Smith Moore & CO. raised its stake in Wells Fargo & Co (NYSE:WFC) by 26.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,651 shares of the financial services provider’s stock after purchasing an additional 2,035 shares during the period. Smith Moore & CO.’s holdings in Wells Fargo & Co were worth $532,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Becker Capital Management Inc. increased its holdings in shares of Wells Fargo & Co by 2.2% in the third quarter. Becker Capital Management Inc. now owns 1,157,784 shares of the financial services provider’s stock valued at $63,852,000 after purchasing an additional 24,593 shares during the last quarter. Bristol Advisors LLC increased its holdings in shares of Wells Fargo & Co by 602.9% in the third quarter. Bristol Advisors LLC now owns 48,500 shares of the financial services provider’s stock valued at $2,675,000 after purchasing an additional 41,600 shares during the last quarter. CCM Investment Advisers LLC grew its stake in shares of Wells Fargo & Co by 6.4% in the third quarter. CCM Investment Advisers LLC now owns 172,303 shares of the financial services provider’s stock valued at $9,502,000 after acquiring an additional 10,371 shares in the last quarter. West Coast Financial LLC acquired a new position in shares of Wells Fargo & Co in the third quarter valued at about $1,412,000. Finally, Klingenstein Fields & Co. LLC grew its stake in shares of Wells Fargo & Co by 5.1% in the third quarter. Klingenstein Fields & Co. LLC now owns 63,204 shares of the financial services provider’s stock valued at $3,486,000 after acquiring an additional 3,060 shares in the last quarter. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Several equities analysts recently commented on WFC shares. Vetr downgraded shares of Wells Fargo & Co from a “strong-buy” rating to a “sell” rating and set a $55.47 price target on the stock. in a research note on Monday. UBS Group set a $57.00 price target on shares of Wells Fargo & Co and gave the company a “neutral” rating in a research note on Friday, October 6th. Sanford C. Bernstein upgraded shares of Wells Fargo & Co from a “market perform” rating to an “outperform” rating and upped their price target for the company from $64.00 to $69.00 in a research note on Wednesday, January 3rd. BMO Capital Markets upped their price target on shares of Wells Fargo & Co from $49.00 to $50.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. Finally, Goldman Sachs Group restated a “buy” rating on shares of Wells Fargo & Co in a research note on Wednesday, October 11th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $61.02.

Shares of Wells Fargo & Co (WFC) opened at $63.01 on Friday. The firm has a market cap of $310,510.00, a PE ratio of 16.28, a P/E/G ratio of 1.72 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 & Co has a 52-week low of $49.27 and a 52-week high of $63.67.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). The company had revenue of $21.93 billion during the quarter, compared to the consensus estimate of $22.30 billion. Wells Fargo & Co had a return on equity of 12.59% and a net margin of 22.00%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. analysts expect that Wells Fargo & Co will post 3.98 EPS for the current fiscal year.

In other news, insider Michael J. Loughlin sold 17,482 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John R. Shrewsberry sold 70,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was 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. Insiders sold 184,482 shares of company stock valued at $10,471,050 in the last three months. Company 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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