Unique Wealth Strategies LLC Takes $918,000 Position in Wells Fargo & Company (NYSE:WFC)

Unique Wealth Strategies LLC bought a new stake in Wells Fargo & Company (NYSE:WFC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,657 shares of the financial services provider's stock, valued at approximately $918,000.

Several other hedge funds and other institutional investors also recently modified their holdings of WFC. Arlington Trust Co LLC acquired a new stake in shares of Wells Fargo & Company in the fourth quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Wells Fargo & Company during the fourth quarter valued at $29,000. Fortis Group Advisors LLC acquired a new stake in Wells Fargo & Company in the third quarter worth about $25,000. Wetzel Investment Advisors Inc. acquired a new stake in Wells Fargo & Company in the fourth quarter worth about $32,000. Finally, Bfsg LLC acquired a new stake in Wells Fargo & Company in the 4th quarter valued at about $34,000. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their target price on Wells Fargo & Company from $52.00 to $60.00 and gave the company a "hold" rating in a report on Monday, April 8th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $62.00 target price (up previously from $56.00) on shares of Wells Fargo & Company in a report on Wednesday, March 27th. Evercore ISI raised their price target on Wells Fargo & Company from $58.00 to $67.00 and gave the stock an "outperform" rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $51.00 price objective on shares of Wells Fargo & Company in a research note on Tuesday, January 9th. Finally, Odeon Capital Group lowered Wells Fargo & Company from a "buy" rating to a "hold" rating and set a $48.80 price objective on the stock. in a report on Thursday, January 18th. 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $58.85.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC traded down $0.02 during mid-day trading on Friday, hitting $59.91. The company had a trading volume of 18,785,900 shares, compared to its average volume of 18,078,044. Wells Fargo & Company has a 1 year low of $36.40 and a 1 year high of $61.76. The stock's 50-day moving average price is $56.93 and its 200-day moving average price is $49.63. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 1.14. The company has a market capitalization 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.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. The company had revenue of $20.86 billion during 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%. Wells Fargo & Company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 EPS. On average, sell-side analysts forecast that Wells Fargo & Company will post 5.06 earnings per share for the current year.

Wells Fargo & 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.