Boulegeris Investments Inc. Sells 3,500 Shares of Wells Fargo & Company (WFC)

Boulegeris Investments Inc. trimmed its holdings in Wells Fargo & Company (NYSE:WFC) by 14.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,346 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. Wells Fargo & Company makes up about 0.6% of Boulegeris Investments Inc.’s holdings, making the stock its 24th biggest position. Boulegeris Investments Inc.’s holdings in Wells Fargo & Company were worth $1,127,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in WFC. Schaper Benz & Wise Investment Counsel Inc. WI increased its holdings in shares of Wells Fargo & Company by 2.2% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 241,697 shares of the financial services provider’s stock valued at $13,453,000 after acquiring an additional 5,165 shares during the period. Cedar Wealth Management LLC increased its holdings in shares of Wells Fargo & Company by 5.6% in the 1st quarter. Cedar Wealth Management LLC now owns 3,654 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 193 shares during the period. First Houston Capital Inc. increased its holdings in shares of Wells Fargo & Company by 26.7% in the 1st quarter. First Houston Capital Inc. now owns 10,900 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 2,300 shares during the period. Willingdon Wealth Management increased its holdings in shares of Wells Fargo & Company by 3.9% in the 1st quarter. Willingdon Wealth Management now owns 6,164 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 229 shares during the period. Finally, Wheatland Advisors Inc. increased its holdings in shares of Wells Fargo & Company by 9.8% in the 1st quarter. Wheatland Advisors Inc. now owns 24,609 shares of the financial services provider’s stock valued at $1,370,000 after acquiring an additional 2,201 shares during the period. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on WFC. Vertical Group raised shares of Wells Fargo & Company from a “sell” rating to a “buy” rating in a research note on Thursday. Vetr cut shares of Wells Fargo & Company from a “hold” rating to a “sell” rating and set a $53.07 price objective on the stock. in a research note on Monday, October 2nd. Instinet reissued a “buy” rating and issued a $65.00 price objective (up from $64.00) on shares of Wells Fargo & Company in a research note on Saturday, September 30th. Nomura boosted their price objective on shares of Wells Fargo & Company from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, September 28th. Finally, UBS set a $57.00 price objective on shares of Wells Fargo & Company and gave the company a “neutral” rating in a research note on Friday, October 6th. Five investment 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’s stock. The company has a consensus rating of “Hold” and an average price target of $57.25.

Wells Fargo & Company (NYSE WFC) traded up $0.79 during trading on Thursday, hitting $59.36. 32,990,606 shares of the company traded hands, compared to its average volume of 18,418,125. Wells Fargo & Company has a 1-year low of $49.27 and a 1-year high of $60.00. 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 cap of $294,100.00, a price-to-earnings ratio of 14.14, a PEG ratio of 1.41 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 EPS for the quarter, missing the consensus estimate 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 business had revenue of $21.93 billion during the quarter, compared to analysts’ expectations of $22.30 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Wells Fargo & Company’s quarterly revenue was down 1.8% on a year-over-year basis. research analysts forecast that Wells Fargo & Company will post 3.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were given a $0.39 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.56 annualized dividend and a dividend yield of 2.63%. Wells Fargo & Company’s dividend payout ratio is presently 40.31%.

In other Wells Fargo & Company news, VP Richard Levy sold 97,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John R. Shrewsberry sold 70,000 shares of the company’s stock in a transaction dated 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. Insiders sold a total of 184,482 shares of company stock worth $10,471,050 over the last quarter. Insiders own 0.22% of the company’s stock.

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Wells Fargo & 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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