Wells Fargo & Company (NYSE:WFC) Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. cut its stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,458 shares of the financial services provider's stock after selling 4,484 shares during the period. Accredited Investors Inc.'s holdings in Wells Fargo & Company were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of WFC. Coldstream Capital Management Inc. grew its stake in shares of Wells Fargo & Company by 18.4% during the third quarter. Coldstream Capital Management Inc. now owns 43,973 shares of the financial services provider's stock valued at $2,558,000 after buying an additional 6,841 shares during the last quarter. Sunbelt Securities Inc. grew its position in Wells Fargo & Company by 4.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 23,830 shares of the financial services provider's stock valued at $1,346,000 after acquiring an additional 1,027 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Wells Fargo & Company by 105.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,010,101 shares of the financial services provider's stock worth $57,060,000 after purchasing an additional 518,524 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of Wells Fargo & Company by 1.7% during the third quarter. Rehmann Capital Advisory Group now owns 30,826 shares of the financial services provider's stock worth $1,747,000 after purchasing an additional 521 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in shares of Wells Fargo & Company by 21.4% during the third quarter. TCW Group Inc. now owns 556,662 shares of the financial services provider's stock valued at $31,446,000 after purchasing an additional 98,247 shares during the period. 75.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Royal Bank of Canada upgraded Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 price target for the company in a report on Thursday, March 13th. Citigroup reduced their price objective on Wells Fargo & Company from $82.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. dropped their price target on Wells Fargo & Company from $82.00 to $73.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Raymond James decreased their price objective on Wells Fargo & Company from $88.00 to $78.00 and set a "strong-buy" rating for the company in a report on Monday. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $75.13.

Wells Fargo & Company Price Performance

WFC stock traded up $0.76 during mid-day trading on Monday, reaching $63.27. The company's stock had a trading volume of 12,786,941 shares, compared to its average volume of 17,579,592. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The company's 50 day moving average is $72.83 and its two-hundred day moving average is $70.97. Wells Fargo & Company has a fifty-two week low of $50.15 and a fifty-two week high of $81.50. The stock has a market cap of $206.59 billion, a PE ratio of 11.76, a P/E/G ratio of 1.18 and a beta of 1.02.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The company had revenue of $20.15 billion for the quarter, compared to the consensus estimate of $20.82 billion. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. Wells Fargo & Company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. Equities research analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company's dividend payout ratio (DPR) is 29.74%.

Wells Fargo & Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.