Wells Fargo & Company (WFC) Shares Sold by Arlington Value Capital LLC

Arlington Value Capital LLC reduced its position in Wells Fargo & Company (NYSE:WFC) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,829 shares of the financial services provider’s stock after selling 33,600 shares during the period. Wells Fargo & Company makes up approximately 2.8% of Arlington Value Capital LLC’s holdings, making the stock its 11th largest holding. Arlington Value Capital LLC’s holdings in Wells Fargo & Company were worth $24,093,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WFC. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at about $1,095,000. Brick & Kyle Associates raised its holdings in shares of Wells Fargo & Company by 9.5% during the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after buying an additional 162 shares during the period. Stelac Advisory Services LLC purchased a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at about $104,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Wells Fargo & Company by 0.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock valued at $106,000 after buying an additional 6 shares during the period. Finally, Delphi Private Advisors LLC raised its holdings in shares of Wells Fargo & Company by 262.8% during the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,461 shares during the period. 75.77% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Richard Levy sold 97,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total value of $5,477,590.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John R. Shrewsberry sold 70,000 shares of the business’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 value of $3,983,000.00. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock valued at $10,471,050 over the last quarter. Company insiders own 0.22% of the company’s stock.

Wells Fargo & Company (NYSE WFC) traded down $0.05 during mid-day trading on Friday, reaching $59.31. The company’s stock had a trading volume of 21,749,452 shares, compared to its average volume of 20,635,358. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. Wells Fargo & Company has a 52 week low of $49.27 and a 52 week high of $60.00. The stock has a market cap of $292,057.94, a P/E ratio of 14.33, a PEG ratio of 1.43 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.20). Wells Fargo & Company 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 analysts’ expectations of $22.30 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Wells Fargo & Company’s revenue for the quarter was down 1.8% compared to the same quarter last year. equities research analysts anticipate that Wells Fargo & Company will post 3.97 EPS for the current fiscal year.

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

Several brokerages recently commented on WFC. Vertical Group upgraded Wells Fargo & Company from a “sell” rating to a “buy” rating in a report on Thursday. Vetr upgraded Wells Fargo & Company from a “sell” rating to a “strong-buy” rating in a report on Monday, November 6th. Zacks Investment Research upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Goldman Sachs Group reiterated a “buy” rating on shares of Wells Fargo & Company in a report on Wednesday, October 11th. Finally, Robert W. Baird reiterated a “buy” rating and set a $58.00 target price on shares of Wells Fargo & Company in a report on Friday, October 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. The company currently 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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