64,491 Shares in Wells Fargo & Co (WFC) Acquired by Wexford Capital LP

Wexford Capital LP bought a new stake in shares of Wells Fargo & Co (NYSE:WFC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 64,491 shares of the financial services provider’s stock, valued at approximately $3,554,000.

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 raised its position in shares of 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 during the last quarter. Gould Asset Management LLC CA raised its position in shares of 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 during the last quarter. TCI Wealth Advisors Inc. raised its position in shares of 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 during the last quarter. Finally, Notis McConarty Edward raised its position in shares of 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 during 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% on Thursday, reaching $53.19. 11,507,365 shares of the company’s stock traded hands. The company has a 50 day moving average of $56.27 and a 200-day moving average of $53.52. Wells Fargo & Co has a 52 week low of $43.55 and a 52 week high of $59.99. The stock has a market capitalization of $265.78 billion, a PE ratio of 13.30 and a beta of 0.98.

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

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WFC has been the subject of several recent analyst reports. Deutsche Bank AG restated a “buy” rating on shares of Wells Fargo & Co in a research report on Friday, December 23rd. Vetr downgraded shares of Wells Fargo & Co from a “sell” rating to a “strong sell” rating and set a $48.64 price objective for the company. in a research note on Monday, December 26th. Guggenheim lowered shares of Wells Fargo & Co from a “buy” rating to a “neutral” rating in a report on Wednesday, December 28th. Zacks Investment Research raised shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Thursday, December 29th. Finally, Barclays PLC upped their price target on shares of Wells Fargo & Co from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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, Director Stephen W. Sanger acquired 58,342 shares of Wells Fargo & Co stock in a transaction on Monday, April 17th. The shares were purchased at an average cost of $51.65 per share, with a total value of $3,013,364.30. Following the completion of the purchase, the director now directly owns 100 shares of the company’s stock, valued at approximately $5,165. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

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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