Wells Fargo & Co (WFC) Shares Bought by Vantage Financial Partners Ltd. Inc.

Vantage Financial Partners Ltd. Inc. lifted its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,900 shares of the financial services provider’s stock after buying an additional 1,100 shares during the quarter. Wells Fargo & Co makes up approximately 0.8% of Vantage Financial Partners Ltd. Inc.’s investment portfolio, making the stock its 18th largest position. Vantage Financial Partners Ltd. Inc.’s holdings in Wells Fargo & Co were worth $1,153,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stelac Advisory Services LLC purchased a new stake in shares of Wells Fargo & Co during the second quarter worth approximately $104,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Wells Fargo & Co 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 purchasing an additional 6 shares in the last quarter. Clear Investment Research LLC purchased a new stake in shares of Wells Fargo & Co during the second quarter worth approximately $121,000. Westside Investment Management Inc. increased its position in shares of Wells Fargo & Co by 63.9% during the second quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 891 shares in the last quarter. Finally, America First Investment Advisors LLC increased its position in shares of Wells Fargo & Co by 8.3% during the second quarter. America First Investment Advisors LLC now owns 2,612 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 200 shares in the last quarter. 75.70% of the stock is owned by institutional investors and hedge funds.

In related news, insider Michael J. Loughlin sold 17,482 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Richard Levy sold 97,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was 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. Over the last quarter, insiders have sold 184,482 shares of company stock valued at $10,471,050. Company insiders own 0.22% of the company’s stock.

Wells Fargo & Co (NYSE:WFC) opened at $62.55 on Friday. The firm has a market capitalization of $308,240.00, a price-to-earnings ratio of 16.16, a PEG ratio of 1.72 and a beta of 0.96. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Wells Fargo & Co has a twelve month low of $49.27 and a twelve month high of $63.67.

Wells Fargo & Co (NYSE:WFC) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.13. The business had revenue of $22.05 billion during the quarter, compared to analysts’ expectations of $22.64 billion. Wells Fargo & Co had a return on equity of 12.59% and a net margin of 22.00%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. research analysts predict that Wells Fargo & Co will post 3.98 earnings per share for the current year.

Several analysts recently commented on WFC shares. Vertical Group upgraded Wells Fargo & Co from a “sell” rating to a “buy” rating in a research report on Thursday, December 7th. Sandler O’Neill upgraded Wells Fargo & Co from a “hold” rating to a “buy” rating and upped their target price for the company from $62.04 to $73.00 in a report on Tuesday. Goldman Sachs Group restated a “buy” rating on shares of Wells Fargo & Co in a report on Wednesday, October 11th. Royal Bank of Canada restated a “buy” rating and issued a $60.00 target price on shares of Wells Fargo & Co in a report on Wednesday, November 15th. Finally, BMO Capital Markets restated a “hold” rating and issued a $59.00 target price on shares of Wells Fargo & Co in a report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $61.02.

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About Wells Fargo & Co

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 & Co (NYSE:WFC)

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