Wells Fargo & Company (NYSE:WFC) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP lowered its position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,558,451 shares of the financial services provider's stock after selling 12,510 shares during the period. Yacktman Asset Management LP owned 0.07% of Wells Fargo & Company worth $125,927,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of WFC. Tokio Marine Asset Management Co. Ltd. raised its holdings in Wells Fargo & Company by 5.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 82,227 shares of the financial services provider's stock valued at $4,047,000 after buying an additional 4,532 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in Wells Fargo & Company by 3.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 101,401 shares of the financial services provider's stock worth $4,991,000 after purchasing an additional 3,093 shares in the last quarter. Wynn Capital LLC bought a new position in Wells Fargo & Company in the 4th quarter worth $2,067,000. Bfsg LLC bought a new position in Wells Fargo & Company in the 4th quarter worth $34,000. Finally, Private Management Group Inc. raised its holdings in Wells Fargo & Company by 2.3% in the 4th quarter. Private Management Group Inc. now owns 22,160 shares of the financial services provider's stock worth $1,091,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company's stock.

Analyst Upgrades and Downgrades

WFC has been the subject of several research reports. Citigroup restated a "neutral" rating and issued a $63.00 price objective (up from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. Compass Point reissued a "neutral" rating and set a $64.00 price objective on shares of Wells Fargo & Company in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $51.00 price objective on shares of Wells Fargo & Company in a research report on Tuesday, January 9th. Odeon Capital Group downgraded shares of Wells Fargo & Company from a "buy" rating to a "hold" rating and set a $48.80 price target on the stock. in a report on Thursday, January 18th. Finally, The Goldman Sachs Group raised their price target on shares of Wells Fargo & Company from $57.00 to $65.00 and gave the company a "buy" rating in a report on Monday, April 1st. Thirteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $58.85.

Wells Fargo & Company Stock Performance

Shares of NYSE:WFC traded down $0.03 during trading on Friday, hitting $59.90. The company's stock had a trading volume of 18,782,274 shares, compared to its average volume of 19,114,766. Wells Fargo & Company has a 12 month low of $36.40 and a 12 month high of $61.76. The firm has a market cap of $212.07 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 1.17 and a beta of 1.19. The company has a 50-day moving average of $56.93 and a 200-day moving average of $49.56. 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 released its 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. 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 for the quarter, compared to analysts' expectations of $20.19 billion. During the same quarter last year, the business earned $1.23 EPS. The firm's revenue was up .6% compared to the same quarter last year. On average, sell-side analysts expect 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.