Aperio Group LLC Grows Position in Wells Fargo & Co (WFC)

Aperio Group LLC increased its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,720,339 shares of the financial services provider’s stock after acquiring an additional 51,426 shares during the quarter. Wells Fargo & Co makes up approximately 0.5% of Aperio Group LLC’s holdings, making the stock its 27th biggest holding. Aperio Group LLC’s holdings in Wells Fargo & Co were worth $94,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WFC. Delphi Private Advisors LLC boosted its holdings in shares of Wells Fargo & Co by 262.8% in the second quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,461 shares in the last quarter. Stelac Advisory Services LLC bought a new position in shares of Wells Fargo & Co in the second quarter valued at approximately $104,000. Patriot Financial Group Insurance Agency LLC boosted its holdings 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 in the last quarter. Clear Investment Research LLC bought a new position in shares of Wells Fargo & Co in the second quarter valued at approximately $121,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of Wells Fargo & Co by 63.9% in the second quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 891 shares in the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.

In other news, VP Richard Levy sold 97,000 shares of the stock in a transaction on 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 document filed with the SEC, which is accessible through the SEC website. Also, insider John R. Shrewsberry sold 70,000 shares of the stock in a transaction on 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. In the last 90 days, insiders have sold 184,482 shares of company stock worth $10,471,050. 0.22% of the stock is currently owned by company insiders.

WFC has been the subject of several recent analyst reports. Vetr upgraded shares of Wells Fargo & Co to a “strong-buy” rating in a report on Thursday, September 7th. Goldman Sachs Group restated a “buy” rating on shares of Wells Fargo & Co in a report on Wednesday, October 11th. Royal Bank of Canada restated a “buy” rating and set a $60.00 target price on shares of Wells Fargo & Co in a report on Wednesday, November 15th. Vertical Group upgraded shares of Wells Fargo & Co from a “sell” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Robert W. Baird restated a “buy” rating and set a $58.00 target price on shares of Wells Fargo & Co in a report on Tuesday, September 5th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Wells Fargo & Co has a consensus rating of “Hold” and an average price target of $57.75.

Shares of Wells Fargo & Co (NYSE:WFC) opened at $61.55 on Tuesday. Wells Fargo & Co has a 12-month low of $49.27 and a 12-month high of $62.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89. The stock has a market cap of $303,310.00, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last released its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Wells Fargo & Co had a return on equity of 9.33% and a net margin of 21.23%. The company had revenue of $21.93 billion during the quarter, compared to analysts’ expectations of $22.30 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. equities analysts expect that Wells Fargo & Co will post 3.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were paid 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 dividend yield of 2.53%. Wells Fargo & Co’s dividend payout ratio (DPR) is 40.31%.

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About Wells Fargo & Co

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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