Wells Fargo & Company (NYSE:WFC) Holdings Increased by Bank of Stockton

Bank of Stockton boosted its stake in Wells Fargo & Company (NYSE:WFC - Free Report) by 40.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,229 shares of the financial services provider's stock after buying an additional 17,578 shares during the quarter. Wells Fargo & Company makes up about 1.0% of Bank of Stockton's holdings, making the stock its 18th biggest position. Bank of Stockton's holdings in Wells Fargo & Company were worth $3,459,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Mattson Financial Services LLC purchased a new stake in shares of Wells Fargo & Company during the second quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Wells Fargo & Company during the second quarter worth about $26,000. Valued Wealth Advisors LLC boosted its stake in Wells Fargo & Company by 53.7% in the 2nd quarter. Valued Wealth Advisors LLC now owns 630 shares of the financial services provider's stock worth $37,000 after buying an additional 220 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in Wells Fargo & Company by 704.3% in the 1st quarter. J.Safra Asset Management Corp now owns 740 shares of the financial services provider's stock valued at $43,000 after buying an additional 648 shares during the period. Finally, Fairscale Capital LLC acquired a new position in shares of Wells Fargo & Company during the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WFC shares. Phillip Securities raised shares of Wells Fargo & Company from a "neutral" rating to an "accumulate" rating and raised their target price for the stock from $60.83 to $65.00 in a research report on Tuesday, October 15th. Compass Point raised their target price on Wells Fargo & Company from $57.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, October 15th. Morgan Stanley decreased their price target on Wells Fargo & Company from $68.00 to $67.00 and set an "overweight" rating for the company in a report on Monday, September 30th. Evercore ISI lifted their price objective on shares of Wells Fargo & Company from $68.00 to $71.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Finally, BMO Capital Markets upped their target price on shares of Wells Fargo & Company from $55.00 to $57.00 and gave the company a "market perform" rating in a research note on Thursday, July 11th. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $61.82.

Wells Fargo & Company Stock Performance

Shares of WFC traded down $0.91 during mid-day trading on Friday, hitting $64.52. The stock had a trading volume of 14,854,954 shares, compared to its average volume of 18,084,012. Wells Fargo & Company has a fifty-two week low of $38.62 and a fifty-two week high of $65.95. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.09. The company has a market cap of $219.61 billion, a PE ratio of 13.40, a PEG ratio of 1.46 and a beta of 1.16. The company's fifty day simple moving average is $57.41 and its two-hundred day simple moving average is $58.20.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.14. The firm had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.40 billion. Wells Fargo & Company had a net margin of 14.43% and a return on equity of 12.25%. The firm's revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.39 earnings per share. On average, equities analysts expect that Wells Fargo & Company will post 5.36 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 8th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, November 8th. Wells Fargo & Company's dividend payout ratio is presently 33.26%.

Insider Buying and Selling

In related news, EVP Ather Williams III sold 60,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $63.70, for a total value of $3,822,000.00. Following the sale, the executive vice president now owns 163,610 shares of the company's stock, valued at approximately $10,421,957. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Ather Williams III sold 60,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $63.70, for a total value of $3,822,000.00. Following the sale, the executive vice president now owns 163,610 shares of the company's stock, valued at $10,421,957. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Beurden Saul Van sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $61.99, for a total transaction of $2,169,650.00. Following the completion of the sale, the executive vice president now owns 126,687 shares in the company, valued at $7,853,327.13. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.

Wells Fargo & Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.