Phocas Financial Corp. maintained its stake in shares of Wells Fargo & Company (NYSE:WFC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,159 shares of the financial services provider’s stock at the end of the second quarter. Phocas Financial Corp.’s holdings in Wells Fargo & Company were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WFC. Delphi Private Advisors LLC boosted its stake in shares of Wells Fargo & Company by 262.8% in the second 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 during the period. Brick & Kyle Associates boosted its stake in shares of Wells Fargo & Company by 9.5% in the first 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 during the period. Stelac Advisory Services LLC purchased a new position in shares of Wells Fargo & Company in the second 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 second 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 during the period. Finally, Clear Investment Research LLC purchased a new position in shares of Wells Fargo & Company in the second quarter valued at approximately $121,000. 75.77% of the stock is owned by institutional investors.

Shares of Wells Fargo & Company (WFC) traded up $1.34 during trading on Friday, reaching $60.57. 15,716,181 shares of the company were exchanged, compared to its average volume of 18,433,912. Wells Fargo & Company has a one year low of $49.27 and a one year high of $60.56. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $292,501.09, a P/E ratio of 14.35, a P/E/G ratio of 1.43 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates 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 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. 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. Shareholders of record on Friday, November 3rd were issued a dividend of $0.39 per share. The ex-dividend date was Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 2.58%. Wells Fargo & Company’s payout ratio is currently 40.31%.

In other Wells Fargo & Company news, VP Richard Levy sold 97,000 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Loughlin sold 17,482 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $57.80, for a total transaction of $1,010,459.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,482 shares of company stock worth $10,471,050. 0.22% of the stock is owned by corporate insiders.

Several research analysts have recently commented on WFC shares. Vetr raised shares of Wells Fargo & Company to a “strong-buy” rating in a research note on Thursday, September 7th. Goldman Sachs Group reissued a “buy” rating on shares of Wells Fargo & Company in a research note on Wednesday, October 11th. Royal Bank of Canada reissued a “buy” rating and issued a $60.00 price objective on shares of Wells Fargo & Company in a research note on Wednesday, November 15th. Robert W. Baird reissued a “buy” rating and issued a $58.00 price objective on shares of Wells Fargo & Company in a research note on Tuesday, September 5th. Finally, Citigroup reissued a “buy” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Wells Fargo & Company in a research note on Monday, October 9th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Wells Fargo & Company has a consensus rating of “Hold” and an average target price of $57.25.

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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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