Wells Fargo & Co (WFC) Shares Bought by Iberiabank Corp

Iberiabank Corp boosted its position in shares of Wells Fargo & Co (NYSE:WFC) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,391 shares of the financial services provider’s stock after buying an additional 3,979 shares during the period. Wells Fargo & Co makes up about 2.1% of Iberiabank Corp’s holdings, making the stock its 10th largest position. Iberiabank Corp’s holdings in Wells Fargo & Co were worth $5,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. World Asset Management Inc raised its position in shares of Wells Fargo & Co by 0.3% in the third quarter. World Asset Management Inc now owns 464,895 shares of the financial services provider’s stock worth $20,586,000 after buying an additional 1,270 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Wells Fargo & Co by 97.7% in the third quarter. Acadian Asset Management LLC now owns 2,511,003 shares of the financial services provider’s stock worth $111,188,000 after buying an additional 1,240,585 shares during the last quarter. Culbertson A N & Co. Inc. raised its position in shares of Wells Fargo & Co by 1.7% in the third quarter. Culbertson A N & Co. Inc. now owns 122,556 shares of the financial services provider’s stock worth $5,427,000 after buying an additional 2,052 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Wells Fargo & Co by 46.9% in the third quarter. Toronto Dominion Bank now owns 313,675 shares of the financial services provider’s stock worth $13,904,000 after buying an additional 100,182 shares during the last quarter. Finally, Cardinal Capital Management raised its position in shares of Wells Fargo & Co by 2.5% in the third quarter. Cardinal Capital Management now owns 76,835 shares of the financial services provider’s stock worth $3,402,000 after buying an additional 1,875 shares during the last quarter. 73.25% of the stock is owned by institutional investors.

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

Wells Fargo & Co (NYSE:WFC) opened at 57.63 on Tuesday. Wells Fargo & Co has a 12-month low of $43.55 and a 12-month high of $59.99. The stock has a market capitalization of $288.34 billion, a P/E ratio of 14.44 and a beta of 0.98. The firm’s 50-day moving average price is $57.80 and its 200 day moving average price is $52.28.

Wells Fargo & Co (NYSE:WFC) last issued its earnings results on Friday, January 13th. The financial services provider reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. The company had revenue of $21.60 billion for the quarter. Wells Fargo & Co had a return on equity of 12.60% and a net margin of 23.30%. Wells Fargo & Co’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. On average, equities analysts anticipate that Wells Fargo & Co will post $4.20 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 3rd were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, February 1st. Wells Fargo & Co’s dividend payout ratio is currently 38.10%.

Your IP Address:

WFC has been the subject of a number of research reports. Vetr lowered Wells Fargo & Co from a “sell” rating to a “strong sell” rating and set a $48.64 price target for the company. in a research note on Monday, December 26th. Zacks Investment Research lowered Wells Fargo & Co from a “buy” rating to a “hold” rating in a research note on Saturday, December 31st. Deutsche Bank AG reissued a “buy” rating on shares of Wells Fargo & Co in a research note on Friday, December 23rd. Bank of America Corp restated a “buy” rating and set a $50.00 price objective on shares of Wells Fargo & Co in a research report on Wednesday, January 11th. Finally, Rafferty Capital Markets upgraded Wells Fargo & Co from a “sell” rating to a “hold” rating in a research report on Tuesday, December 6th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $53.01.

In other news, insider David M. Carroll sold 117,704 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $59.02, for a total transaction of $6,946,890.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

Wells Fargo & Co 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 & 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

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.