Stock Yards Bank & Trust Co. Buys 665 Shares of Wells Fargo & Company (NYSE:WFC)

Stock Yards Bank & Trust Co. increased its stake in shares of Wells Fargo & Company (NYSE:WFC) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,849 shares of the financial services provider’s stock after acquiring an additional 665 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Wells Fargo & Company were worth $780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Trust Corp boosted its stake in Wells Fargo & Company by 0.3% during the third quarter. Northern Trust Corp now owns 38,197,624 shares of the financial services provider’s stock worth $1,560,755,000 after acquiring an additional 129,300 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Wells Fargo & Company by 1.9% in the third quarter. Pzena Investment Management LLC now owns 18,269,318 shares of the financial services provider’s stock valued at $746,484,000 after buying an additional 335,560 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Wells Fargo & Company by 2.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 7,749,883 shares of the financial services provider’s stock valued at $316,660,000 after buying an additional 221,459 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Wells Fargo & Company by 19.4% in the third quarter. Van ECK Associates Corp now owns 7,103,120 shares of the financial services provider’s stock valued at $290,234,000 after buying an additional 1,156,106 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Wells Fargo & Company by 42.7% in the fourth quarter. Nordea Investment Management AB now owns 5,780,421 shares of the financial services provider’s stock valued at $285,668,000 after buying an additional 1,729,132 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Performance

NYSE WFC opened at $60.95 on Wednesday. Wells Fargo & Company has a 52-week low of $36.40 and a 52-week high of $61.76. The company has a 50-day simple moving average of $56.37 and a 200 day simple moving average of $49.26. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market capitalization of $215.79 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The business had revenue of $20.86 billion during the quarter, compared to the consensus estimate of $20.19 billion. During the same quarter last year, the company posted $1.23 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts predict that Wells Fargo & Company will post 5.06 EPS for the current year.

Wall Street Analysts Forecast Growth

WFC has been the topic of a number of recent research reports. Compass Point reaffirmed a “neutral” rating and issued a $64.00 price objective on shares of Wells Fargo & Company in a research note on Tuesday, April 9th. Oppenheimer reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research note on Monday, April 15th. Piper Sandler dropped their price objective on shares of Wells Fargo & Company from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 price objective on shares of Wells Fargo & Company in a research note on Monday, January 8th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $63.00 price objective (up from $57.00) on shares of Wells Fargo & Company in a research note on Wednesday, March 20th. Thirteen equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $58.85.

About Wells Fargo & Company

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.