Mount Yale Investment Advisors LLC Sells 4,415 Shares of Wells Fargo & Company (NYSE:WFC)

Mount Yale Investment Advisors LLC cut its stake in shares of Wells Fargo & Company (NYSE:WFC) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,567 shares of the financial services provider’s stock after selling 4,415 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Wells Fargo & Company were worth $2,007,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WFC. Parkside Investments LLC bought a new stake in Wells Fargo & Company in the fourth quarter valued at $843,000. McLean Asset Management Corp bought a new stake in shares of Wells Fargo & Company in the 4th quarter worth $202,000. Webster Bank N. A. grew its position in Wells Fargo & Company by 4.4% in the 4th quarter. Webster Bank N. A. now owns 10,319 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 431 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Wells Fargo & Company by 72.5% during the fourth quarter. Pacer Advisors Inc. now owns 435,306 shares of the financial services provider’s stock valued at $30,576,000 after acquiring an additional 182,920 shares during the last quarter. Finally, Buttonwood Financial Advisors Inc. purchased a new stake in shares of Wells Fargo & Company during the 4th quarter valued at $238,000. 75.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WFC has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $61.00 price target on shares of Wells Fargo & Company in a report on Monday, October 14th. Phillip Securities raised shares of Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and upped their target price for the stock from $60.83 to $65.00 in a report on Tuesday, October 15th. Barclays raised 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. Wolfe Research raised shares of Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Tuesday, October 8th. Finally, Citigroup upped their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Trading Down 0.3 %

NYSE WFC opened at $77.23 on Monday. The stock’s 50 day moving average is $73.19 and its 200 day moving average is $64.10. The firm has a market capitalization of $257.13 billion, a PE ratio of 14.35, a P/E/G ratio of 1.17 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a twelve month low of $47.45 and a twelve month high of $78.30.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. The company had revenue of $20.38 billion during the quarter, compared to analyst estimates of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. Research analysts forecast that Wells Fargo & Company will post 5.84 earnings per share for the current fiscal year.

About Wells Fargo & Company

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.