Macquarie Group Ltd. trimmed its holdings in Wells Fargo & Co (NYSE:WFC) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 970,954 shares of the financial services provider’s stock after selling 17,324 shares during the quarter. Macquarie Group Ltd.’s holdings in Wells Fargo & Co were worth $53,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Wells Fargo & Co in the 2nd quarter worth approximately $1,095,000. Stelac Advisory Services LLC purchased a new position in shares of Wells Fargo & Co in the second quarter worth $104,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of 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 buying an additional 6 shares during the period. Clear Investment Research LLC purchased a new position in shares of Wells Fargo & Co in the second quarter worth $121,000. Finally, Westside Investment Management Inc. increased its stake in shares of 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 buying an additional 891 shares during the period. Hedge funds and other institutional investors own 76.19% of the company’s stock.

Several brokerages recently commented on WFC. Goldman Sachs Group reaffirmed a “buy” rating on shares of Wells Fargo & Co in a research note on Wednesday, October 11th. Vetr raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.49 target price on the stock in a research note on Tuesday, October 24th. Vertical Group began coverage on shares of Wells Fargo & Co in a research note on Friday, October 6th. They issued a “sell” rating on the stock. Credit Suisse Group reaffirmed a “hold” rating and issued a $57.00 target price on shares of Wells Fargo & Co in a research note on Tuesday, October 10th. Finally, UBS Group set a $55.00 target price on shares of Wells Fargo & Co and gave the stock a “hold” rating in a research note on Monday, October 16th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $61.71.

Wells Fargo & Co (NYSE WFC) opened at $64.73 on Tuesday. 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 stock has a market cap of $318,980.00, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.96. Wells Fargo & Co has a 1 year low of $49.27 and a 1 year high of $64.75.

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

In other Wells Fargo & Co news, insider Michael J. Loughlin sold 17,482 shares of the business’s stock in a transaction on Monday, December 4th. The shares were 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 SEC, which can be accessed through this hyperlink. Also, insider John R. Shrewsberry sold 70,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $56.90, for a total transaction 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 worth $10,471,050. Insiders own 0.22% of the company’s stock.

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Wells Fargo & Co 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.

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

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