AMG Funds LLC grew its holdings in Wells Fargo & Company (NYSE:WFC) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,045 shares of the financial services provider’s stock after purchasing an additional 146 shares during the period. AMG Funds LLC’s holdings in Wells Fargo & Company were worth $1,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WFC. Delphi Private Advisors LLC increased its stake in shares of Wells Fargo & Company 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 buying an additional 1,461 shares during the period. Brick & Kyle Associates increased its stake in shares of Wells Fargo & Company by 9.5% during the first quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after buying an additional 162 shares during the period. Stelac Advisory Services LLC purchased a new position in shares of Wells Fargo & Company during the second quarter valued at $104,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Wells Fargo & Company 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 buying an additional 6 shares during the period. Finally, Clear Investment Research LLC purchased a new position in shares of Wells Fargo & Company during the second quarter valued at $121,000. Institutional investors and hedge funds own 75.77% of the company’s stock.

Shares of Wells Fargo & Company (NYSE:WFC) traded up $1.16 during midday trading on Wednesday, reaching $58.55. The company’s stock had a trading volume of 39,754,602 shares, compared to its average volume of 18,320,225. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91. The firm has a market capitalization of $289,120.00, a P/E ratio of 13.86, a PEG ratio of 1.38 and a beta of 0.96. Wells Fargo & Company has a fifty-two week low of $49.27 and a fifty-two week high of $59.99.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.66%. The ex-dividend date was Thursday, November 2nd. Wells Fargo & Company’s dividend payout ratio is presently 40.31%.

In related news, insider John R. Shrewsberry sold 70,000 shares of Wells Fargo & Company stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Loughlin sold 17,482 shares of Wells Fargo & Company stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $57.80, for a total value of $1,010,459.60. The disclosure for this sale can be found here. In the last three months, insiders sold 184,482 shares of company stock valued at $10,471,050. Corporate insiders own 0.22% of the company’s stock.

Several equities analysts have recently commented on the company. Vetr upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating and set a $54.49 price target on the stock in a research note on Tuesday, October 24th. Piper Jaffray Companies restated a “neutral” rating and set a $50.00 price target (down previously from $52.00) on shares of Wells Fargo & Company in a research note on Wednesday, September 13th. Keefe, Bruyette & Woods restated a “buy” rating and set a $59.00 price target on shares of Wells Fargo & Company in a research note on Monday, October 16th. UBS reaffirmed a “neutral” rating and set a $56.00 price objective (down previously from $59.00) on shares of Wells Fargo & Company in a research report on Friday, September 15th. Finally, Vertical Group assumed coverage on Wells Fargo & Company in a research report on Friday, October 6th. They set a “sell” rating on the stock. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $57.25.

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Wells Fargo & Company Company 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.

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

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