3,392 Shares in Wells Fargo & Company (NYSE:WFC) Acquired by Buttonwood Financial Advisors Inc.

Buttonwood Financial Advisors Inc. bought a new position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,392 shares of the financial services provider's stock, valued at approximately $238,000.

Several other institutional investors have also added to or reduced their stakes in WFC. Quad Cities Investment Group LLC raised its position in shares of Wells Fargo & Company by 0.3% in the 4th quarter. Quad Cities Investment Group LLC now owns 52,576 shares of the financial services provider's stock valued at $3,693,000 after buying an additional 158 shares in the last quarter. Investors Research Corp increased its stake in Wells Fargo & Company by 1.2% in the third quarter. Investors Research Corp now owns 13,461 shares of the financial services provider's stock valued at $760,000 after acquiring an additional 160 shares during the last quarter. Ellenbecker Investment Group raised its position in Wells Fargo & Company by 3.9% during the third quarter. Ellenbecker Investment Group now owns 4,418 shares of the financial services provider's stock valued at $250,000 after purchasing an additional 164 shares in the last quarter. Income Research & Management bought a new stake in Wells Fargo & Company during the third quarter worth $211,000. Finally, Modera Wealth Management LLC boosted its holdings in shares of Wells Fargo & Company by 0.9% in the 3rd quarter. Modera Wealth Management LLC now owns 18,014 shares of the financial services provider's stock valued at $1,018,000 after purchasing an additional 167 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WFC has been the topic of a number of recent analyst reports. 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 research report on Wednesday, October 30th. Compass Point lifted their price target on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Truist Financial upped their price objective on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Phillip Securities upgraded shares of Wells Fargo & Company from a "neutral" rating to an "accumulate" rating and raised their target price for the company from $60.83 to $65.00 in a research report on Tuesday, October 15th. Finally, Barclays upped their price target on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" 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, Wells Fargo & Company presently has a consensus rating of "Hold" and an average target price of $73.39.

Wells Fargo & Company Trading Up 0.8 %

Shares of NYSE:WFC traded up $0.58 during trading on Monday, reaching $77.90. The stock had a trading volume of 10,630,567 shares, compared to its average volume of 15,855,825. Wells Fargo & Company has a 52 week low of $47.45 and a 52 week high of $78.30. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. The firm's fifty day moving average is $73.19 and its 200 day moving average is $64.10. The stock has a market cap of $259.37 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.17 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business had revenue of $20.38 billion for the quarter, compared to analysts' expectations of $20.58 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business's quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts forecast that Wells Fargo & Company will post 5.84 EPS for the current fiscal year.

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.