Fieldview Capital Management LLC Purchases 14,924 Shares of Wells Fargo & Company $WFC

Fieldview Capital Management LLC increased its position in shares of Wells Fargo & Company (NYSE:WFC) by 147.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,073 shares of the financial services provider’s stock after acquiring an additional 14,924 shares during the quarter. Fieldview Capital Management LLC’s holdings in Wells Fargo & Company were worth $2,102,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Wells Fargo & Company by 62.3% in the 4th quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider’s stock valued at $4,652,000 after purchasing an additional 25,436 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Wells Fargo & Company during the 2nd quarter worth approximately $3,436,000. Campbell & CO Investment Adviser LLC raised its stake in shares of Wells Fargo & Company by 11.0% during the second quarter. Campbell & CO Investment Adviser LLC now owns 16,166 shares of the financial services provider’s stock worth $1,295,000 after buying an additional 1,607 shares during the last quarter. Midwest Trust Co bought a new stake in shares of Wells Fargo & Company during the second quarter worth approximately $1,327,000. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Wells Fargo & Company by 3.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,710 shares of the financial services provider’s stock valued at $938,000 after buying an additional 406 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Insider Buying and Selling

In other Wells Fargo & Company news, EVP Ellen R. Patterson sold 60,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of the transaction, the executive vice president directly owned 169,496 shares of the company’s stock, valued at approximately $14,813,950.40. The trade was a 26.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bridget E. Engle sold 30,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the completion of the sale, the executive vice president owned 83,478 shares of the company’s stock, valued at $7,270,933.80. This trade represents a 26.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 115,000 shares of company stock valued at $10,050,000. 0.08% of the stock is owned by company insiders.

Wells Fargo & Company Stock Down 2.1%

Shares of NYSE WFC opened at $78.76 on Tuesday. Wells Fargo & Company has a 52-week low of $58.42 and a 52-week high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $243.03 billion, a P/E ratio of 12.56, a P/E/G ratio of 0.88 and a beta of 1.08. The firm has a 50 day moving average price of $89.15 and a 200 day moving average price of $86.66.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.10. The company had revenue of $21.29 billion for the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. Analysts expect 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 was paid on Sunday, March 1st. Investors of record on Friday, February 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

Analyst Upgrades and Downgrades

WFC has been the topic of a number of recent research reports. Evercore reaffirmed an “outperform” rating on shares of Wells Fargo & Company in a research note on Friday. CICC Research assumed coverage on shares of Wells Fargo & Company in a research report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 target price for the company. Robert W. Baird raised Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price target on the stock in a research note on Friday, February 13th. Barclays raised their price target on Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Wells Fargo & Company in a research note on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus price target of $97.03.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.