Addison Advisors LLC Buys 306 Shares of Wells Fargo & Company (NYSE:WFC)

Addison Advisors LLC boosted its stake in shares of Wells Fargo & Company (NYSE:WFC) by 27.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,409 shares of the financial services provider’s stock after acquiring an additional 306 shares during the quarter. Addison Advisors LLC’s holdings in Wells Fargo & Company were worth $69,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WFC. Arlington Trust Co LLC purchased a new position in shares of Wells Fargo & Company during the fourth quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Wells Fargo & Company during the fourth quarter valued at approximately $29,000. Fortis Group Advisors LLC purchased a new position in shares of Wells Fargo & Company during the third quarter valued at approximately $25,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Wells Fargo & Company during the fourth quarter valued at approximately $32,000. Finally, Bfsg LLC purchased a new position in shares of Wells Fargo & Company during the fourth quarter valued at approximately $34,000. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Down 0.0 %

Shares of WFC stock traded down $0.02 during trading hours on Friday, reaching $59.91. 18,785,900 shares of the company’s stock were exchanged, compared to its average volume of 18,078,044. The stock’s 50 day moving average is $56.93 and its 200-day moving average is $49.63. The company has a market cap of $212.11 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 1.16 and a beta of 1.19. 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.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.10. The business had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.19 billion. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 earnings per share. Analysts predict that Wells Fargo & Company will post 5.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WFC. Evercore ISI boosted their price target on Wells Fargo & Company from $58.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Argus boosted their price target on Wells Fargo & Company from $57.00 to $66.00 and gave the company a “buy” rating in a report on Monday, April 15th. Citigroup reiterated a “neutral” rating and issued a $63.00 price target (up previously from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. The Goldman Sachs Group boosted their price target on Wells Fargo & Company from $57.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $55.00 price target on shares of Wells Fargo & Company in a report on Monday, January 8th. Thirteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $58.85.

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.