Bridges Investment Counsel Inc. trimmed its position in shares of Wells Fargo & Company (NYSE:WFC) by 58.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,080 shares of the financial services provider’s stock after selling 65,642 shares during the period. Wells Fargo & Company makes up approximately 1.4% of Bridges Investment Counsel Inc.’s investment portfolio, making the stock its 18th largest position. Bridges Investment Counsel Inc.’s holdings in Wells Fargo & Company were worth $2,597,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $1,095,000. Brick & Kyle Associates boosted its stake in shares of Wells Fargo & Company by 9.5% in the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 162 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $104,000. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Wells Fargo & Company by 0.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 6 shares in the last quarter. Finally, Delphi Private Advisors LLC boosted its stake in shares of Wells Fargo & Company by 262.8% in the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,461 shares in the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

A number of equities research analysts have recently weighed in on WFC shares. Robert W. Baird restated a “buy” rating and issued a $58.00 price target on shares of Wells Fargo & Company in a research note on Tuesday, September 5th. Keefe, Bruyette & Woods set a $61.00 price target on shares of Wells Fargo & Company and gave the company a “buy” rating in a research note on Friday, August 25th. Instinet restated a “buy” rating and issued a $65.00 price target (up from $64.00) on shares of Wells Fargo & Company in a research note on Saturday, September 30th. Nomura raised their price target on shares of Wells Fargo & Company from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, September 28th. Finally, Citigroup restated a “buy” rating and issued a $65.00 price target (up from $60.00) on shares of Wells Fargo & Company in a research note on Monday, October 9th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Wells Fargo & Company presently has a consensus rating of “Hold” and a consensus target price of $57.25.

Wells Fargo & Company (NYSE WFC) traded up $0.65 during trading on Friday, reaching $59.87. 36,043,545 shares of the company’s stock traded hands, compared to its average volume of 20,802,504. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Wells Fargo & Company has a 52-week low of $49.27 and a 52-week high of $60.65. The company has a market cap of $294,815.50, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.44 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.20). Wells Fargo & Company had a return on equity of 12.59% and a net margin of 22.00%. The firm had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. equities research analysts expect that Wells Fargo & Company will post 3.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.56 annualized dividend and a dividend yield of 2.61%. Wells Fargo & Company’s dividend payout ratio is currently 40.31%.

In other news, insider Michael J. Loughlin sold 17,482 shares of Wells Fargo & Company stock in a transaction on Monday, December 4th. The shares were sold at an average price of $57.80, for a total value of $1,010,459.60. The transaction 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 Wells Fargo & Company stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock valued at $10,471,050 in the last quarter. 0.22% of the stock is currently owned by company insiders.

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About Wells Fargo & Company

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 & Company (NYSE:WFC)

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