Endurance Wealth Management Inc. cut its stake in Wells Fargo & Co (NYSE:WFC) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,329 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Endurance Wealth Management Inc.’s holdings in Wells Fargo & Co were worth $2,435,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WFC. HC Financial Advisors Inc. bought a new position in shares of Wells Fargo & Co during the 4th quarter worth about $2,232,000. Banque Pictet & Cie SA lifted its holdings in shares of Wells Fargo & Co by 13.9% during the 1st quarter. Banque Pictet & Cie SA now owns 1,040,308 shares of the financial services provider’s stock worth $54,523,000 after acquiring an additional 126,733 shares during the period. Silvant Capital Management LLC bought a new position in shares of Wells Fargo & Co during the 1st quarter worth about $4,788,000. Ceredex Value Advisors LLC bought a new position in shares of Wells Fargo & Co during the 1st quarter worth about $62,653,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Wells Fargo & Co during the 1st quarter worth about $154,981,000. Institutional investors and hedge funds own 77.57% of the company’s stock.

Shares of WFC stock opened at $52.11 on Friday. Wells Fargo & Co has a 12-month low of $50.26 and a 12-month high of $66.31. The stock has a market cap of $256.37 billion, a P/E ratio of 12.68, a PEG ratio of 1.43 and a beta of 1.15. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.22.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.04). Wells Fargo & Co had a net margin of 22.03% and a return on equity of 12.38%. On average, equities research analysts expect that Wells Fargo & Co will post 4.55 EPS for the current fiscal year.

A number of research firms have recently commented on WFC. UBS Group set a $63.00 price objective on shares of Wells Fargo & Co and gave the stock a “buy” rating in a report on Friday, September 28th. Zacks Investment Research raised shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Thursday, July 19th. Susquehanna Bancshares set a $63.00 price target on shares of Wells Fargo & Co and gave the company a “hold” rating in a report on Friday, July 13th. Keefe, Bruyette & Woods raised shares of Wells Fargo & Co from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $57.00 to $63.00 in a report on Sunday, July 15th. They noted that the move was a valuation call. Finally, Macquarie downgraded shares of Wells Fargo & Co from an “outperform” rating to a “neutral” rating in a report on Friday, September 7th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Wells Fargo & Co presently has a consensus rating of “Hold” and an average price target of $64.22.

In other Wells Fargo & Co news, EVP Avid Modjtabai sold 100,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $58.71, for a total value of $5,871,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hope A. Hardison sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $58.01, for a total transaction of $1,450,250.00. Following the completion of the sale, the executive vice president now owns 109 shares of the company’s stock, valued at approximately $6,323.09. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Wells Fargo & Co Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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

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