Wells Fargo & Co (WFC) Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA decreased its position in shares of Wells Fargo & Co (NYSE:WFC) by 6.9% in the fourth quarter, Holdings Channel reports. The fund owned 61,603 shares of the financial services provider’s stock after selling 4,580 shares during the period. Appleton Partners Inc. MA’s holdings in Wells Fargo & Co were worth $3,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in WFC. Boston Partners lifted its position in Wells Fargo & Co by 140.1% during the 2nd quarter. Boston Partners now owns 19,088,621 shares of the financial services provider’s stock worth $1,057,700,000 after acquiring an additional 11,139,780 shares during the last quarter. Capital World Investors lifted its position in Wells Fargo & Co by 10.8% during the 2nd quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock worth $6,192,259,000 after acquiring an additional 10,927,679 shares during the last quarter. Capital Research Global Investors lifted its position in Wells Fargo & Co by 19.7% during the 2nd quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock worth $2,511,614,000 after acquiring an additional 7,445,414 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Wells Fargo & Co by 26.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock worth $1,653,464,000 after acquiring an additional 6,291,906 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Wells Fargo & Co by 396.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,894,918 shares of the financial services provider’s stock worth $326,655,000 after acquiring an additional 4,707,207 shares during the last quarter. 75.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Wells Fargo & Co (NYSE:WFC) opened at $58.81 on Friday. The firm has a market cap of $289,600.00, a PE ratio of 17.05, a P/E/G ratio of 1.57 and a beta of 1.01. Wells Fargo & Co has a 52 week low of $49.27 and a 52 week high of $66.31. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.90 and a quick ratio of 0.88.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, January 12th. The financial services provider reported $0.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.07). The business had revenue of $22.05 billion during the quarter, compared to the consensus estimate of $22.64 billion. Wells Fargo & Co had a net margin of 22.57% and a return on equity of 12.24%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. equities analysts expect that Wells Fargo & Co will post 4.72 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 2nd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.56 dividend on an annualized basis and a yield of 2.65%. Wells Fargo & Co’s payout ratio is currently 45.22%.

Wells Fargo & Co announced that its Board of Directors has authorized a stock buyback program on Tuesday, January 23rd that permits the company to buyback 350,000,000 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

A number of brokerages have recently commented on WFC. Bank of America cut their price objective on shares of Wells Fargo & Co from $70.00 to $69.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Morgan Stanley lowered shares of Wells Fargo & Co from an “equal weight” rating to an “underweight” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. lowered shares of Wells Fargo & Co from a “neutral” rating to an “underweight” rating in a research report on Monday, February 5th. Vetr raised shares of Wells Fargo & Co from a “sell” rating to a “strong-buy” rating in a research report on Monday, November 6th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $75.00 price objective on shares of Wells Fargo & Co in a research report on Monday, January 8th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $62.90.

In other Wells Fargo & Co 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 transaction of $5,477,590.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald Sargent acquired 9,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $55.98 per share, for a total transaction of $503,820.00. Following the completion of the purchase, the director now directly owns 81 shares of the company’s stock, valued at approximately $4,534.38. The disclosure for this purchase can be found here. In the last three months, insiders sold 184,482 shares of company stock worth $10,471,050. 0.22% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for Wells Fargo & Co (NYSE:WFC)

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