Bailard Inc. Has $362,000 Position in Wells Fargo & Company (NYSE:WFC)

Bailard Inc. decreased its stake in Wells Fargo & Company (NYSE:WFC) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,356 shares of the financial services provider’s stock after selling 325 shares during the period. Bailard Inc.’s holdings in Wells Fargo & Company were worth $362,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC bought a new stake in Wells Fargo & Company during the 3rd quarter worth $25,000. Arlington Trust Co LLC acquired a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $25,000. Leith Wheeler Investment Counsel Ltd. raised its holdings in Wells Fargo & Company by 208.0% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 528,104 shares of the financial services provider’s stock valued at $26,000 after buying an additional 356,620 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $29,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Wells Fargo & Company during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes

WFC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $62.00 price target (up previously from $56.00) on shares of Wells Fargo & Company in a report on Wednesday, March 27th. Oppenheimer reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a report on Monday, April 15th. Morgan Stanley increased their price target on Wells Fargo & Company from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. HSBC increased their target price on shares of Wells Fargo & Company from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Finally, Odeon Capital Group downgraded shares of Wells Fargo & Company from a “buy” rating to a “hold” rating and set a $48.80 price target on the stock. in a research report on Thursday, January 18th. Thirteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $58.85.

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock opened at $59.91 on Monday. The business has a 50-day simple moving average of $56.93 and a 200 day simple moving average of $49.70. Wells Fargo & Company has a one year low of $36.40 and a one year high of $61.76. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market capitalization of $212.11 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.16 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data 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 return on equity of 12.30% and a net margin of 15.63%. The firm had revenue of $20.86 billion during the quarter, compared to analysts’ expectations of $20.19 billion. During the same quarter last year, the firm posted $1.23 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, research analysts anticipate that Wells Fargo & Company will post 5.06 earnings per share for the current fiscal year.

Wells Fargo & Company Profile

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.