Sontag Advisory LLC Buys New Holdings in Wells Fargo & Co (WFC)

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Sontag Advisory LLC bought a new stake in Wells Fargo & Co (NYSE:WFC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,296 shares of the financial services provider’s stock, valued at approximately $152,000.

Several other large investors have also made changes to their positions in the company. SevenBridge Financial Group LLC grew its position in Wells Fargo & Co by 500.0% during the fourth quarter. SevenBridge Financial Group LLC now owns 1,200 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,000 shares during the period. Athena Capital Advisors LLC acquired a new position in Wells Fargo & Co during the fourth quarter worth about $42,000. Mercer Capital Advisers Inc. grew its position in Wells Fargo & Co by 81.3% during the fourth quarter. Mercer Capital Advisers Inc. now owns 1,171 shares of the financial services provider’s stock worth $54,000 after buying an additional 525 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in Wells Fargo & Co by 72.4% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,405 shares of the financial services provider’s stock worth $65,000 after buying an additional 590 shares during the period. Finally, Ruggie Capital Group acquired a new position in Wells Fargo & Co during the fourth quarter worth about $80,000. 72.19% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday. BMO Capital Markets lowered their price target on shares of Wells Fargo & Co from $65.00 to $63.00 and set a “market perform” rating on the stock in a research report on Monday. ValuEngine raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Buckingham Research downgraded shares of Wells Fargo & Co from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $65.00 to $53.00 in a research note on Monday. Finally, Zacks Investment Research downgraded shares of Wells Fargo & Co from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.35.

Shares of NYSE:WFC opened at $47.65 on Wednesday. The stock has a market capitalization of $228.13 billion, a P/E ratio of 10.88, a PEG ratio of 0.87 and a beta of 1.11. Wells Fargo & Co has a fifty-two week low of $43.02 and a fifty-two week high of $59.53. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.87 and a current ratio of 0.88.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.12. The firm had revenue of $21.61 billion for the quarter, compared to the consensus estimate of $20.89 billion. Wells Fargo & Co had a net margin of 22.59% and a return on equity of 13.37%. During the same period last year, the firm posted $0.96 EPS. On average, research analysts expect that Wells Fargo & Co will post 4.84 earnings per share for the current fiscal year.

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Wells Fargo & Co Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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

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