Greenup Street Wealth Management LLC Purchases New Stake in Wells Fargo & Company (NYSE:WFC)

Greenup Street Wealth Management LLC purchased a new stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,517 shares of the financial services provider's stock, valued at approximately $1,511,000.

Several other large investors also recently made changes to their positions in the business. Lebenthal Global Advisors LLC increased its holdings in Wells Fargo & Company by 3.0% in the fourth quarter. Lebenthal Global Advisors LLC now owns 15,109 shares of the financial services provider's stock valued at $1,061,000 after purchasing an additional 433 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Wells Fargo & Company by 15.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 24,881 shares of the financial services provider's stock valued at $1,748,000 after acquiring an additional 3,398 shares during the last quarter. Parsons Capital Management Inc. RI raised its position in shares of Wells Fargo & Company by 3.1% in the 4th quarter. Parsons Capital Management Inc. RI now owns 5,931 shares of the financial services provider's stock valued at $417,000 after acquiring an additional 177 shares during the period. West Wealth Group LLC bought a new position in Wells Fargo & Company during the 4th quarter worth approximately $232,000. Finally, Parkside Investments LLC bought a new position in Wells Fargo & Company during the 4th quarter worth approximately $843,000. Institutional investors own 75.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup increased their target price on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Piper Sandler raised their price objective on Wells Fargo & Company from $62.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Compass Point increased their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Evercore ISI lifted their price objective 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, Morgan Stanley increased their target price on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $73.39.

Wells Fargo & Company Stock Performance

NYSE WFC traded down $0.32 during trading on Tuesday, reaching $77.63. The company's stock had a trading volume of 5,415,599 shares, compared to its average volume of 15,218,746. Wells Fargo & Company has a 12 month low of $47.45 and a 12 month high of $78.30. The firm has a 50 day moving average price of $73.26 and a 200 day moving average price of $64.23. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $258.45 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18.

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

Wells Fargo & 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.