Dubuque Bank & Trust Co. increased its position in Wells Fargo & Co (NYSE:WFC) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,077 shares of the financial services provider’s stock after purchasing an additional 591 shares during the period. Dubuque Bank & Trust Co.’s holdings in Wells Fargo & Co were worth $1,295,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WFC. Horan Capital Advisors LLC. bought a new stake in Wells Fargo & Co during the third quarter worth about $25,000. NuWave Investment Management LLC increased its stake in shares of Wells Fargo & Co by 122.3% during the third quarter. NuWave Investment Management LLC now owns 798 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 439 shares in the last quarter. MV Capital Management Inc. increased its stake in shares of Wells Fargo & Co by 49.3% during the third quarter. MV Capital Management Inc. now owns 803 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 265 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Wells Fargo & Co during the third quarter valued at approximately $42,000. Finally, Bourgeon Capital Management LLC purchased a new position in shares of Wells Fargo & Co during the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 75.64% of the company’s stock.

WFC has been the topic of several recent research reports. Morgan Stanley cut their price target on Wells Fargo & Co from $57.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Monday, December 23rd. Robert W. Baird lowered Wells Fargo & Co from a “neutral” rating to an “underperform” rating and set a $50.00 price objective for the company. in a research report on Thursday, January 2nd. Citigroup lifted their price objective on Wells Fargo & Co from $48.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Bank of America set a $50.00 target price on Wells Fargo & Co and gave the stock a “hold” rating in a report on Monday, September 30th. Finally, BMO Capital Markets cut their target price on Wells Fargo & Co from $59.00 to $57.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.61.

Shares of WFC stock traded down $2.81 during trading hours on Tuesday, reaching $49.30. The company had a trading volume of 56,661,966 shares, compared to its average volume of 21,290,297. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.85 and a current ratio of 0.86. The business has a fifty day moving average price of $53.64 and a 200-day moving average price of $49.97. Wells Fargo & Co has a one year low of $43.34 and a one year high of $54.75. The firm has a market cap of $222.04 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.11.

Wells Fargo & Co (NYSE:WFC) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.23). Wells Fargo & Co had a return on equity of 13.01% and a net margin of 21.67%. The company had revenue of $22.01 billion during the quarter, compared to analysts’ expectations of $21.32 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts forecast that Wells Fargo & Co will post 4.53 EPS for the current year.

Wells Fargo & Co Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services.

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Institutional Ownership by Quarter for Wells Fargo & Co (NYSE:WFC)

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