Wells Fargo & Company (WFC) Shares Bought by Sand Hill Global Advisors LLC

Sand Hill Global Advisors LLC grew its stake in Wells Fargo & Company (NYSE:WFC) by 76.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,034 shares of the financial services provider’s stock after purchasing an additional 8,666 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Wells Fargo & Company were worth $1,110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brick & Kyle Associates increased its position in Wells Fargo & Company by 9.5% during the first quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 162 shares during the period. Stelac Advisory Services LLC bought a new position in Wells Fargo & Company during the second quarter worth about $104,000. Patriot Financial Group Insurance Agency LLC increased its position in Wells Fargo & Company by 0.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 6 shares during the period. Delphi Private Advisors LLC increased its position in Wells Fargo & Company by 262.8% during the second quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 1,461 shares during the period. Finally, Clear Investment Research LLC bought a new position in Wells Fargo & Company during the second quarter worth about $121,000. 75.77% of the stock is currently owned by institutional investors.

In other news, VP Richard Levy sold 97,000 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John R. Shrewsberry sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were 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. Company insiders own 0.22% of the company’s stock.

Wells Fargo & Company (NYSE WFC) traded up $1.19 during mid-day trading on Tuesday, reaching $57.39. 28,720,300 shares of the company’s stock traded hands, compared to its average volume of 18,228,227. Wells Fargo & Company has a 52-week low of $49.27 and a 52-week high of $59.99. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The company has a market cap of $291,040.00, a price-to-earnings ratio of 13.57, a P/E/G ratio of 1.35 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Wells Fargo & Company had a net margin of 22.00% and a return on equity of 12.59%. The company had revenue of $21.93 billion during the quarter, compared to analyst estimates of $22.30 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. equities research analysts forecast that Wells Fargo & Company will post 3.97 EPS for the current fiscal year.

The business also recently declared 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 was Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.72%. Wells Fargo & Company’s payout ratio is currently 40.31%.

A number of equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, November 15th. Vetr raised shares of Wells Fargo & Company from a “sell” rating to a “strong-buy” rating in a research report on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $59.00 price target on shares of Wells Fargo & Company in a research report on Monday, October 16th. UBS set a $55.00 price target on shares of Wells Fargo & Company and gave the stock a “hold” rating in a research report on Monday, October 16th. Finally, BMO Capital Markets raised their price target on shares of Wells Fargo & Company from $49.00 to $50.00 and gave the stock a “market perform” rating in a research report on Monday, October 16th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $57.25.

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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.

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

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