Yousif Capital Management LLC Cuts Stock Position in Wells Fargo & Company (NYSE:WFC)

Yousif Capital Management LLC trimmed its position in shares of Wells Fargo & Company (NYSE:WFC) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 590,377 shares of the financial services provider's stock after selling 28,401 shares during the quarter. Yousif Capital Management LLC's holdings in Wells Fargo & Company were worth $29,058,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WFC. Arlington Trust Co LLC purchased a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in Wells Fargo & Company in the 4th quarter valued at approximately $29,000. Fortis Group Advisors LLC acquired a new position in shares of Wells Fargo & Company in the third quarter worth $25,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Wells Fargo & Company during the fourth quarter worth $32,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Wells Fargo & Company by 108.0% in the fourth quarter. Venturi Wealth Management LLC now owns 724 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 376 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Performance

Shares of WFC traded down $0.15 during mid-day trading on Tuesday, reaching $60.95. 21,678,006 shares of the company's stock were exchanged, compared to its average volume of 19,048,328. The business's fifty day simple moving average is $56.37 and its 200-day simple moving average is $49.26. The stock has a market capitalization of $215.79 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. Wells Fargo & Company has a 52-week low of $36.40 and a 52-week high of $61.76. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.87 and a quick ratio of 0.86.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, topping 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 firm had revenue of $20.86 billion during the quarter, compared to analysts' expectations of $20.19 billion. During the same quarter in the prior year, the business earned $1.23 EPS. Wells Fargo & Company's quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that Wells Fargo & Company will post 5.06 earnings per share for the current year.

Wall Street Analyst Weigh In

WFC has been the subject of several analyst reports. StockNews.com raised Wells Fargo & Company from a "sell" rating to a "hold" rating in a research note on Monday, April 15th. Jefferies Financial Group upped their target price on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the stock a "hold" rating in a research note on Monday, April 8th. The Goldman Sachs Group lifted their price target on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Robert W. Baird reissued a "neutral" rating and issued a $55.00 price objective on shares of Wells Fargo & Company in a research report on Monday, January 8th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Wells Fargo & Company in a research report on Monday, April 15th. Thirteen 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.com, Wells Fargo & Company currently has an average rating of "Hold" and an average price target 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.

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