Wells Fargo & Company (WFC) Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its position in shares of Wells Fargo & Company (NYSE:WFC) by 39.2% during the third quarter, Holdings Channel reports. The firm owned 14,197 shares of the financial services provider’s stock after buying an additional 4,000 shares during the period. Chicago Partners Investment Group LLC’s holdings in Wells Fargo & Company were worth $629,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Wealth Counsel LLC boosted its position in shares of Wells Fargo & Company by 17.8% in the third quarter. Integrated Wealth Counsel LLC now owns 2,408 shares of the financial services provider’s stock worth $107,000 after buying an additional 363 shares during the period. Coconut Grove Bank boosted its position in shares of Wells Fargo & Company by 54.9% in the third quarter. Coconut Grove Bank now owns 2,538 shares of the financial services provider’s stock worth $112,000 after buying an additional 900 shares during the period. Timber Creek Capital Management LLC boosted its position in shares of Wells Fargo & Company by 30.0% in the third quarter. Timber Creek Capital Management LLC now owns 3,033 shares of the financial services provider’s stock worth $134,000 after buying an additional 700 shares during the period. Cedar Wealth Management LLC boosted its position in shares of Wells Fargo & Company by 5.6% in the third quarter. Cedar Wealth Management LLC now owns 3,461 shares of the financial services provider’s stock worth $153,000 after buying an additional 185 shares during the period. Finally, Gemmer Asset Management LLC boosted its position in shares of Wells Fargo & Company by 6.7% in the second quarter. Gemmer Asset Management LLC now owns 3,735 shares of the financial services provider’s stock worth $177,000 after buying an additional 234 shares during the period. 73.60% of the stock is owned by institutional investors.

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

Wells Fargo & Company (NYSE:WFC) traded up 0.23% during mid-day trading on Friday, reaching $56.86. 12,268,103 shares of the company traded hands. The firm has a market cap of $285.22 billion, a PE ratio of 14.25 and a beta of 0.98. Wells Fargo & Company has a one year low of $43.55 and a one year high of $58.02. The stock’s 50-day moving average price is $55.56 and its 200-day moving average price is $50.51.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Friday, January 13th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $21.60 billion for the quarter. Wells Fargo & Company had a return on equity of 12.60% and a net margin of 23.30%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 EPS. Analysts forecast that Wells Fargo & Company will post $4.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, February 3rd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, February 1st. Wells Fargo & Company’s payout ratio is presently 38.10%.

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WFC has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Wells Fargo & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 16th. Macquarie reissued an “underperform” rating on shares of Wells Fargo & Company in a research note on Tuesday, October 18th. Evercore ISI reissued a “buy” rating and set a $51.00 price objective on shares of Wells Fargo & Company in a research note on Wednesday, January 11th. Argus reissued a “buy” rating on shares of Wells Fargo & Company in a research note on Thursday, October 13th. Finally, Citigroup Inc. cut shares of Wells Fargo & Company to an “underperform” rating in a research note on Friday, November 18th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have given a buy rating to the stock. Wells Fargo & Company currently has a consensus rating of “Hold” and an average target price of $52.91.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

5 Day Chart for NYSE:WFC

Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFC).

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