Rockefeller Financial Services Inc. Sells 19,836 Shares of Wells Fargo & Co (WFC)

Rockefeller Financial Services Inc. lowered its holdings in Wells Fargo & Co (NYSE:WFC) by 1.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,983,891 shares of the financial services provider’s stock after selling 19,836 shares during the period. Wells Fargo & Co comprises 2.1% of Rockefeller Financial Services Inc.’s portfolio, making the stock its 11th largest position. Rockefeller Financial Services Inc.’s holdings in Wells Fargo & Co were worth $109,412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WFC. Vanguard Group Inc. increased its position in Wells Fargo & Co by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 314,755,460 shares of the financial services provider’s stock valued at $17,440,601,000 after acquiring an additional 3,621,402 shares during the period. Capital World Investors increased its position in Wells Fargo & Co by 10.8% in the 2nd quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock valued at $6,192,259,000 after acquiring an additional 10,927,679 shares during the period. Capital Research Global Investors increased its position in Wells Fargo & Co by 19.7% in the 2nd quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock valued at $2,511,614,000 after acquiring an additional 7,445,414 shares during the period. Dimensional Fund Advisors LP increased its position in Wells Fargo & Co by 26.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock valued at $1,653,464,000 after acquiring an additional 6,291,906 shares during the period. Finally, Davis Selected Advisers increased its position in Wells Fargo & Co by 1.9% in the 2nd quarter. Davis Selected Advisers now owns 25,966,811 shares of the financial services provider’s stock valued at $1,438,821,000 after acquiring an additional 472,585 shares during the period. 75.70% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on WFC. Sanford C. Bernstein upgraded Wells Fargo & Co from a “market perform” rating to an “outperform” rating and raised their target price for the company from $64.00 to $69.00 in a research report on Wednesday, January 3rd. Atlantic Securities upgraded Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 target price on the stock in a research report on Wednesday. Vetr cut Wells Fargo & Co from a “hold” rating to a “sell” rating and set a $53.07 target price on the stock. in a research report on Monday, October 2nd. Instinet reiterated a “buy” rating and set a $65.00 price target (up from $64.00) on shares of Wells Fargo & Co in a research report on Saturday, September 30th. Finally, Vining Sparks reiterated a “buy” rating and set a $75.00 price target on shares of Wells Fargo & Co in a research report on Monday. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.94.

Wells Fargo & Co (WFC) traded down $0.11 during midday trading on Thursday, reaching $63.01. The company’s stock had a trading volume of 19,118,600 shares, compared to its average volume of 20,630,000. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $310,510.00, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.72 and a beta of 0.96. Wells Fargo & Co has a one year low of $49.27 and a one year high of $63.67.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings data 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). Wells Fargo & Co 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 the consensus estimate of $22.30 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. analysts forecast that Wells Fargo & Co will post 3.98 earnings per share for the current fiscal year.

In other Wells Fargo & Co news, VP Richard Levy sold 97,000 shares of Wells Fargo & Co stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Loughlin sold 17,482 shares of the business’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 value of $1,010,459.60. The disclosure for this sale can be found here. Over 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 company insiders.

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About Wells Fargo & Co

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 & Co (NYSE:WFC)

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