Endurance Wealth Management Inc. decreased its position in shares of Wells Fargo & Co. (NYSE:WFC) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 115,655 shares of the financial services provider’s stock after selling 320 shares during the period. Endurance Wealth Management Inc.’s holdings in Wells Fargo & Co. were worth $5,474,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WFC. Rathbone Brothers plc raised its stake in shares of Wells Fargo & Co. by 3.9% in the first quarter. Rathbone Brothers plc now owns 327,043 shares of the financial services provider’s stock worth $15,816,000 after buying an additional 12,310 shares during the last quarter. Cardinal Capital Management Inc. acquired a new stake in shares of Wells Fargo & Co. during the first quarter worth about $11,102,000. Community Trust & Investment Co. raised its stake in shares of Wells Fargo & Co. by 2.1% in the first quarter. Community Trust & Investment Co. now owns 268,443 shares of the financial services provider’s stock worth $12,982,000 after buying an additional 5,446 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Wells Fargo & Co. by 1.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 3,950,270 shares of the financial services provider’s stock worth $191,036,000 after buying an additional 66,452 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management raised its stake in shares of Wells Fargo & Co. by 1.0% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 27,192 shares of the financial services provider’s stock worth $1,315,000 after buying an additional 265 shares during the last quarter. 74.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wells Fargo & Co. (NYSE:WFC) traded up 1.20% during midday trading on Tuesday, hitting $46.56. The stock had a trading volume of 51,428,742 shares. The stock has a 50 day moving average price of $48.48 and a 200-day moving average price of $48.66. The stock has a market capitalization of $234.92 billion, a price-to-earnings ratio of 11.50 and a beta of 0.90. Wells Fargo & Co. has a 52 week low of $44.50 and a 52 week high of $56.34.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. Wells Fargo & Co. had a return on equity of 12.95% and a net margin of 24.33%. The company had revenue of $22.20 billion for the quarter. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Wells Fargo & Co. will post $4.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 5th were paid a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.52 annualized dividend and a dividend yield of 3.26%. Wells Fargo & Co.’s dividend payout ratio is currently 37.25%.

A number of equities analysts have recently commented on WFC shares. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Wells Fargo & Co. in a report on Wednesday, August 31st. FBR & Co restated a “buy” rating and issued a $63.00 price objective on shares of Wells Fargo & Co. in a report on Wednesday, June 1st. Vetr downgraded Wells Fargo & Co. from a “hold” rating to a “sell” rating and set a $46.32 price objective on the stock. in a report on Tuesday, August 30th. Royal Bank Of Canada restated a “buy” rating on shares of Wells Fargo & Co. in a report on Thursday, May 26th. Finally, Drexel Hamilton restated a “buy” rating on shares of Wells Fargo & Co. in a report on Thursday, May 26th. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. Wells Fargo & Co. has a consensus rating of “Hold” and an average price target of $52.26.

In other news, COO Timothy J. Sloan sold 20,500 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $48.92, for a total value of $1,002,860.00. Following the sale, the chief operating officer now directly owns 650,815 shares in the company, valued at approximately $31,837,869.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:WFC

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