Mosaic Family Wealth LLC trimmed its stake in shares of Wells Fargo & Co (NYSE:WFC) by 13.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,309 shares of the financial services provider’s stock after selling 1,119 shares during the quarter. Mosaic Family Wealth LLC’s holdings in Wells Fargo & Co were worth $337,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in WFC. SevenBridge Financial Group LLC grew its holdings in Wells Fargo & Co by 500.0% during the 4th quarter. SevenBridge Financial Group LLC now owns 1,200 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,000 shares during the last quarter. Athena Capital Advisors LLC bought a new stake in Wells Fargo & Co during the 4th quarter worth approximately $42,000. Mercer Capital Advisers Inc. grew its holdings in Wells Fargo & Co by 81.3% during the 4th quarter. Mercer Capital Advisers Inc. now owns 1,171 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 525 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Wells Fargo & Co by 72.4% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,405 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 590 shares during the last quarter. Finally, Ruggie Capital Group bought a new stake in Wells Fargo & Co during the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 72.22% of the company’s stock.

A number of equities research analysts have weighed in on WFC shares. Zacks Investment Research lowered shares of Wells Fargo & Co from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. Royal Bank of Canada raised shares of Wells Fargo & Co from an “underperform” rating to a “sector perform” rating and set a $45.50 price objective on the stock in a research note on Wednesday, January 2nd. ValuEngine raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Credit Suisse Group reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Wells Fargo & Co in a research note on Friday, January 11th. Finally, Barclays reduced their price objective on shares of Wells Fargo & Co from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $59.67.

Shares of NYSE WFC opened at $47.79 on Thursday. The firm has a market cap of $237.94 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.89 and a beta of 1.11. Wells Fargo & Co has a 12-month low of $43.02 and a 12-month high of $59.53. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.87 and a current ratio of 0.88.

Wells Fargo & Co (NYSE:WFC) last issued its earnings results on Tuesday, January 15th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.04. The business had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.80 billion. Wells Fargo & Co had a net margin of 22.95% and a return on equity of 13.34%. Wells Fargo & Co’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 earnings per share. Equities research analysts predict that Wells Fargo & Co will post 4.94 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.watchlistnews.com/wells-fargo-co-wfc-shares-sold-by-mosaic-family-wealth-llc/2954598.html.

About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

Read More: Asset Allocation and Your Retirement

Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Co (NYSE:WFC).

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

Receive News & Ratings for Wells Fargo & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co and related companies with MarketBeat.com's FREE daily email newsletter.