Apexium Financial LP Has $909,000 Holdings in Wells Fargo & Company (NYSE:WFC)

Apexium Financial LP trimmed its position in Wells Fargo & Company (NYSE:WFC - Free Report) by 74.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,936 shares of the financial services provider's stock after selling 36,724 shares during the quarter. Apexium Financial LP's holdings in Wells Fargo & Company were worth $909,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Drive Wealth Management LLC boosted its holdings in Wells Fargo & Company by 3.4% during the fourth quarter. Drive Wealth Management LLC now owns 24,972 shares of the financial services provider's stock valued at $1,754,000 after purchasing an additional 823 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $35,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Wells Fargo & Company by 5.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,758 shares of the financial services provider's stock valued at $1,599,000 after buying an additional 1,253 shares in the last quarter. SWP Financial LLC bought a new stake in Wells Fargo & Company in the fourth quarter valued at $253,000. Finally, Clarendon Private LLC acquired a new position in Wells Fargo & Company during the fourth quarter worth $847,000. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Trading Up 0.8 %

Shares of NYSE:WFC traded up $0.58 during midday trading on Monday, hitting $77.90. The company had a trading volume of 10,630,567 shares, compared to its average volume of 15,855,825. The firm has a fifty day simple moving average of $73.19 and a 200 day simple moving average of $64.10. The stock has a market cap of $259.37 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.17 and a beta of 1.18. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 12 month low of $47.45 and a 12 month high of $78.30.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.09. The company had revenue of $20.38 billion during the quarter, compared to analyst estimates of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. On average, analysts predict that Wells Fargo & Company will post 5.84 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on WFC shares. Barclays boosted their target price on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Truist Financial boosted their price target on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. The Goldman Sachs Group raised their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Morgan Stanley boosted their target price on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price target on Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $73.39.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.