Ashfield Capital Partners LLC decreased its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 1.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,190 shares of the financial services provider’s stock after selling 1,455 shares during the quarter. Ashfield Capital Partners LLC’s holdings in Wells Fargo & Co were worth $5,470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stelac Advisory Services LLC bought a new position in Wells Fargo & Co in the second quarter worth approximately $104,000. Patriot Financial Group Insurance Agency LLC grew its stake in Wells Fargo & Co by 0.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 6 shares in the last quarter. Clear Investment Research LLC bought a new position in Wells Fargo & Co in the second quarter worth approximately $121,000. Westside Investment Management Inc. grew its stake in Wells Fargo & Co by 63.9% in the second quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 891 shares in the last quarter. Finally, BDO Wealth Advisors LLC bought a new position in Wells Fargo & Co in the second quarter worth approximately $151,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Michael J. Loughlin sold 17,482 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $57.80, for a total transaction of $1,010,459.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Richard Levy sold 97,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,482 shares of company stock valued at $10,471,050. Company insiders own 0.22% of the company’s stock.

Shares of Wells Fargo & Co (NYSE:WFC) opened at $64.22 on Friday. Wells Fargo & Co has a twelve month low of $49.27 and a twelve month high of $64.31. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $316,470.00, a price-to-earnings ratio of 15.55, a PEG ratio of 1.68 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.07). Wells Fargo & Co had a net margin of 22.57% and a return on equity of 12.24%. The business had revenue of $22.05 billion for the quarter, compared to analysts’ expectations of $22.64 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. sell-side analysts expect that Wells Fargo & Co will post 4.7 earnings per share for the current year.

A number of analysts have weighed in on the company. Vetr upgraded Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.49 target price for the company in a report on Tuesday, October 24th. Vertical Group upgraded Wells Fargo & Co from a “sell” rating to a “buy” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods restated a “buy” rating and set a $59.00 target price on shares of Wells Fargo & Co in a report on Monday, October 16th. Buckingham Research upgraded Wells Fargo & Co from a “neutral” rating to a “buy” rating and upped their target price for the stock from $57.00 to $75.00 in a report on Thursday, December 21st. They noted that the move was a valuation call. Finally, Citigroup restated a “buy” rating and set a $65.00 target price (up previously from $60.00) on shares of Wells Fargo & Co in a report on Monday, October 9th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.71.

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About Wells Fargo & Co

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

Institutional Ownership by Quarter for Wells Fargo & Co (NYSE:WFC)

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