MassMutual Private Wealth & Trust FSB Has $2.23 Million Stock Position in Wells Fargo & Company (NYSE:WFC)

MassMutual Private Wealth & Trust FSB boosted its stake in Wells Fargo & Company (NYSE:WFC) by 29.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,804 shares of the financial services provider’s stock after purchasing an additional 7,216 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Wells Fargo & Company were worth $2,234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WFC. FLC Capital Advisors acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at approximately $208,000. M.E. Allison & CO. Inc. acquired a new position in Wells Fargo & Company during the fourth quarter valued at approximately $1,361,000. FOCUS Wealth Advisors LLC bought a new stake in Wells Fargo & Company during the fourth quarter worth $1,567,000. Ironwood Financial llc acquired a new stake in shares of Wells Fargo & Company in the 4th quarter valued at $221,000. Finally, Scott Capital Advisors LLC bought a new position in shares of Wells Fargo & Company in the 4th quarter valued at $203,000. Institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WFC. Citigroup raised their price objective 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. Royal Bank of Canada restated a “sector perform” rating and issued a $61.00 price target on shares of Wells Fargo & Company in a research note on Monday, October 14th. Phillip Securities upgraded shares of Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and upped their price objective for the stock from $60.83 to $65.00 in a research report on Tuesday, October 15th. The Goldman Sachs Group raised 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 report on Friday, December 6th. Finally, Wolfe Research upgraded shares of Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wells Fargo & Company presently has a consensus rating of “Hold” and a consensus price target of $73.39.

Wells Fargo & Company Stock Up 1.7 %

Shares of Wells Fargo & Company stock opened at $77.22 on Tuesday. The firm has a market cap of $257.11 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.39 and a beta of 1.18. The stock’s 50-day moving average is $72.74 and its 200 day moving average is $63.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.85 and a quick ratio of 0.85. Wells Fargo & Company has a one year low of $46.12 and a one year high of $78.13.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. The firm had revenue of $20.38 billion for the quarter, compared to analysts’ expectations of $20.58 billion. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. Equities research analysts anticipate that Wells Fargo & Company will post 5.45 EPS for the current year.

Wells Fargo & 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.