Wells Fargo & Company (NYSE:WFC) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its stake in Wells Fargo & Company (NYSE:WFC - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,754,783 shares of the financial services provider's stock after selling 77,468 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Wells Fargo & Company worth $123,256,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WFC. Income Research & Management acquired a new position in shares of Wells Fargo & Company in the 3rd quarter worth approximately $211,000. Modus Advisors LLC purchased a new position in shares of Wells Fargo & Company during the fourth quarter worth $30,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at $30,000. Decker Retirement Planning Inc. purchased a new stake in shares of Wells Fargo & Company in the 4th quarter valued at $32,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Wells Fargo & Company during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock traded up $0.73 on Tuesday, hitting $80.71. The stock had a trading volume of 15,316,468 shares, compared to its average volume of 15,227,039. The stock has a market cap of $268.72 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.22 and a beta of 1.18. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 52-week low of $50.15 and a 52-week high of $81.50. The company's 50 day moving average price is $74.55 and its 200 day moving average price is $66.35.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.09. The business had revenue of $20.38 billion during the quarter, compared to the consensus estimate of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The company's revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, research analysts anticipate 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 will be paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.98%. The ex-dividend date is Friday, February 7th. Wells Fargo & Company's payout ratio is currently 29.74%.

Analyst Upgrades and Downgrades

WFC has been the topic of a number of recent research reports. Barclays boosted their price target on shares of Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Morgan Stanley increased their target price on shares of Wells Fargo & Company from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. UBS Group boosted their price target on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Citigroup lifted their target price on Wells Fargo & Company from $67.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods increased their price target on Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $73.39.

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.