Evolution Wealth Advisors LLC increased its holdings in Wells Fargo & Company (NYSE:WFC) by 83.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,036 shares of the financial services provider’s stock after purchasing an additional 1,834 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Wells Fargo & Company were worth $95,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of WFC. Public Employees Retirement Association of Colorado increased its position in shares of Wells Fargo & Company by 1.7% during the first quarter. Public Employees Retirement Association of Colorado now owns 759,774 shares of the financial services provider’s stock valued at $21,806,000 after acquiring an additional 12,376 shares in the last quarter. Maverick Capital Ltd. bought a new stake in Wells Fargo & Company in the 1st quarter worth approximately $206,000. APG Asset Management N.V. grew its position in Wells Fargo & Company by 2.4% in the 1st quarter. APG Asset Management N.V. now owns 6,493,155 shares of the financial services provider’s stock worth $186,354,000 after purchasing an additional 150,447 shares during the period. Advisors Asset Management Inc. grew its position in Wells Fargo & Company by 8.8% in the 1st quarter. Advisors Asset Management Inc. now owns 80,610 shares of the financial services provider’s stock worth $2,314,000 after purchasing an additional 6,488 shares during the period. Finally, FinTrust Capital Advisors LLC grew its position in Wells Fargo & Company by 26.1% in the 1st quarter. FinTrust Capital Advisors LLC now owns 11,746 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 2,434 shares during the period. 67.25% of the stock is currently owned by institutional investors.

Shares of WFC stock opened at $22.86 on Friday. The stock has a market cap of $94.18 billion, a P/E ratio of 26.28, a PEG ratio of 125.04 and a beta of 1.08. Wells Fargo & Company has a 52 week low of $22.00 and a 52 week high of $54.75. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.45. The company’s fifty day simple moving average is $24.35 and its two-hundred day simple moving average is $25.96.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). The company had revenue of $18.86 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Wells Fargo & Company had a return on equity of 4.33% and a net margin of 6.26%. The firm’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. On average, analysts anticipate that Wells Fargo & Company will post 0.02 EPS for the current fiscal year.

A number of equities research analysts have commented on the stock. Robert W. Baird raised shares of Wells Fargo & Company from a “neutral” rating to an “outperform” rating and set a $35.00 target price for the company in a research report on Friday, July 10th. Barclays cut their target price on shares of Wells Fargo & Company from $40.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley cut their target price on shares of Wells Fargo & Company from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, September 11th. Bank of America cut their target price on shares of Wells Fargo & Company from $32.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Finally, Royal Bank of Canada reissued a “sell” rating and set a $25.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, September 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. Wells Fargo & Company has a consensus rating of “Hold” and an average target price of $30.98.

Wells Fargo & Company Profile

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals, businesses, and institutions in the United States and internationally. It operates in three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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

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