Verde Servicos Internacionais S.A. Buys New Shares in Wells Fargo & Company (NYSE:WFC)

Verde Servicos Internacionais S.A. purchased a new stake in Wells Fargo & Company (NYSE:WFC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 310,178 shares of the financial services provider's stock, valued at approximately $21,787,000. Wells Fargo & Company accounts for about 9.4% of Verde Servicos Internacionais S.A.'s investment portfolio, making the stock its 3rd biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of WFC. Two Sigma Advisers LP increased its position in Wells Fargo & Company by 730.4% during the third quarter. Two Sigma Advisers LP now owns 5,954,600 shares of the financial services provider's stock worth $336,375,000 after acquiring an additional 5,237,500 shares during the period. Canoe Financial LP bought a new stake in Wells Fargo & Company in the 3rd quarter valued at $160,529,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in Wells Fargo & Company by 158.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,709,659 shares of the financial services provider's stock valued at $153,069,000 after buying an additional 1,659,716 shares during the period. Artemis Investment Management LLP increased its holdings in Wells Fargo & Company by 410.8% in the 4th quarter. Artemis Investment Management LLP now owns 1,374,812 shares of the financial services provider's stock valued at $96,567,000 after buying an additional 1,105,679 shares during the period. Finally, National Pension Service increased its holdings in Wells Fargo & Company by 15.2% in the 3rd quarter. National Pension Service now owns 6,789,371 shares of the financial services provider's stock valued at $383,532,000 after buying an additional 897,195 shares during the period. Institutional investors own 75.90% of the company's stock.

Wells Fargo & Company Trading Down 0.2 %

NYSE:WFC traded down $0.13 on Tuesday, hitting $77.82. 6,149,251 shares of the stock were exchanged, compared to its average volume of 15,269,211. The stock has a market capitalization of $259.08 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.17 and a beta of 1.18. 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 company's 50-day moving average price is $73.26 and its 200 day moving average price is $64.23.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced 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. The company had revenue of $20.38 billion during the quarter, compared to analysts' expectations of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. Wells Fargo & Company's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. On average, equities research analysts forecast that Wells Fargo & Company will post 5.84 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler boosted their price target on shares of Wells Fargo & Company from $62.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. UBS Group boosted their price target on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the company a "buy" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods boosted their target price 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. Barclays boosted their target price on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Citigroup boosted their target price on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $73.39.

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.