Baxter Bros Inc. Sells 789 Shares of Wells Fargo & Company (NYSE:WFC)

Baxter Bros Inc. trimmed its holdings in Wells Fargo & Company (NYSE:WFC) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 122,777 shares of the financial services provider’s stock after selling 789 shares during the quarter. Baxter Bros Inc.’s holdings in Wells Fargo & Company were worth $6,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its holdings in shares of Wells Fargo & Company by 12.7% in the third quarter. Exchange Traded Concepts LLC now owns 3,754 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 424 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in Wells Fargo & Company by 10.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 21,029 shares of the financial services provider’s stock worth $859,000 after acquiring an additional 2,009 shares in the last quarter. Guyasuta Investment Advisors Inc. boosted its stake in shares of Wells Fargo & Company by 16.4% during the third quarter. Guyasuta Investment Advisors Inc. now owns 6,773 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 955 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Wells Fargo & Company by 6.7% in the 3rd quarter. Brown Advisory Inc. now owns 247,652 shares of the financial services provider’s stock worth $10,119,000 after acquiring an additional 15,658 shares in the last quarter. Finally, Eclectic Associates Inc. ADV lifted its position in shares of Wells Fargo & Company by 2.0% during the third quarter. Eclectic Associates Inc. ADV now owns 14,041 shares of the financial services provider’s stock valued at $574,000 after buying an additional 280 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Up 0.2 %

Shares of Wells Fargo & Company stock traded up $0.11 during trading hours on Friday, hitting $59.94. The company’s stock had a trading volume of 17,298,461 shares, compared to its average volume of 19,706,676. The business has a fifty day moving average of $57.63 and a 200 day moving average of $50.23. The company has a market capitalization of $212.21 billion, a PE ratio of 12.51, a P/E/G ratio of 1.16 and a beta of 1.18. Wells Fargo & Company has a 1-year low of $36.40 and a 1-year high of $61.76. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 1.14.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.10. The company had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.19 billion. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. Wells Fargo & Company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 EPS. As a group, equities analysts forecast that Wells Fargo & Company will post 5.08 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Friday, May 10th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.34%. Wells Fargo & Company’s dividend payout ratio is presently 29.23%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WFC. Morgan Stanley raised their price target on Wells Fargo & Company from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $51.00 target price on shares of Wells Fargo & Company in a research note on Tuesday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of Wells Fargo & Company from $59.00 to $61.50 and gave the company a “neutral” rating in a report on Wednesday. The Goldman Sachs Group upped their target price on Wells Fargo & Company from $57.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Compass Point reiterated a “neutral” rating and set a $64.00 price objective on shares of Wells Fargo & Company in a research note on Tuesday, April 9th. Fourteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $58.99.

Wells Fargo & Company Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.