Wells Fargo & Company (NYSE:WFC) Stake Raised by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC boosted its holdings in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 473.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 45,877 shares of the financial services provider's stock after purchasing an additional 37,877 shares during the period. Wells Fargo & Company makes up 0.9% of B.O.S.S. Retirement Advisors LLC's investment portfolio, making the stock its 24th largest holding. B.O.S.S. Retirement Advisors LLC's holdings in Wells Fargo & Company were worth $3,222,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WFC. Mattson Financial Services LLC purchased a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Wells Fargo & Company in the second quarter valued at about $26,000. Truvestments Capital LLC acquired a new stake in shares of Wells Fargo & Company during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC purchased a new stake in shares of Wells Fargo & Company during the 4th quarter worth approximately $30,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Wells Fargo & Company in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Wells Fargo & Company Stock Down 0.3 %

NYSE:WFC traded down $0.20 during mid-day trading on Friday, reaching $77.23. The stock had a trading volume of 10,392,498 shares, compared to its average volume of 12,467,391. Wells Fargo & Company has a 1-year low of $47.45 and a 1-year high of $78.30. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market capitalization of $257.13 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The stock's 50 day simple moving average is $73.19 and its two-hundred day simple moving average is $64.04.

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

Analysts Set New Price Targets

WFC has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on Wells Fargo & Company from $72.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $61.00 price target on shares of Wells Fargo & Company in a report on Monday, October 14th. Morgan Stanley increased their price objective on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Evercore ISI lifted their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $73.39.

About Wells Fargo & Company

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.