MassMutual Private Wealth & Trust FSB Has $2.23 Million Holdings in Wells Fargo & Company (NYSE:WFC)

MassMutual Private Wealth & Trust FSB increased its position in Wells Fargo & Company (NYSE:WFC) by 29.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,804 shares of the financial services provider’s stock after purchasing an additional 7,216 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Wells Fargo & Company were worth $2,234,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Income Research & Management acquired a new position in shares of Wells Fargo & Company during the third quarter valued at about $211,000. Mattson Financial Services LLC bought a new position in Wells Fargo & Company in the 2nd quarter valued at about $25,000. Modus Advisors LLC acquired a new position in Wells Fargo & Company during the 4th quarter valued at about $30,000. Strategic Investment Solutions Inc. IL bought a new stake in Wells Fargo & Company during the 2nd quarter worth approximately $26,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Wells Fargo & Company in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WFC shares. Compass Point upped their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Citigroup upped their target price on shares of Wells Fargo & Company from $67.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Wolfe Research raised shares of Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Tuesday, October 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $61.00 target price on shares of Wells Fargo & Company in a report on Monday, October 14th. Finally, The Goldman Sachs Group lifted their price target on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.39.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $77.22 on Tuesday. Wells Fargo & Company has a 52-week low of $46.12 and a 52-week high of $78.13. The stock’s 50-day simple moving average is $72.74 and its 200 day simple moving average is $63.48. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $257.11 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly 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. The firm had revenue of $20.38 billion for the quarter, compared to the consensus estimate of $20.58 billion. Wells Fargo & Company had a net margin of 14.43% and a return on equity of 12.25%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. Research analysts forecast that Wells Fargo & Company will post 5.45 EPS for the current fiscal year.

About Wells Fargo & Company

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.