Aldebaran Financial Inc. boosted its stake in Wells Fargo & Company (NYSE:WFC) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,309 shares of the financial services provider’s stock after buying an additional 423 shares during the period. Aldebaran Financial Inc.’s holdings in Wells Fargo & Company were worth $294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Delphi Private Advisors LLC increased its position in 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 worth $100,000 after buying an additional 1,461 shares during the period. Brick & Kyle Associates increased its position in 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 worth $103,000 after buying an additional 162 shares during the period. Stelac Advisory Services LLC acquired a new stake in Wells Fargo & Company in the second quarter worth $104,000. Patriot Financial Group Insurance Agency LLC increased its position in 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 worth $106,000 after buying an additional 6 shares during the period. Finally, Clear Investment Research LLC acquired a new stake in Wells Fargo & Company in the second quarter worth $121,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Michael J. Loughlin sold 17,482 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $57.80, for a total transaction of $1,010,459.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Richard Levy sold 97,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The disclosure for this sale can be found here. Insiders have sold 184,482 shares of company stock valued at $10,471,050 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Several brokerages have weighed in on WFC. Vetr raised Wells Fargo & Company 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. Piper Jaffray Companies reissued a “neutral” rating and set a $50.00 price target (down from $52.00) on shares of Wells Fargo & Company in a report on Wednesday, September 13th. Vertical Group raised Wells Fargo & Company from a “sell” rating to a “buy” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $59.00 price target on shares of Wells Fargo & Company in a report on Monday, October 16th. Finally, UBS reissued a “neutral” rating and set a $56.00 price target (down from $59.00) on shares of Wells Fargo & Company in a report on Friday, September 15th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $57.25.

Shares of Wells Fargo & Company (NYSE:WFC) traded up $1.34 during mid-day trading on Friday, reaching $60.57. The company had a trading volume of 15,716,181 shares, compared to its average volume of 18,433,912. Wells Fargo & Company has a fifty-two week low of $49.27 and a fifty-two week high of $60.56. The company has a market capitalization of $292,501.09, a PE ratio of 14.35, a P/E/G ratio of 1.43 and a beta of 0.96. 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 (NYSE:WFC) last announced its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.20). Wells Fargo & Company had a net margin of 22.00% and a return on equity of 12.59%. 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 prior year, the business earned $1.03 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. sell-side analysts expect that Wells Fargo & Company will post 3.97 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.56 annualized dividend and a yield of 2.58%. Wells Fargo & Company’s dividend payout ratio is currently 40.31%.

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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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