Shell Asset Management Co. lifted its stake in Wells Fargo & Company (NYSE:WFC) by 35.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,032,719 shares of the financial services provider’s stock after purchasing an additional 268,765 shares during the quarter. Wells Fargo & Company comprises about 0.9% of Shell Asset Management Co.’s holdings, making the stock its 12th largest holding. Shell Asset Management Co.’s holdings in Wells Fargo & Company were worth $53,567,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. acquired a new stake in Wells Fargo & Company during the second quarter worth $1,095,000. Brick & Kyle Associates increased its stake in 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 worth $103,000 after acquiring an additional 162 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in Wells Fargo & Company during the second quarter worth $104,000. Patriot Financial Group Insurance Agency LLC increased its stake in 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 worth $106,000 after acquiring an additional 6 shares during the last quarter. Finally, Delphi Private Advisors LLC increased its stake in 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 worth $100,000 after acquiring an additional 1,461 shares during the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. Vertical Group raised Wells Fargo & Company from a “sell” rating to a “buy” rating in a research note on Thursday, December 7th. Vetr raised Wells Fargo & Company from a “sell” rating to a “strong-buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Goldman Sachs Group reissued a “buy” rating on shares of Wells Fargo & Company in a research note on Wednesday, October 11th. Finally, Robert W. Baird reissued a “buy” rating and set a $58.00 target price on shares of Wells Fargo & Company in a research note on Friday, October 6th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $57.25.

Wells Fargo & Company (NYSE WFC) traded up $0.65 during trading hours on Friday, reaching $59.87. The company had a trading volume of 36,043,545 shares, compared to its average volume of 20,802,504. The stock has a market capitalization of $294,815.50, a price-to-earnings ratio of 14.46, a PEG ratio of 1.44 and a beta of 0.96. Wells Fargo & Company has a 52-week low of $49.27 and a 52-week high of $60.65. 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 (NYSE:WFC) last released its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ 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 net margin of 22.00% and a return on equity of 12.59%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $1.03 earnings per share. equities analysts anticipate that Wells Fargo & Company will post 3.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were issued a $0.39 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 2.61%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 40.31%.

In related news, insider Michael J. Loughlin sold 17,482 shares of Wells Fargo & Company stock in a transaction on Monday, December 4th. The stock was sold at an average price of $57.80, for a total value of $1,010,459.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $3,983,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,482 shares of company stock valued at $10,471,050. 0.22% of the stock is currently owned by company insiders.

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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.

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

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