Genesee Valley Trust Co. cut its position in shares of Wells Fargo & Company (NYSE:WFC) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,401 shares of the financial services provider’s stock after selling 136 shares during the period. Genesee Valley Trust Co.’s holdings in Wells Fargo & were worth $1,629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Delphi Private Advisors LLC raised its stake in shares of Wells Fargo & by 262.8% in the 2nd 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. Brick & Kyle Associates raised its stake in shares of Wells Fargo & by 9.5% in the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 162 shares in the last quarter. Stelac Advisory Services LLC bought a new position in shares of Wells Fargo & in the 2nd quarter valued at approximately $104,000. Clear Investment Research LLC bought a new position in shares of Wells Fargo & in the 2nd quarter valued at approximately $121,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Wells Fargo & in the 1st quarter valued at approximately $124,000. 75.86% of the stock is owned by institutional investors.

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A number of research analysts recently weighed in on WFC shares. Vetr downgraded Wells Fargo & from a “hold” rating to a “sell” rating and set a $54.49 price objective on the stock. in a research note on Thursday, November 2nd. UBS AG reissued a “neutral” rating and issued a $56.00 price objective (down from $59.00) on shares of Wells Fargo & in a research note on Friday, September 15th. Zacks Investment Research raised Wells Fargo & from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $50.00 price target (down from $52.00) on shares of Wells Fargo & in a research report on Wednesday, September 13th. Finally, Berenberg Bank downgraded Wells Fargo & from a “hold” rating to a “sell” rating and lifted their price target for the stock from $35.00 to $45.00 in a research report on Friday, July 21st. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.20.

Wells Fargo & Company (NYSE WFC) opened at $53.72 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89. Wells Fargo & Company has a 52-week low of $49.27 and a 52-week high of $59.99. The stock has a market capitalization of $264,974.47, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97.

Wells Fargo & (NYSE:WFC) last released its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). The firm had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. Wells Fargo & had a return on equity of 12.59% and a net margin of 22.00%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. equities research analysts expect that Wells Fargo & Company will post 3.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.90%. Wells Fargo &’s payout ratio is currently 40.31%.

Wells Fargo & 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 & (NYSE:WFC)

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