YorkBridge Wealth Partners LLC reduced its stake in shares of Wells Fargo & Company (NYSE:WFC) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,366 shares of the financial services provider’s stock after selling 300 shares during the quarter. Wells Fargo & Company makes up approximately 1.1% of YorkBridge Wealth Partners LLC’s portfolio, making the stock its 20th largest position. YorkBridge Wealth Partners LLC’s holdings in Wells Fargo & Company were worth $2,028,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Balyasny Asset Management LLC boosted its holdings in shares of Wells Fargo & Company by 6,302.4% during the second quarter. Balyasny Asset Management LLC now owns 3,002,158 shares of the financial services provider’s stock worth $166,350,000 after purchasing an additional 2,955,267 shares during the period. Arete Wealth Advisors LLC lifted its stake in Wells Fargo & Company by 76.0% in the second quarter. Arete Wealth Advisors LLC now owns 19,642 shares of the financial services provider’s stock valued at $1,088,000 after acquiring an additional 8,484 shares during the last quarter. QS Investors LLC lifted its stake in Wells Fargo & Company by 0.7% in the second quarter. QS Investors LLC now owns 232,739 shares of the financial services provider’s stock valued at $12,896,000 after acquiring an additional 1,512 shares during the last quarter. Frontier Wealth Management LLC lifted its stake in Wells Fargo & Company by 1.3% in the second quarter. Frontier Wealth Management LLC now owns 97,249 shares of the financial services provider’s stock valued at $5,389,000 after acquiring an additional 1,281 shares during the last quarter. Finally, InterOcean Capital LLC lifted its stake in Wells Fargo & Company by 9.3% in the second quarter. InterOcean Capital LLC now owns 13,306 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 1,136 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

In related 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 document filed with the SEC, which is available at the SEC website. Also, VP Richard Levy sold 97,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total transaction of $5,477,590.00. The disclosure for this sale can be found here. Insiders have sold 184,482 shares of company stock worth $10,471,050 in the last ninety days. 0.22% of the stock is currently owned by insiders.

A number of analysts have issued reports on the stock. Vetr upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating and set a $54.49 target price for the company in a research note on Tuesday, October 24th. Vertical Group upgraded shares of Wells Fargo & Company from a “sell” rating to a “buy” rating in a research note on Thursday. Piper Jaffray Companies reiterated a “neutral” rating and issued a $50.00 target price (down from $52.00) on shares of Wells Fargo & Company in a research note on Wednesday, September 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $59.00 target price on shares of Wells Fargo & Company in a research note on Monday, October 16th. Finally, UBS reiterated a “neutral” rating and issued a $56.00 target price (down from $59.00) on shares of Wells Fargo & Company in a research note on Friday, September 15th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Wells Fargo & Company presently has a consensus rating of “Hold” and an average target price of $57.25.

Wells Fargo & Company (NYSE:WFC) traded down $0.05 during trading hours on Monday, hitting $59.31. 22,017,000 shares of the stock were exchanged, compared to its average volume of 18,433,326. Wells Fargo & Company has a 12 month low of $49.27 and a 12 month high of $60.00. The company has a market capitalization of $292,057.91, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.43 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 released its quarterly earnings results 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 net margin of 22.00% and a return on equity of 12.59%. The firm had revenue of $21.93 billion during the quarter, compared to the consensus estimate of $22.30 billion. During the same period in the prior year, the business earned $1.03 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. research analysts expect that Wells Fargo & Company will post 3.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors 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 yield of 2.63%. The ex-dividend date of this dividend was Thursday, November 2nd. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 40.31%.

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About Wells Fargo & Company

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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