Wells Fargo & Company (WFC) Position Reduced by Osborn Williams & Donohoe LLC

Osborn Williams & Donohoe LLC decreased its position in Wells Fargo & Company (NYSE:WFC) by 9.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 110,375 shares of the financial services provider’s stock after selling 11,923 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Wells Fargo & Company were worth $6,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Wells Fargo & Company by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 314,755,460 shares of the financial services provider’s stock valued at $17,440,601,000 after purchasing an additional 3,621,402 shares in the last quarter. Capital World Investors raised its holdings in Wells Fargo & Company by 10.8% in the 2nd quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock worth $6,192,259,000 after acquiring an additional 10,927,679 shares during the period. Capital Research Global Investors raised its holdings in Wells Fargo & Company by 19.7% in the 2nd quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock worth $2,511,614,000 after acquiring an additional 7,445,414 shares during the period. Dimensional Fund Advisors LP grew its position in Wells Fargo & Company by 26.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock worth $1,653,464,000 after purchasing an additional 6,291,906 shares during the last quarter. Finally, Davis Selected Advisers grew its position in Wells Fargo & Company by 1.9% in the 2nd quarter. Davis Selected Advisers now owns 25,966,811 shares of the financial services provider’s stock worth $1,438,821,000 after purchasing an additional 472,585 shares during the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Wells Fargo & Company (NYSE:WFC) traded up $0.65 during midday trading on Friday, hitting $59.87. 36,043,545 shares of the company’s stock were exchanged, compared to its average volume of 20,802,504. Wells Fargo & Company has a one year low of $49.27 and a one year high of $60.65. The company has a market capitalization of $294,815.50, a P/E ratio of 14.46, a PEG ratio of 1.44 and a beta of 0.96. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $21.93 billion during the quarter, compared to the consensus estimate of $22.30 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. research analysts expect that Wells Fargo & Company will post 3.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Thursday, November 2nd. Wells Fargo & Company’s dividend payout ratio is presently 40.31%.

Several brokerages have recently weighed in on WFC. Goldman Sachs Group reiterated a “buy” rating on shares of Wells Fargo & Company in a research report on Wednesday, October 11th. Vetr upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating and set a $54.49 target price on the stock in a research report on Tuesday, October 24th. Vertical Group began coverage on shares of Wells Fargo & Company in a research report on Friday, October 6th. They set a “sell” rating on the stock. Credit Suisse Group reiterated a “hold” rating and set a $57.00 target price on shares of Wells Fargo & Company in a research report on Tuesday, October 10th. Finally, UBS set a $55.00 target price on shares of Wells Fargo & Company and gave the company a “hold” rating in a research report on Monday, October 16th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $57.25.

In related news, VP Richard Levy sold 97,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. The transaction 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 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. Over the last ninety days, insiders sold 184,482 shares of company stock valued at $10,471,050. Insiders own 0.22% of the company’s stock.

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About Wells Fargo & Company

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.

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

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