Oak Associates Ltd. OH lessened its stake in shares of Wells Fargo & Company (NYSE:WFC) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 495,366 shares of the financial services provider’s stock after selling 3,442 shares during the period. Wells Fargo & Company accounts for 2.1% of Oak Associates Ltd. OH’s portfolio, making the stock its 10th largest holding. Oak Associates Ltd. OH’s holdings in Wells Fargo & Company were worth $27,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Wells Fargo & Company by 0.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 6 shares during the period. Winch Advisory Services LLC lifted its position in Wells Fargo & Company by 0.7% in the second quarter. Winch Advisory Services LLC now owns 2,776 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 20 shares during the period. Jackson Grant Investment Advisers Inc. lifted its position in Wells Fargo & Company by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,928 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 24 shares during the period. Financial Advisory Group lifted its position in Wells Fargo & Company by 0.7% in the second quarter. Financial Advisory Group now owns 5,029 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 35 shares during the period. Finally, Keystone Financial Planning Inc. lifted its position in Wells Fargo & Company by 0.6% in the first quarter. Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 39 shares during the period. Institutional investors own 75.77% of the company’s stock.

In other news, insider John R. Shrewsberry sold 70,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total value of $3,983,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard Levy sold 97,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,482 shares of company stock valued at $10,471,050. 0.22% of the stock is currently owned by corporate insiders.

Several brokerages recently commented on WFC. Vertical Group raised Wells Fargo & Company from a “sell” rating to a “buy” rating in a research report on Thursday, December 7th. Vetr raised Wells Fargo & Company from a “sell” rating to a “strong-buy” rating in a research report on Monday, November 6th. Zacks Investment Research raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Wells Fargo & Company in a research report on Wednesday, October 11th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $58.00 target price on shares of Wells Fargo & Company in a research report on Friday, October 6th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $57.25.

Shares of Wells Fargo & Company (WFC) traded down $0.93 during midday trading on Thursday, hitting $59.40. The company’s stock had a trading volume of 18,227,000 shares, compared to its average volume of 18,449,338. The company has a market capitalization of $297,080.66, a PE ratio of 14.57, a PEG ratio of 1.45 and a beta of 0.96. Wells Fargo & Company has a 12 month low of $49.27 and a 12 month high of $60.56. 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 & Company (NYSE:WFC) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.20). The company had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. Wells Fargo & Company had a net margin of 22.00% and a return on equity of 12.59%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. equities analysts forecast that Wells Fargo & Company will post 3.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.63%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 40.31%.

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Wells Fargo & Company Company 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.

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

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