LSV Asset Management lowered its stake in shares of Wells Fargo & Company (NYSE:WFC) by 4.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,706,247 shares of the financial services provider’s stock after selling 191,300 shares during the quarter. LSV Asset Management owned about 0.07% of Wells Fargo & Company worth $205,363,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WFC. Delphi Private Advisors LLC boosted its position in shares of Wells Fargo & Company by 262.8% in 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 during the period. Brick & Kyle Associates boosted its position in shares of Wells Fargo & Company by 9.5% in the first 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 during the period. Stelac Advisory Services LLC bought a new stake in shares of Wells Fargo & Company in the second quarter valued at approximately $104,000. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Wells Fargo & Company by 0.3% in 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 during the period. Finally, Clear Investment Research LLC bought a new stake in shares of Wells Fargo & Company in the second quarter valued at approximately $121,000. 75.78% of the stock is owned by hedge funds and other institutional investors.

Wells Fargo & Company (NYSE:WFC) traded down $0.27 during trading on Friday, reaching $56.20. The company’s stock had a trading volume of 31,242,318 shares, compared to its average volume of 17,043,476. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. Wells Fargo & Company has a 1 year low of $49.27 and a 1 year high of $59.99. The firm has a market capitalization of $278,073.00, a price-to-earnings ratio of 13.64, a P/E/G ratio of 1.36 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data 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). Wells Fargo & Company had a return on equity of 12.59% and a net margin of 22.00%. The company had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.30 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. sell-side analysts forecast that Wells Fargo & Company will post 3.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, November 2nd. This represents a $1.56 annualized dividend and a yield of 2.78%. Wells Fargo & Company’s dividend payout ratio is currently 40.31%.

In other Wells Fargo & Company news, VP Richard Levy sold 97,000 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John R. Shrewsberry sold 70,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total value of $3,983,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Several research firms have recently weighed in on WFC. Royal Bank Of Canada reissued a “buy” rating and issued a $60.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, November 15th. Vetr raised Wells Fargo & Company from a “sell” rating to a “strong-buy” rating in a research report on Monday, November 6th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $59.00 price objective on shares of Wells Fargo & Company in a research report on Monday, October 16th. UBS set a $55.00 price objective on Wells Fargo & Company and gave the company a “hold” rating in a research report on Monday, October 16th. Finally, BMO Capital Markets increased their price objective on Wells Fargo & Company from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Monday, October 16th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $57.25.

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About Wells Fargo & Company

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 & Company (NYSE:WFC)

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