The Legacy Capital Partners Inc. Has $1,574,000 Stake in Wells Fargo & Co. (WFC)

The Legacy Capital Partners Inc. Has $1,574,000 Stake in Wells Fargo & Co. (WFC)

Legacy Capital Partners Inc. increased its stake in Wells Fargo & Co. (NYSE:WFC) by 18.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,524 shares of the financial services provider’s stock after buying an additional 5,500 shares during the period. Legacy Capital Partners Inc.’s holdings in Wells Fargo & Co. were worth $1,574,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in WFC. Annex Advisory Services LLC boosted its stake in Wells Fargo & Co. by 0.4% in the second quarter. Annex Advisory Services LLC now owns 6,422 shares of the financial services provider’s stock valued at $304,000 after buying an additional 25 shares during the period. Bollard Group LLC boosted its stake in Wells Fargo & Co. by 0.8% in the second quarter. Bollard Group LLC now owns 4,411 shares of the financial services provider’s stock valued at $209,000 after buying an additional 33 shares during the period. Alpha Windward LLC boosted its stake in Wells Fargo & Co. by 0.6% in the third quarter. Alpha Windward LLC now owns 6,453 shares of the financial services provider’s stock valued at $286,000 after buying an additional 37 shares during the period. Oakworth Capital Inc. boosted its stake in Wells Fargo & Co. by 0.3% in the second quarter. Oakworth Capital Inc. now owns 14,625 shares of the financial services provider’s stock valued at $741,000 after buying an additional 40 shares during the period. Finally, Sharkey Howes & Javer boosted its stake in Wells Fargo & Co. by 0.7% in the second quarter. Sharkey Howes & Javer now owns 5,915 shares of the financial services provider’s stock valued at $280,000 after buying an additional 44 shares during the period. 72.57% of the stock is owned by institutional investors.

Wells Fargo & Co. (NYSE:WFC) traded up 0.57% during trading on Thursday, hitting $54.58. 20,906,435 shares of the stock were exchanged. Wells Fargo & Co. has a 12-month low of $43.55 and a 12-month high of $58.02. The firm has a market capitalization of $273.78 billion, a PE ratio of 13.68 and a beta of 0.99. The stock has a 50 day moving average price of $55.24 and a 200-day moving average price of $49.54.

Wells Fargo & Co. (NYSE:WFC) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. Wells Fargo & Co. had a net margin of 23.30% and a return on equity of 12.60%. The business earned $21.60 billion during the quarter. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up .0% on a year-over-year basis. On average, equities research analysts anticipate that Wells Fargo & Co. will post $4.19 earnings per share for the current fiscal year.

WFC has been the topic of a number of research analyst reports. Evercore ISI reiterated a “buy” rating and issued a $58.00 target price on shares of Wells Fargo & Co. in a report on Thursday, December 15th. Jefferies Group cut Wells Fargo & Co. from a “buy” rating to a “hold” rating in a report on Monday, November 28th. BMO Capital Markets reiterated a “sell” rating and issued a $50.00 target price on shares of Wells Fargo & Co. in a report on Wednesday, January 11th. FBR & Co reiterated a “market perform” rating and issued a $55.00 target price on shares of Wells Fargo & Co. in a report on Tuesday. Finally, Piper Jaffray Cos. reiterated a “sell” rating and issued a $43.00 target price on shares of Wells Fargo & Co. in a report on Wednesday, January 11th. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the stock. Wells Fargo & Co. has an average rating of “Hold” and a consensus target price of $51.57.

Wells Fargo & Co. Company Profile

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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