B.O.S.S. Retirement Advisors LLC Raises Stock Holdings in Wells Fargo & Company (NYSE:WFC)

B.O.S.S. Retirement Advisors LLC raised its stake in Wells Fargo & Company (NYSE:WFC) by 473.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 45,877 shares of the financial services provider’s stock after buying an additional 37,877 shares during the quarter. Wells Fargo & Company accounts for 0.9% of B.O.S.S. Retirement Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. B.O.S.S. Retirement Advisors LLC’s holdings in Wells Fargo & Company were worth $3,222,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Income Research & Management acquired a new stake in Wells Fargo & Company during the 3rd quarter worth about $211,000. Mattson Financial Services LLC purchased a new position in shares of Wells Fargo & Company in the second quarter worth about $25,000. Modus Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth about $30,000. Strategic Investment Solutions Inc. IL purchased a new stake in Wells Fargo & Company in the second quarter valued at approximately $26,000. Finally, Decker Retirement Planning Inc. acquired a new position in Wells Fargo & Company in the 4th quarter worth approximately $32,000. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Price Performance

WFC stock opened at $77.23 on Friday. The stock has a market cap of $257.13 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 1.17 and a beta of 1.18. Wells Fargo & Company has a fifty-two week low of $47.45 and a fifty-two week high of $78.30. 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 business has a 50 day moving average price of $73.19 and a 200 day moving average price of $64.04.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, beating 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 firm had revenue of $20.38 billion for the quarter, compared to the consensus estimate of $20.58 billion. During the same period last year, the firm posted $0.86 EPS. The company’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that Wells Fargo & Company will post 5.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Evercore ISI increased their target price on Wells Fargo & Company from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays boosted their price target on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Phillip Securities raised Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and increased their price target for the company from $60.83 to $65.00 in a report on Tuesday, October 15th. Finally, Compass Point boosted their price objective on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.39.

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.