Guyasuta Investment Advisors Inc. Has $312,000 Stock Position in Wells Fargo & Company (NYSE:WFC)

Guyasuta Investment Advisors Inc. lowered its stake in Wells Fargo & Company (NYSE:WFC) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,331 shares of the financial services provider’s stock after selling 442 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Wells Fargo & Company were worth $312,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WFC. Exchange Traded Concepts LLC increased its position in shares of Wells Fargo & Company by 12.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,754 shares of the financial services provider’s stock valued at $153,000 after buying an additional 424 shares in the last quarter. PDS Planning Inc increased its holdings in Wells Fargo & Company by 3.1% during the 3rd quarter. PDS Planning Inc now owns 8,966 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 266 shares in the last quarter. Sweet Financial Partners LLC increased its holdings in Wells Fargo & Company by 11.7% during the 3rd quarter. Sweet Financial Partners LLC now owns 9,841 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 1,033 shares in the last quarter. QV Investors Inc. increased its holdings in Wells Fargo & Company by 37.2% during the 3rd quarter. QV Investors Inc. now owns 271,407 shares of the financial services provider’s stock worth $11,090,000 after purchasing an additional 73,530 shares in the last quarter. Finally, Vicus Capital increased its holdings in Wells Fargo & Company by 13.1% during the 3rd quarter. Vicus Capital now owns 8,087 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes

WFC has been the subject of a number of research reports. Compass Point reiterated a “neutral” rating and set a $64.00 target price on shares of Wells Fargo & Company in a report on Tuesday, April 9th. Odeon Capital Group cut Wells Fargo & Company from a “buy” rating to a “hold” rating and set a $48.80 target price for the company. in a report on Thursday, January 18th. HSBC increased their target price on Wells Fargo & Company from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Robert W. Baird restated a “neutral” rating and issued a $55.00 price objective on shares of Wells Fargo & Company in a report on Monday, January 8th. Finally, Citigroup restated a “neutral” rating and issued a $63.00 price objective (up previously from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. Thirteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $58.85.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $59.81 on Tuesday. The firm has a market cap of $211.75 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The firm’s fifty day moving average is $57.09 and its 200-day moving average is $49.84. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. Wells Fargo & Company has a 52 week low of $36.40 and a 52 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 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.10. The company had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. Wells Fargo & Company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 earnings per share. Sell-side analysts predict that Wells Fargo & Company will post 5.06 earnings per share for the current 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.