Yacktman Asset Management LP Has $125.93 Million Stake in Wells Fargo & Company (NYSE:WFC)

Yacktman Asset Management LP lessened its stake in shares of Wells Fargo & Company (NYSE:WFC) by 0.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,558,451 shares of the financial services provider’s stock after selling 12,510 shares during the period. Yacktman Asset Management LP’s holdings in Wells Fargo & Company were worth $125,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter valued at $25,000. Arlington Trust Co LLC bought a new position in shares of Wells Fargo & Company in the fourth quarter worth about $25,000. Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of Wells Fargo & Company by 208.0% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 356,620 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Wells Fargo & Company during the 4th quarter worth approximately $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Wells Fargo & Company in the fourth quarter valued at approximately $32,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup restated a “neutral” rating and issued a $63.00 target price (up previously from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. Morgan Stanley upped their price objective on shares of Wells Fargo & Company from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. StockNews.com raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Odeon Capital Group lowered 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. Finally, The Goldman Sachs Group boosted their price objective on Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $58.85.

Wells Fargo & Company Stock Performance

Wells Fargo & Company stock traded up $0.40 during mid-day trading on Friday, reaching $60.33. The company’s stock had a trading volume of 12,079,612 shares, compared to its average volume of 19,026,051. The company has a market capitalization of $213.59 billion, a P/E ratio of 12.53, a PEG ratio of 1.17 and a beta of 1.19. The firm’s fifty day moving average price is $56.77 and its two-hundred day moving average price is $49.42. Wells Fargo & Company has a 12-month low of $36.40 and a 12-month high of $61.76. 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 (NYSE:WFC) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating 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 return on equity of 12.30% and a net margin of 15.63%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS. Sell-side analysts predict that Wells Fargo & Company will post 5.06 EPS 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.