RFG Advisory Group LLC decreased its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 10.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,285 shares of the financial services provider’s stock after selling 1,007 shares during the quarter. RFG Advisory Group LLC’s holdings in Wells Fargo & Co were worth $457,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Wells Fargo & Co 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 raised its stake in shares of Wells Fargo & Co by 0.7% in the second quarter. Winch Advisory Services LLC now owns 2,776 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 20 shares during the period. Jackson Grant Investment Advisers Inc. raised its stake in shares of Wells Fargo & Co by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,954 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 26 shares during the period. Financial Advisory Group raised its stake in shares of Wells Fargo & Co by 0.7% in the second quarter. Financial Advisory Group now owns 5,029 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 35 shares during the period. Finally, Financial Advisory Service Inc. raised its stake in shares of Wells Fargo & Co by 0.6% in the second quarter. Financial Advisory Service Inc. now owns 7,067 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 42 shares during the period. 75.70% of the stock is currently owned by institutional investors.

Wells Fargo & Co (NYSE WFC) opened at $63.12 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Wells Fargo & Co has a 1-year low of $49.27 and a 1-year high of $63.40. The stock has a market cap of $311,050.00, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last issued its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.20). Wells Fargo & Co had a return on equity of 12.59% and a net margin of 22.00%. The business had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. equities analysts anticipate that Wells Fargo & Co will post 3.98 earnings per share for the current year.

In other Wells Fargo & Co news, VP Richard Levy sold 97,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John R. Shrewsberry sold 70,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,482 shares of company stock worth $10,471,050. 0.22% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on the stock. Vetr raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.49 target price on the stock in a research note on Tuesday, October 24th. Atlantic Securities raised shares of Wells Fargo & Co from an “underweight” rating to a “neutral” rating in a research note on Wednesday. Piper Jaffray Companies reissued a “neutral” rating and issued a $50.00 target price (down previously from $52.00) on shares of Wells Fargo & Co in a research note on Wednesday, September 13th. Vertical Group raised shares of Wells Fargo & Co from a “sell” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, Sandler O’Neill raised shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and increased their target price for the company from $62.04 to $73.00 in a research note on Tuesday. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $59.79.

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Wells Fargo & Co 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.

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

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