Key Client Fiduciary Advisors LLC Sells 451 Shares of Wells Fargo & Company (NYSE:WFC)

Key Client Fiduciary Advisors LLC decreased its stake in shares of Wells Fargo & Company (NYSE:WFC) by 6.8% during the fourth quarter, Holdings Channel reports. The firm owned 6,207 shares of the financial services provider’s stock after selling 451 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Wells Fargo & Company were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mattson Financial Services LLC bought a new position in shares of Wells Fargo & Company during the 2nd quarter valued at $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Wells Fargo & Company during the second quarter valued at $26,000. Truvestments Capital LLC purchased a new stake in Wells Fargo & Company during the third quarter valued at $29,000. Modus Advisors LLC bought a new position in Wells Fargo & Company in the fourth quarter valued at about $30,000. Finally, Decker Retirement Planning Inc. purchased a new position in Wells Fargo & Company in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC opened at $77.49 on Friday. The company has a market cap of $258.00 billion, a P/E ratio of 14.40, 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 firm’s fifty day moving average is $73.03 and its two-hundred day moving average is $63.82.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm had revenue of $20.38 billion for the quarter, compared to analysts’ expectations of $20.58 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. As a group, analysts anticipate that Wells Fargo & Company will post 5.84 EPS for the current fiscal year.

Analysts Set New Price Targets

WFC has been the topic of several recent research reports. Citigroup increased their price objective on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Barclays lifted their price target on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley boosted 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 report on Thursday, January 16th. Phillip Securities raised Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and raised their target price for the stock from $60.83 to $65.00 in a report on Tuesday, October 15th. Finally, Evercore ISI boosted their price target on Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.