Fisher Asset Management LLC lessened its stake in shares of Wells Fargo & Company (NYSE:WFC) by 58.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 290,384 shares of the financial services provider’s stock after selling 401,608 shares during the period. Fisher Asset Management LLC’s holdings in Wells Fargo & Company were worth $16,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Delphi Private Advisors LLC raised its holdings in 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 buying an additional 1,461 shares during the period. Brick & Kyle Associates raised its holdings in 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 buying an additional 162 shares during the period. Stelac Advisory Services LLC purchased a new stake in Wells Fargo & Company in the 2nd quarter valued at about $104,000. Patriot Financial Group Insurance Agency LLC raised its holdings in 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 buying an additional 6 shares during the period. Finally, Clear Investment Research LLC purchased a new stake in Wells Fargo & Company in the 2nd quarter valued at about $121,000. Institutional investors and hedge funds own 75.69% of the company’s stock.

In other news, insider Michael J. Loughlin sold 17,482 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John R. Shrewsberry sold 70,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.90, for a total value of $3,983,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,482 shares of company stock valued at $10,471,050. Corporate insiders own 0.22% of the company’s stock.

Several brokerages recently issued reports on WFC. Zacks Investment Research upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Tuesday. Vertical Group upgraded shares of Wells Fargo & Company from a “sell” rating to a “buy” rating in a report on Thursday, December 7th. Vetr upgraded shares of Wells Fargo & Company from a “sell” rating to a “strong-buy” rating in a report on Monday, November 6th. Goldman Sachs Group restated a “buy” rating on shares of Wells Fargo & Company in a report on Wednesday, October 11th. Finally, Robert W. Baird restated a “buy” rating and issued a $58.00 price objective on shares of Wells Fargo & Company in a report on Friday, October 6th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $57.25.

Wells Fargo & Company (NYSE WFC) opened at $60.36 on Wednesday. Wells Fargo & Company has a 52-week low of $49.27 and a 52-week high of $61.27. The company has a market capitalization of $297,450.00, a PE ratio of 14.46, a PEG ratio of 1.44 and a beta of 0.96. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the Zacks’ 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 company had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.30 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. research analysts predict that Wells Fargo & Company will post 3.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, November 2nd. Wells Fargo & Company’s dividend payout ratio is presently 40.31%.

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Wells Fargo & Company Company Profile

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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