Addison Capital Co Has $242,000 Holdings in Wells Fargo & Company (NYSE:WFC)

Addison Capital Co decreased its position in Wells Fargo & Company (NYSE:WFC) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,444 shares of the financial services provider’s stock after selling 562 shares during the quarter. Addison Capital Co’s holdings in Wells Fargo & Company were worth $242,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GLOBALT Investments LLC GA grew its stake in Wells Fargo & Company by 26.7% in the 4th quarter. GLOBALT Investments LLC GA now owns 129,240 shares of the financial services provider’s stock valued at $9,078,000 after buying an additional 27,211 shares during the last quarter. First National Advisers LLC increased its stake in shares of Wells Fargo & Company by 5.1% in the fourth quarter. First National Advisers LLC now owns 72,488 shares of the financial services provider’s stock worth $5,091,000 after purchasing an additional 3,503 shares during the period. GWN Securities Inc. bought a new position in shares of Wells Fargo & Company in the fourth quarter worth about $390,000. Northern Capital Management Inc. bought a new stake in Wells Fargo & Company during the 4th quarter valued at approximately $217,000. Finally, Gallacher Capital Management LLC grew its holdings in Wells Fargo & Company by 10.9% in the 4th quarter. Gallacher Capital Management LLC now owns 9,192 shares of the financial services provider’s stock valued at $646,000 after buying an additional 902 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes

WFC has been the subject of several research analyst reports. The Goldman Sachs Group upped their target price on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays upped their price target on Wells Fargo & Company from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley lifted their price objective on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Citigroup upped their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Finally, UBS Group raised their price objective on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.39.

Wells Fargo & Company Price Performance

Shares of NYSE WFC opened at $70.96 on Monday. The company has a market capitalization of $233.31 billion, a PE ratio of 13.19, a PEG ratio of 1.18 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. The stock’s 50 day moving average price is $75.89 and its 200-day moving average price is $69.01. Wells Fargo & Company has a twelve month low of $50.15 and a twelve month high of $81.50.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The business had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company’s payout ratio is 29.74%.

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.