Moody Lynn & Lieberson LLC Sells 18,371 Shares of Wells Fargo & Company $WFC

Moody Lynn & Lieberson LLC cut its stake in shares of Wells Fargo & Company (NYSE:WFC) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187,468 shares of the financial services provider’s stock after selling 18,371 shares during the period. Wells Fargo & Company accounts for about 0.9% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 27th biggest holding. Moody Lynn & Lieberson LLC’s holdings in Wells Fargo & Company were worth $17,472,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new position in shares of Wells Fargo & Company in the third quarter valued at $27,000. Marquette Asset Management LLC increased its holdings in Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after buying an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in Wells Fargo & Company during the third quarter worth $30,000. Kilter Group LLC acquired a new stake in Wells Fargo & Company in the second quarter valued at $31,000. Finally, Imprint Wealth LLC acquired a new stake in Wells Fargo & Company in the third quarter valued at $31,000. 75.90% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other Wells Fargo & Company news, EVP Bridget E. Engle sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.10, for a total value of $2,613,000.00. Following the completion of the sale, the executive vice president owned 83,478 shares of the company’s stock, valued at $7,270,933.80. The trade was a 26.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ellen R. Patterson sold 60,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the transaction, the executive vice president owned 169,496 shares in the company, valued at approximately $14,813,950.40. The trade was a 26.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 115,000 shares of company stock worth $10,050,000 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC opened at $79.52 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $245.38 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 0.82 and a beta of 1.08. The stock’s fifty day moving average price is $84.20 and its two-hundred day moving average price is $86.25. Wells Fargo & Company has a one year low of $58.42 and a one year high of $97.76.

Wells Fargo & Company (NYSE:WFCGet Free Report) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The company had revenue of $21.29 billion during the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. On average, equities analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were paid a $0.45 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.80 annualized dividend and a yield of 2.3%. Wells Fargo & Company’s payout ratio is 28.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wolfe Research restated an “outperform” rating and set a $109.00 price objective on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Barclays raised their target price on shares of Wells Fargo & Company from $94.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Keefe, Bruyette & Woods lifted their price target on Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Wednesday, January 21st. Finally, Evercore restated an “outperform” rating on shares of Wells Fargo & Company in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus price target of $97.13.

Get Our Latest Report on Wells Fargo & Company

About Wells Fargo & Company

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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

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