Valmark Advisers Inc. Has $400,000 Stock Holdings in Wells Fargo & Company (NYSE:WFC)

Valmark Advisers Inc. lessened its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 44.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,127 shares of the financial services provider’s stock after selling 6,635 shares during the period. Valmark Advisers Inc.’s holdings in Wells Fargo & Company were worth $400,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WFC. Fortis Group Advisors LLC bought a new position in shares of Wells Fargo & Company during the third quarter worth $25,000. Arlington Trust Co LLC bought a new position in shares of Wells Fargo & Company during the fourth quarter worth $25,000. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Wells Fargo & Company by 208.0% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 356,620 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Wells Fargo & Company during the fourth quarter worth $29,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Wells Fargo & Company during the fourth quarter worth $32,000. 75.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WFC shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 price objective on shares of Wells Fargo & Company in a research report on Monday, January 8th. Argus boosted their price objective on shares of Wells Fargo & Company from $57.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Barclays boosted their price objective on shares of Wells Fargo & Company from $54.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Raymond James boosted their price objective on shares of Wells Fargo & Company from $55.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 16th. Finally, Evercore ISI boosted their price objective on shares of Wells Fargo & Company from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Thirteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $58.85.

Wells Fargo & Company Stock Down 0.0 %

Shares of WFC opened at $59.91 on Monday. Wells Fargo & Company has a 52 week low of $36.40 and a 52 week high of $61.76. The firm has a market cap of $212.11 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The firm’s 50-day simple moving average is $56.93 and its 200 day simple moving average is $49.70. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The business had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same quarter in the prior year, the business earned $1.23 EPS. Wells Fargo & Company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts forecast that Wells Fargo & Company will post 5.06 earnings per share for the current year.

About Wells Fargo & Company

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.