Wells Fargo & Co (WFC) Shares Bought by Sather Financial Group Inc

Sather Financial Group Inc increased its stake in Wells Fargo & Co (NYSE:WFC) by 43.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,156 shares of the financial services provider’s stock after buying an additional 53,812 shares during the period. Wells Fargo & Co makes up about 3.4% of Sather Financial Group Inc’s investment portfolio, making the stock its 11th largest position. Sather Financial Group Inc’s holdings in Wells Fargo & Co were worth $9,818,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Alpha Windward LLC boosted its stake in Wells Fargo & Co by 0.6% in the third quarter. Alpha Windward LLC now owns 6,453 shares of the financial services provider’s stock worth $286,000 after buying an additional 37 shares in the last quarter. Sharkey Howes & Javer boosted its stake in Wells Fargo & Co by 0.7% in the third quarter. Sharkey Howes & Javer now owns 5,959 shares of the financial services provider’s stock worth $264,000 after buying an additional 44 shares in the last quarter. Gould Asset Management LLC CA boosted its stake in Wells Fargo & Co by 0.6% in the fourth quarter. Gould Asset Management LLC CA now owns 8,711 shares of the financial services provider’s stock worth $480,000 after buying an additional 50 shares in the last quarter. TCI Wealth Advisors Inc. boosted its stake in Wells Fargo & Co by 0.4% in the third quarter. TCI Wealth Advisors Inc. now owns 21,245 shares of the financial services provider’s stock worth $941,000 after buying an additional 95 shares in the last quarter. Finally, Notis McConarty Edward boosted its stake in Wells Fargo & Co by 0.3% in the third quarter. Notis McConarty Edward now owns 29,826 shares of the financial services provider’s stock worth $1,320,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 73.25% of the company’s stock.

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

Shares of Wells Fargo & Co (NYSE:WFC) traded up 1.99% during mid-day trading on Thursday, hitting $53.19. 11,507,365 shares of the stock traded hands. Wells Fargo & Co has a 12-month low of $43.55 and a 12-month high of $59.99. The stock has a market cap of $265.78 billion, a P/E ratio of 13.30 and a beta of 0.98. The firm’s 50 day moving average price is $56.27 and its 200-day moving average price is $53.52.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Wells Fargo & Co had a net margin of 23.30% and a return on equity of 12.60%. The company earned $22 billion during the quarter, compared to analyst estimates of $22.25 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. Analysts predict that Wells Fargo & Co will post $4.21 earnings per share for the current year.

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Several research analysts recently commented on WFC shares. Citigroup Inc reiterated a “buy” rating and issued a $62.00 price target (up previously from $51.00) on shares of Wells Fargo & Co in a research report on Tuesday, January 10th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Wells Fargo & Co in a research note on Wednesday, January 11th. Instinet reaffirmed a “buy” rating and set a $51.00 price target on shares of Wells Fargo & Co in a research note on Wednesday, January 11th. Zacks Investment Research downgraded shares of Wells Fargo & Co from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $58.00 price target on shares of Wells Fargo & Co in a research note on Tuesday, January 10th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the company. Wells Fargo & Co currently has an average rating of “Hold” and an average price target of $54.46.

In other news, CEO Timothy J. Sloan acquired 39,000 shares of Wells Fargo & Co stock in a transaction on Monday, April 17th. The stock was bought at an average cost of $51.65 per share, with a total value of $2,014,350.00. Following the completion of the purchase, the chief executive officer now owns 754,581 shares of the company’s stock, valued at $38,974,108.65. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David M. Carroll sold 117,704 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $59.02, for a total transaction of $6,946,890.08. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Wells Fargo & Co 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.

5 Day Chart for NYSE:WFC

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