Wells Fargo & Co (WFC) Shares Sold by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. lowered its holdings in Wells Fargo & Co (NYSE:WFC) by 30.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,151 shares of the financial services provider’s stock after selling 7,410 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Wells Fargo & Co were worth $946,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Wells Fargo & Co in the second quarter worth $1,095,000. Stelac Advisory Services LLC purchased a new position in shares of Wells Fargo & Co during the 2nd quarter valued at $104,000. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Wells Fargo & Co 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 valued at $106,000 after buying an additional 6 shares during the last quarter. Clear Investment Research LLC purchased a new position in shares of Wells Fargo & Co during the 2nd quarter valued at $121,000. Finally, Westside Investment Management Inc. lifted its position in shares of Wells Fargo & Co by 63.9% during the 2nd quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $127,000 after buying an additional 891 shares during the last quarter. 75.70% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on WFC shares. Sandler O’Neill raised Wells Fargo & Co from a “hold” rating to a “buy” rating and upped their price target for the company from $62.04 to $73.00 in a research report on Tuesday, January 9th. Vetr cut Wells Fargo & Co from a “hold” rating to a “sell” rating and set a $54.49 price target on the stock. in a research report on Thursday, November 2nd. Zacks Investment Research raised Wells Fargo & Co from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Buckingham Research raised Wells Fargo & Co from a “neutral” rating to a “buy” rating and upped their price target for the company from $57.00 to $75.00 in a research report on Thursday, December 21st. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $59.00 price target on shares of Wells Fargo & Co in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. Wells Fargo & Co currently has an average rating of “Hold” and a consensus target price of $60.89.

Shares of Wells Fargo & Co (NYSE WFC) opened at $62.55 on Friday. The stock has a market capitalization of $308,240.00, a PE ratio of 15.15, a P/E/G ratio of 1.66 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 & Co has a 1-year low of $49.27 and a 1-year high of $63.67.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.07). The company had revenue of $22.05 billion for 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 business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. analysts expect that Wells Fargo & Co will post 3.98 earnings per share for the current fiscal year.

In related news, insider John R. Shrewsberry sold 70,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $1,010,459.60. The disclosure for this sale can be found here. Insiders have sold a total of 184,482 shares of company stock worth $10,471,050 in the last three months. 0.22% of the stock is currently owned by insiders.

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Wells Fargo & Co 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 & Co (NYSE:WFC)

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