Telemus Capital LLC Buys Shares of 4,515 Wells Fargo & Company (NYSE:WFC)

Telemus Capital LLC bought a new stake in Wells Fargo & Company (NYSE:WFC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,515 shares of the financial services provider’s stock, valued at approximately $222,000.

Several other institutional investors also recently bought and sold shares of the company. First Financial Corp IN boosted its stake in Wells Fargo & Company by 4.9% in the fourth quarter. First Financial Corp IN now owns 4,595 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 214 shares in the last quarter. CX Institutional raised its holdings in shares of Wells Fargo & Company by 1.1% in the fourth quarter. CX Institutional now owns 20,280 shares of the financial services provider’s stock worth $998,000 after buying an additional 217 shares during the last quarter. ERTS Wealth Advisors LLC raised its holdings in shares of Wells Fargo & Company by 3.5% in the fourth quarter. ERTS Wealth Advisors LLC now owns 6,733 shares of the financial services provider’s stock worth $331,000 after buying an additional 228 shares during the last quarter. Prio Wealth Limited Partnership raised its holdings in shares of Wells Fargo & Company by 1.7% in the fourth quarter. Prio Wealth Limited Partnership now owns 14,309 shares of the financial services provider’s stock worth $704,000 after buying an additional 233 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Wells Fargo & Company by 19.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 1,523 shares of the financial services provider’s stock worth $75,000 after buying an additional 244 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Compass Point reaffirmed a “neutral” rating and issued a $64.00 price target on shares of Wells Fargo & Company in a report on Tuesday, April 9th. HSBC raised their price target on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Jefferies Financial Group raised their price target on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Raymond James raised their price target on shares of Wells Fargo & Company from $55.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 16th. Finally, Argus raised their target price on shares of Wells Fargo & Company from $57.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Thirteen equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company has a consensus rating of “Hold” and a consensus price target of $58.85.

Wells Fargo & Company Stock Up 1.3 %

WFC opened at $61.12 on Tuesday. Wells Fargo & Company has a fifty-two week low of $36.40 and a fifty-two week high of $61.49. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. The company has a fifty day moving average of $56.12 and a two-hundred day moving average of $49.12. The stock has a market capitalization of $216.39 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.17 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $20.19 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts expect that Wells Fargo & Company will post 5.06 earnings per share for the current year.

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.