Juncture Wealth Strategies LLC Invests $256,000 in Wells Fargo & Company (NYSE:WFC)

Juncture Wealth Strategies LLC acquired a new stake in Wells Fargo & Company (NYSE:WFC - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,650 shares of the financial services provider's stock, valued at approximately $256,000.

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

Analyst Ratings Changes

A number of brokerages have weighed in on WFC. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $61.00 price target on shares of Wells Fargo & Company in a research report on Monday, October 14th. Wolfe Research raised Wells Fargo & Company from a "peer perform" rating to an "outperform" rating and set a $65.00 target price for the company in a research report on Tuesday, October 8th. Morgan Stanley increased their price target on Wells Fargo & Company from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Barclays boosted their price objective on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Compass Point raised their target price on shares of Wells Fargo & Company from $60.00 to $83.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $73.39.

Wells Fargo & Company Stock Performance

WFC traded down $0.20 during trading on Friday, reaching $77.23. 10,392,498 shares of the company's stock were exchanged, compared to its average volume of 12,467,391. The company has a market capitalization of $257.13 billion, a P/E ratio of 14.35, a PEG ratio of 1.17 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average price of $73.19 and a 200 day moving average price of $64.07. Wells Fargo & Company has a fifty-two week low of $47.45 and a fifty-two week high of $78.30.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $20.58 billion. During the same period in the previous year, the business earned $0.86 EPS. The firm's revenue was down .5% on a year-over-year basis. As a group, analysts predict that Wells Fargo & Company will post 5.84 earnings per share 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.