Joel Isaacson & Co. LLC Has $1.39 Million Holdings in Wells Fargo & Co (WFC)

Joel Isaacson & Co. LLC lessened its stake in Wells Fargo & Co (NYSE:WFC) by 9.3% during the 3rd quarter, Holdings Channel reports. The firm owned 25,217 shares of the financial services provider’s stock after selling 2,599 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Wells Fargo & Co were worth $1,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WFC. Pioneer Trust Bank N A OR grew its stake in Wells Fargo & Co by 1.4% in the second quarter. Pioneer Trust Bank N A OR now owns 105,252 shares of the financial services provider’s stock valued at $5,832,000 after purchasing an additional 1,465 shares during the last quarter. Catawba Capital Management VA grew its stake in Wells Fargo & Co by 4.5% in the second quarter. Catawba Capital Management VA now owns 108,413 shares of the financial services provider’s stock valued at $6,007,000 after purchasing an additional 4,619 shares during the last quarter. Robinson Value Management Ltd. grew its stake in Wells Fargo & Co by 108.2% in the second quarter. Robinson Value Management Ltd. now owns 74,451 shares of the financial services provider’s stock valued at $4,125,000 after purchasing an additional 38,691 shares during the last quarter. Trust Co grew its stake in Wells Fargo & Co by 0.3% in the first quarter. Trust Co now owns 80,799 shares of the financial services provider’s stock valued at $4,497,000 after purchasing an additional 255 shares during the last quarter. Finally, Beacon Financial Group grew its stake in Wells Fargo & Co by 3.3% in the second quarter. Beacon Financial Group now owns 243,745 shares of the financial services provider’s stock valued at $13,596,000 after purchasing an additional 7,807 shares during the last quarter. Institutional investors own 75.70% of the company’s stock.

In related news, insider Michael J. Loughlin sold 17,482 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was 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 SEC, which is available at this link. Also, VP Richard Levy sold 97,000 shares of the company’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 value of $5,477,590.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,482 shares of company stock worth $10,471,050. 0.22% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on WFC shares. Vetr upgraded Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.49 price target on the stock in a research note on Tuesday, October 24th. Atlantic Securities upgraded Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 price target on the stock in a research note on Wednesday. Vertical Group upgraded Wells Fargo & Co from a “sell” rating to a “buy” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods restated a “buy” rating and set a $59.00 price target on shares of Wells Fargo & Co in a research note on Monday, October 16th. Finally, Buckingham Research upgraded Wells Fargo & Co from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $57.00 to $75.00 in a research note on Thursday, December 21st. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $61.02.

Shares of Wells Fargo & Co (WFC) opened at $62.55 on Friday. The company has a market capitalization of $308,240.00, a P/E ratio of 16.16, a P/E/G ratio of 1.72 and a beta of 0.96. Wells Fargo & Co has a 52-week low of $49.27 and a 52-week high of $63.67. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89.

Wells Fargo & Co (NYSE:WFC) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.13. The firm had revenue of $22.05 billion for the quarter, compared to analyst estimates of $22.64 billion. Wells Fargo & Co had a return on equity of 12.59% and a net margin of 22.00%. Wells Fargo & Co’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. equities analysts expect that Wells Fargo & Co will post 3.98 EPS for the current year.

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About Wells Fargo & Co

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.

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

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