Rothschild Investment Corp IL raised its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,045 shares of the financial services provider’s stock after buying an additional 2,194 shares during the period. Rothschild Investment Corp IL’s holdings in Wells Fargo & Co were worth $1,602,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. purchased a new position in Wells Fargo & Co during the second quarter valued at $1,095,000. Stelac Advisory Services LLC purchased a new position in Wells Fargo & Co during the second quarter valued at $104,000. Patriot Financial Group Insurance Agency LLC grew its stake in Wells Fargo & Co by 0.3% during 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 acquiring an additional 6 shares in the last quarter. Delphi Private Advisors LLC grew its stake in Wells Fargo & Co by 262.8% during the second quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,461 shares in the last quarter. Finally, Clear Investment Research LLC bought a new position in Wells Fargo & Co during the second quarter valued at $121,000. 75.70% of the stock is owned by institutional investors and hedge funds.
In other news, VP Richard Levy sold 97,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. The sale 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 business’s stock in a transaction dated Monday, December 4th. The shares were 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. Insiders have sold 184,482 shares of company stock valued at $10,471,050 in the last ninety days. Insiders own 0.22% of the company’s stock.
Shares of Wells Fargo & Co (NYSE:WFC) opened at $63.01 on Friday. 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 & Co has a 12 month low of $49.27 and a 12 month high of $63.67. The company has a market cap of $310,510.00, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96.
Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.20). The firm had revenue of $21.93 billion during the quarter, compared to analyst estimates of $22.30 billion. Wells Fargo & Co had a net margin of 22.00% and a return on equity of 12.59%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. equities research analysts predict that Wells Fargo & Co will post 3.98 earnings per share for the current year.
Several research firms have commented on WFC. BMO Capital Markets reiterated a “hold” rating and set a $59.00 price objective on shares of Wells Fargo & Co in a research report on Thursday, January 4th. Atlantic Securities upgraded shares of Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 price objective for the company in a research report on Wednesday. Vining Sparks restated a “buy” rating and issued a $75.00 target price on shares of Wells Fargo & Co in a report on Monday. Vetr lowered shares of Wells Fargo & Co from a “strong-buy” rating to a “sell” rating and set a $55.47 target price for the company. in a report on Monday. Finally, Sandler O’Neill raised shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and raised their price target for the stock from $62.04 to $73.00 in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $61.02.
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Wells Fargo & Co 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.
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