Wells Fargo & Co (WFC) Shares Sold by Huber Financial Advisors LLC

Share on StockTwits

Huber Financial Advisors LLC reduced its stake in Wells Fargo & Co (NYSE:WFC) by 4.8% during the first quarter, Holdings Channel reports. The institutional investor owned 5,384 shares of the financial services provider’s stock after selling 272 shares during the period. Huber Financial Advisors LLC’s holdings in Wells Fargo & Co were worth $260,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Telos Capital Management Inc. increased its position in shares of Wells Fargo & Co by 4.2% in the fourth quarter. Telos Capital Management Inc. now owns 5,390 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 216 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its position in Wells Fargo & Co by 3.6% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 6,600 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 229 shares during the last quarter. Augustine Asset Management Inc. grew its position in Wells Fargo & Co by 1.6% during the first quarter. Augustine Asset Management Inc. now owns 15,182 shares of the financial services provider’s stock valued at $733,000 after acquiring an additional 241 shares during the last quarter. Massey Quick Simon & CO. LLC grew its position in Wells Fargo & Co by 8.0% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 3,354 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 249 shares during the last quarter. Finally, Bray Capital Advisors grew its position in Wells Fargo & Co by 2.7% during the fourth quarter. Bray Capital Advisors now owns 9,935 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 257 shares during the last quarter. 72.01% of the stock is currently owned by institutional investors.

A number of brokerages have commented on WFC. Goldman Sachs Group cut shares of Wells Fargo & Co from a “buy” rating to a “neutral” rating and reduced their price target for the company from $58.00 to $48.00 in a research report on Friday, April 12th. Morgan Stanley reduced their price target on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Deutsche Bank reduced their price target on shares of Wells Fargo & Co from $54.00 to $48.00 and set a “hold” rating on the stock in a research report on Monday, April 15th. Buckingham Research cut shares of Wells Fargo & Co from a “buy” rating to a “neutral” rating and reduced their price target for the company from $65.00 to $53.00 in a research report on Monday, April 15th. Finally, ValuEngine upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.35.

In other news, insider Petros G. Pelos sold 28,304 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $46.51, for a total transaction of $1,316,419.04. Following the completion of the sale, the insider now owns 3,066 shares of the company’s stock, valued at $142,599.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

NYSE:WFC opened at $45.70 on Friday. The company has a market cap of $223.89 billion, a PE ratio of 10.43, a P/E/G ratio of 0.87 and a beta of 1.09. Wells Fargo & Co has a fifty-two week low of $43.02 and a fifty-two week high of $59.53. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.35.

Wells Fargo & Co (NYSE:WFC) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. The firm had revenue of $21.61 billion during the quarter, compared to analyst estimates of $20.89 billion. Wells Fargo & Co had a return on equity of 13.37% and a net margin of 22.59%. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Sell-side analysts anticipate that Wells Fargo & Co will post 4.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Friday, May 10th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, May 9th. Wells Fargo & Co’s dividend payout ratio (DPR) is presently 41.10%.

WARNING: This piece of content was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/4346276/wells-fargo-co-wfc-shares-sold-by-huber-financial-advisors-llc.html.

About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services.

Featured Story: The benefits and drawbacks of dollar cost averaging

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 & Co (NYSE:WFC).

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

Receive News & Ratings for Wells Fargo & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Bancolombia SA  To Go Ex-Dividend on June 26th
Bancolombia SA To Go Ex-Dividend on June 26th
Vail Resorts, Inc.  Announces $1.76 Quarterly Dividend
Vail Resorts, Inc. Announces $1.76 Quarterly Dividend
Dynex Capital Inc Announces Monthly Dividend of $0.18
Dynex Capital Inc Announces Monthly Dividend of $0.18
New Look Vision Group Inc  Declares $0.15 Quarterly Dividend
New Look Vision Group Inc Declares $0.15 Quarterly Dividend
Fidelity Southern Co.  Plans Quarterly Dividend of $0.12
Fidelity Southern Co. Plans Quarterly Dividend of $0.12
Armada Hoffler Properties Inc  Announces Quarterly Dividend of $0.21
Armada Hoffler Properties Inc Announces Quarterly Dividend of $0.21


© 2006-2019 Ticker Report