Bartlett & CO. Wealth Management LLC Sells 826 Shares of Wells Fargo & Company (NYSE:WFC)

Bartlett & CO. Wealth Management LLC lowered its position in Wells Fargo & Company (NYSE:WFC) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,043 shares of the financial services provider’s stock after selling 826 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Wells Fargo & Company were worth $1,548,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WFC. Mattson Financial Services LLC bought a new stake in shares of Wells Fargo & Company in the second quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $26,000. Truvestments Capital LLC bought a new stake in Wells Fargo & Company during the 3rd quarter worth approximately $29,000. Modus Advisors LLC acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $30,000. Finally, Decker Retirement Planning Inc. bought a new position in Wells Fargo & Company in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WFC. UBS Group raised their price objective on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Phillip Securities upgraded shares of Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and increased their target price for the stock from $60.83 to $65.00 in a report on Tuesday, October 15th. Morgan Stanley lifted their price target on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Truist Financial increased their price objective on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their target price on Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Wells Fargo & Company currently has a consensus rating of “Hold” and an average price target of $73.39.

Wells Fargo & Company Stock Down 0.1 %

Wells Fargo & Company stock opened at $77.49 on Friday. Wells Fargo & Company has a twelve month low of $47.45 and a twelve month high of $78.30. The stock has a market cap of $258.00 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.18 and a beta of 1.18. The company’s 50-day moving average price is $73.03 and its two-hundred day moving average price is $63.82. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07.

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

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.