American National Bank Has $535,000 Stake in Wells Fargo & Co (WFC)

American National Bank reduced its position in Wells Fargo & Co (NYSE:WFC) by 33.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,612 shares of the financial services provider’s stock after selling 5,730 shares during the quarter. American National Bank’s holdings in Wells Fargo & Co were worth $535,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Waldron Private Wealth LLC boosted its stake in Wells Fargo & Co by 4.9% during the third quarter. Waldron Private Wealth LLC now owns 7,577 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 356 shares in the last quarter. Cullinan Associates Inc. lifted its stake in shares of Wells Fargo & Co by 6.4% in the fourth quarter. Cullinan Associates Inc. now owns 13,368 shares of the financial services provider’s stock valued at $616,000 after buying an additional 800 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Wells Fargo & Co by 18.4% in the second quarter. Proficio Capital Partners LLC now owns 5,699 shares of the financial services provider’s stock valued at $316,000 after buying an additional 886 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Wells Fargo & Co by 2.9% in the second quarter. GHP Investment Advisors Inc. now owns 31,775 shares of the financial services provider’s stock valued at $1,762,000 after buying an additional 886 shares in the last quarter. Finally, Empirical Finance LLC lifted its stake in shares of Wells Fargo & Co by 12.2% in the third quarter. Empirical Finance LLC now owns 8,857 shares of the financial services provider’s stock valued at $466,000 after buying an additional 966 shares in the last quarter. 72.97% of the stock is currently owned by institutional investors.

Shares of WFC stock traded up $0.13 on Friday, hitting $47.88. The stock had a trading volume of 19,754,439 shares, compared to its average volume of 24,522,334. The company has a market cap of $233.16 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.84 and a beta of 1.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.87 and a quick ratio of 0.86. Wells Fargo & Co has a 12-month low of $43.02 and a 12-month high of $66.31.



Wells Fargo & Co (NYSE:WFC) last announced its earnings results on Friday, October 12th. The financial services provider reported $1.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.04). The firm had revenue of $21.94 billion during the quarter, compared to analysts’ expectations of $21.90 billion. Wells Fargo & Co had a net margin of 23.17% and a return on equity of 12.69%. As a group, research analysts expect that Wells Fargo & Co will post 4.49 earnings per share for the current fiscal year.

Wells Fargo & Co announced that its board has initiated a share repurchase program on Tuesday, October 23rd that authorizes the company to buyback 350,000,000 shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

A number of research analysts have weighed in on WFC shares. Edward Jones raised shares of Wells Fargo & Co from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Macquarie dropped their price objective on shares of Wells Fargo & Co from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, September 17th. UBS Group set a $63.00 price objective on shares of Wells Fargo & Co and gave the company a “buy” rating in a research note on Friday, September 28th. Citigroup raised shares of Wells Fargo & Co from a “neutral” rating to a “buy” rating in a research note on Friday, November 2nd. Finally, Zacks Investment Research lowered shares of Wells Fargo & Co from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Wells Fargo & Co has an average rating of “Hold” and an average target price of $61.93.

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Wells Fargo & Co Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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

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