Michael J. Loughlin Sells 17,482 Shares of Wells Fargo & Company (WFC) Stock

Wells Fargo & Company (NYSE:WFC) insider Michael J. Loughlin sold 17,482 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $57.80, for a total value of $1,010,459.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Wells Fargo & Company (NYSE WFC) traded up $0.21 on Wednesday, reaching $58.76. 13,298,651 shares of the company’s stock were exchanged, compared to its average volume of 18,320,225. The company has a market capitalization of $289,120.00, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.38 and a beta of 0.96. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Wells Fargo & Company has a 1 year low of $49.27 and a 1 year high of $59.99.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Thursday, November 2nd. Wells Fargo & Company’s dividend payout ratio is 40.31%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AXA raised its stake in shares of Wells Fargo & Company by 30.4% in the third quarter. AXA now owns 1,752,761 shares of the financial services provider’s stock valued at $96,664,000 after acquiring an additional 408,349 shares during the last quarter. Sage Capital Advisors llc raised its stake in shares of Wells Fargo & Company by 17.0% in the third quarter. Sage Capital Advisors llc now owns 51,173 shares of the financial services provider’s stock valued at $2,822,000 after acquiring an additional 7,435 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Wells Fargo & Company by 964.6% in the third quarter. Chicago Partners Investment Group LLC now owns 14,149 shares of the financial services provider’s stock valued at $780,000 after acquiring an additional 12,820 shares during the last quarter. Institutional & Family Asset Management LLC raised its stake in shares of Wells Fargo & Company by 1.1% in the third quarter. Institutional & Family Asset Management LLC now owns 102,873 shares of the financial services provider’s stock valued at $5,673,000 after acquiring an additional 1,126 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Wells Fargo & Company by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 3,195,496 shares of the financial services provider’s stock valued at $176,232,000 after acquiring an additional 11,412 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

WFC has been the topic of several research analyst reports. Vetr downgraded Wells Fargo & Company from a “hold” rating to a “sell” rating and set a $54.49 price target on the stock. in a research report on Thursday, November 2nd. UBS reaffirmed a “neutral” rating and issued a $56.00 price target (down from $59.00) on shares of Wells Fargo & Company in a research report on Friday, September 15th. Zacks Investment Research raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Piper Jaffray Companies reissued a “neutral” rating and set a $50.00 target price (down from $52.00) on shares of Wells Fargo & Company in a research report on Wednesday, September 13th. Finally, Robert W. Baird reissued a “buy” rating and set a $58.00 target price on shares of Wells Fargo & Company in a research report on Tuesday, September 5th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Wells Fargo & Company has an average rating of “Hold” and an average 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.

Insider Buying and Selling by Quarter for Wells Fargo & Company (NYSE:WFC)

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