MEMBERS Trust Co lessened its stake in shares of Wells Fargo & Company (NYSE:WFC) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,194 shares of the financial services provider’s stock after selling 277 shares during the quarter. MEMBERS Trust Co’s holdings in Wells Fargo & were worth $343,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Delphi Private Advisors LLC lifted its stake in shares of Wells Fargo & by 262.8% during the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,461 shares during the period. Brick & Kyle Associates lifted its stake in shares of Wells Fargo & by 9.5% during the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 162 shares during the period. Stelac Advisory Services LLC purchased a new position in shares of Wells Fargo & during the 2nd quarter worth $104,000. Clear Investment Research LLC purchased a new position in shares of Wells Fargo & during the 2nd quarter worth $121,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of Wells Fargo & during the 1st quarter worth $124,000. Hedge funds and other institutional investors own 75.86% of the company’s stock.

A number of brokerages have weighed in on WFC. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Wells Fargo & in a research note on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Wells Fargo & in a research report on Wednesday, October 11th. Vetr raised Wells Fargo & from a “sell” rating to a “hold” rating and set a $54.49 target price on the stock in a research report on Tuesday, October 24th. Vertical Group initiated coverage on Wells Fargo & in a research report on Friday, October 6th. They issued a “sell” rating on the stock. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $57.00 target price on shares of Wells Fargo & in a research report on Tuesday, October 10th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Wells Fargo & currently has an average rating of “Hold” and an average target price of $57.20.

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Shares of Wells Fargo & Company (NYSE:WFC) opened at $54.04 on Wednesday. Wells Fargo & Company has a twelve month low of $49.27 and a twelve month high of $59.99. The company has a market capitalization of $266,300.00, a P/E ratio of 13.00, a P/E/G ratio of 1.29 and a beta of 0.97. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.56 annualized dividend and a yield of 2.89%. Wells Fargo &’s payout ratio is 40.31%.

About Wells Fargo &

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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