Susquehanna upgraded shares of Wells Fargo (NYSE:WFC) from a neutral rating to a positive rating in a report published on Wednesday morning, The Fly reports. The firm currently has $56.00 price objective on the financial services provider’s stock.

WFC has been the subject of several other reports. Goldman Sachs raised shares of Wells Fargo from a neutral rating to a buy rating and set a $60.00 price target for the company in a research report on Monday, January 11th. Credit Suisse increased their price target on shares of Wells Fargo from $48.82 to $62.00 and gave the company an outperform rating in a research report on Tuesday, January 19th. Deutsche Bank reissued a buy rating on shares of Wells Fargo in a research report on Tuesday, December 29th. Barclays reaffirmed a buy rating on shares of Wells Fargo in a research report on Friday, October 16th. Finally, RBC Capital reaffirmed an outperform rating and issued a $60.00 price objective (down from $61.00) on shares of Wells Fargo in a research report on Friday, October 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $57.88.

In other Wells Fargo news, EVP Michael J. Loughlin sold 20,000 shares of Wells Fargo stock in a transaction on Wednesday, December 9th. The shares were sold at an average price of $54.48, for a total transaction of $1,089,600.00. Following the sale, the executive vice president now owns 1,260 shares of the company’s stock, valued at approximately $68,644.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

A number of large investors have made changes to their positions in WFC. Pure Financial Advisors boosted its stake in shares of Wells Fargo by 1.7% in the fourth quarter. Pure Financial Advisors now owns 6,882 shares of the financial services provider’s stock valued at $374,000 after buying an additional 113 shares during the period. Chelsea Counsel Company boosted its stake in shares of Wells Fargo by 48.7% in the third quarter. Chelsea Counsel Company now owns 8,079 shares of the financial services provider’s stock valued at $415,000 after buying an additional 2,645 shares during the period. Bouchey Financial Group boosted its stake in shares of Wells Fargo by 3.5% in the fourth quarter. Bouchey Financial Group now owns 6,170 shares of the financial services provider’s stock valued at $335,000 after buying an additional 208 shares during the period. MB Financial Bank Trust Department boosted its stake in shares of Wells Fargo by 9.5% in the fourth quarter. MB Financial Bank Trust Department now owns 309,274 shares of the financial services provider’s stock valued at $16,812,000 after buying an additional 26,798 shares during the period. Finally, Evelyn V. Moreno boosted its stake in shares of Wells Fargo by 28.0% in the fourth quarter. Evelyn V. Moreno now owns 103,570 shares of the financial services provider’s stock valued at $5,630,000 after buying an additional 22,685 shares during the period.

Wells Fargo (NYSE:WFC) traded down 1.675% during trading on Wednesday, hitting $48.199. 13,671,795 shares of the company’s stock were exchanged. Wells Fargo has a 12-month low of $46.88 and a 12-month high of $58.77. The firm has a market cap of $245.43 billion and a price-to-earnings ratio of 11.614. The company’s 50-day moving average price is $52.71 and its 200 day moving average price is $54.14.

Wells Fargo (NYSE:WFC) last released its quarterly earnings results on Friday, January 15th. The financial services provider reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.01. The firm had revenue of $21.59 billion for the quarter. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted $1.02 earnings per share. Equities analysts forecast that Wells Fargo will post $4.30 earnings per share for the current fiscal year.

Wells Fargo & Company is a financial services and bank holding company. The Company’s segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement. The Company’s Community Banking segment offers a range of financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. The Community Banking segment’s products include investment, insurance and trust services, and mortgage and home equity loans. The Community Banking segment’s products and business segments include middle market commercial banking, government and institutional banking, corporate banking and commercial real estate, among others. The Company’s Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

12 Month Chart for NYSE:WFC

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