Clear Harbor Asset Management LLC Has $2.61 Million Stock Holdings in Wells Fargo & Company $WFC

Clear Harbor Asset Management LLC trimmed its position in shares of Wells Fargo & Company (NYSE:WFC) by 33.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,168 shares of the financial services provider’s stock after selling 15,925 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Wells Fargo & Company were worth $2,613,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in WFC. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Wells Fargo & Company by 2,735,254.3% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 949,769,723 shares of the financial services provider’s stock worth $76,095,550,000 after acquiring an additional 949,735,001 shares in the last quarter. Norges Bank acquired a new stake in shares of Wells Fargo & Company during the second quarter worth about $3,990,551,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Wells Fargo & Company by 54.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,635,681 shares of the financial services provider’s stock valued at $1,332,851,000 after purchasing an additional 5,894,747 shares in the last quarter. Amundi grew its position in shares of Wells Fargo & Company by 18.2% in the 2nd quarter. Amundi now owns 14,155,753 shares of the financial services provider’s stock valued at $1,165,868,000 after purchasing an additional 2,180,693 shares during the period. Finally, Laurel Wealth Advisors LLC grew its position in shares of Wells Fargo & Company by 8,010.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,973,730 shares of the financial services provider’s stock valued at $158,135,000 after purchasing an additional 1,949,395 shares during the period. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Up 1.4%

Shares of WFC stock opened at $95.64 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 1 year low of $58.42 and a 1 year high of $97.76. The firm’s fifty day moving average price is $89.56 and its two-hundred day moving average price is $84.27. The firm has a market capitalization of $300.22 billion, a P/E ratio of 15.73, a PEG ratio of 0.86 and a beta of 1.09.

Wells Fargo & Company (NYSE:WFCGet Free Report) last posted its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.18. The company had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.11 billion. Wells Fargo & Company had a net margin of 17.18% and a return on equity of 12.51%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. On average, equities analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.9%. Wells Fargo & Company’s dividend payout ratio is 29.61%.

Wells Fargo & Company News Summary

Here are the key news stories impacting Wells Fargo & Company this week:

Analyst Upgrades and Downgrades

WFC has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Wells Fargo & Company from $95.00 to $97.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Robert W. Baird restated an “underperform” rating and set a $90.00 price objective on shares of Wells Fargo & Company in a report on Tuesday. TD Cowen upped their target price on shares of Wells Fargo & Company from $93.00 to $102.00 and gave the stock a “hold” rating in a research note on Wednesday. Weiss Ratings raised Wells Fargo & Company from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, October 8th. Finally, Cfra Research upgraded Wells Fargo & Company to a “moderate buy” rating in a report on Wednesday, October 15th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $93.91.

View Our Latest Research Report on Wells Fargo & Company

Wells Fargo & Company Profile

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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

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