investment 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $58.85.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC traded down $0.02 on Friday, reaching $59.91. 18,785,900 shares of the company were exchanged, compared to its average volume of 18,078,044. 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 1-year low of $36.40 and a 1-year high of $61.76. The company has a 50-day moving average of $56.93 and a 200-day moving average of $49.56. The firm has a market cap of $212.11 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly 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. The business had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 EPS. Equities analysts forecast that Wells Fargo & Company will post 5.06 earnings per share for the current fiscal year.

Wells Fargo & Company 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.