YHB Investment Advisors Inc. Has $2.32 Million Position in Wells Fargo & Company (NYSE:WFC)

YHB Investment Advisors Inc. lessened its holdings in Wells Fargo & Company (NYSE:WFC) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,049 shares of the financial services provider’s stock after selling 1,665 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Wells Fargo & Company were worth $2,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ascent Group LLC increased its holdings in shares of Wells Fargo & Company by 9.4% in the 2nd quarter. Ascent Group LLC now owns 38,934 shares of the financial services provider’s stock valued at $2,312,000 after purchasing an additional 3,347 shares during the period. Magnolia Capital Advisors LLC purchased a new position in Wells Fargo & Company during the second quarter valued at approximately $343,000. Silver Lake Advisory LLC acquired a new position in Wells Fargo & Company in the 2nd quarter valued at approximately $487,000. William B. Walkup & Associates Inc. purchased a new stake in Wells Fargo & Company in the 2nd quarter worth approximately $1,070,000. Finally, Quarry LP acquired a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at $105,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WFC shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $61.00 price objective on shares of Wells Fargo & Company in a report on Monday, October 14th. Evercore ISI lifted 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. Compass Point boosted their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial raised their price objective on shares of Wells Fargo & Company from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group boosted their target price on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Wells Fargo & Company presently has an average rating of “Hold” and an average target price of $73.39.

Read Our Latest Research Report on Wells Fargo & Company

Wells Fargo & Company Stock Performance

WFC opened at $77.90 on Tuesday. 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 $73.19 and its two-hundred day moving average price is $64.10. The firm has a market capitalization of $259.37 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. Wells Fargo & Company has a 12-month low of $47.45 and a 12-month high of $78.30.

Wells Fargo & Company (NYSE:WFCGet Free Report) last announced its 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. 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. Wells Fargo & Company’s revenue was down .5% compared to the same quarter last year. On average, equities analysts forecast that Wells Fargo & Company will post 5.84 earnings per share for the current year.

Wells Fargo & Company Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFCFree Report).

Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.