Aureus Asset Management LLC cut its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 17.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,696 shares of the financial services provider’s stock after selling 1,174 shares during the quarter. Aureus Asset Management LLC’s holdings in Wells Fargo & Company were worth $316,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WFC. Delphi Private Advisors LLC raised its position in Wells Fargo & Company 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 buying an additional 1,461 shares during the last quarter. Brick & Kyle Associates raised its position in Wells Fargo & Company 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 buying an additional 162 shares during the last quarter. Stelac Advisory Services LLC purchased a new position in Wells Fargo & Company during the 2nd quarter worth approximately $104,000. Patriot Financial Group Insurance Agency LLC raised its position in Wells Fargo & Company by 0.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after buying an additional 6 shares during the last quarter. Finally, Clear Investment Research LLC purchased a new position in shares of Wells Fargo & Company during the 2nd quarter valued at approximately $121,000. 75.77% of the stock is owned by institutional investors.

In other Wells Fargo & Company news, VP Richard Levy sold 97,000 shares of Wells Fargo & Company stock in a transaction on 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 is accessible through the SEC website. Also, insider John R. Shrewsberry sold 70,000 shares of Wells Fargo & Company stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. 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. 0.22% of the stock is owned by insiders.

Shares of Wells Fargo & Company (NYSE WFC) traded down $0.05 during midday trading on Friday, reaching $59.31. 21,749,452 shares of the company traded hands, compared to its average volume of 20,635,358. The stock has a market cap of $292,057.94, a price-to-earnings ratio of 14.33, a PEG ratio of 1.43 and a beta of 0.96. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91. Wells Fargo & Company has a 12 month low of $49.27 and a 12 month high of $60.00.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.20). The company had revenue of $21.93 billion during the quarter, compared to analysts’ expectations 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 previous year, the firm posted $1.03 EPS. research analysts predict that Wells Fargo & Company will post 3.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.63%. The ex-dividend date was Thursday, November 2nd. Wells Fargo & Company’s payout ratio is presently 40.31%.

WFC has been the subject of several recent research reports. Robert W. Baird reaffirmed a “buy” rating and set a $58.00 target price on shares of Wells Fargo & Company in a report on Tuesday, September 5th. Keefe, Bruyette & Woods set a $61.00 target price on shares of Wells Fargo & Company and gave the company a “buy” rating in a report on Friday, August 25th. Instinet reaffirmed a “buy” rating and set a $65.00 target price (up from $64.00) on shares of Wells Fargo & Company in a report on Saturday, September 30th. Nomura lifted their target price on shares of Wells Fargo & Company from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, September 28th. Finally, Citigroup reaffirmed a “buy” rating and set a $65.00 target price (up from $60.00) on shares of Wells Fargo & Company in a report on Monday, October 9th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus 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.

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

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