tru Independence LLC Has $278,000 Holdings in Wells Fargo & Company (NYSE:WFC)

tru Independence LLC decreased its stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 96.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,958 shares of the financial services provider's stock after selling 112,759 shares during the period. tru Independence LLC's holdings in Wells Fargo & Company were worth $278,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of WFC. Quad Cities Investment Group LLC increased its stake in shares of Wells Fargo & Company by 0.3% in the fourth quarter. Quad Cities Investment Group LLC now owns 52,576 shares of the financial services provider's stock valued at $3,693,000 after purchasing an additional 158 shares during the period. Investors Research Corp increased its stake in shares of 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 purchasing an additional 160 shares during the period. Ellenbecker Investment Group increased its stake in shares of Wells Fargo & Company by 3.9% in 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 during the period. Income Research & Management acquired a new stake in shares of Wells Fargo & Company in the third quarter valued at approximately $211,000. Finally, Modera Wealth Management LLC increased its stake in shares of Wells Fargo & Company by 0.9% in the third 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 during the period. Institutional investors and hedge funds own 75.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on WFC shares. Keefe, Bruyette & Woods raised their price objective on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Wolfe Research upgraded shares of Wells Fargo & Company from a "peer perform" rating to an "outperform" rating and set a $65.00 price objective on the stock in a research note on Tuesday, October 8th. Piper Sandler raised their price objective on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Morgan Stanley raised their price objective on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Evercore ISI raised their price objective on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $73.39.

Wells Fargo & Company Stock Performance

WFC traded up $0.58 during trading on Monday, hitting $77.90. The stock had a trading volume of 10,630,567 shares, compared to its average volume of 15,855,825. The firm has a market cap of $259.37 billion, a PE ratio of 14.48, a P/E/G ratio of 1.17 and a beta of 1.18. Wells Fargo & Company has a 12 month low of $47.45 and a 12 month high of $78.30. 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 company has a 50 day simple moving average of $73.19 and a 200-day simple moving average of $64.10.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS 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 the consensus estimate of $20.58 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business's quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Analysts expect that Wells Fargo & Company will post 5.84 EPS for the current year.

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.