Coldstream Capital Management Inc. decreased its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 36.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,923 shares of the financial services provider’s stock after selling 8,423 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Wells Fargo & Co were worth $428,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bollard Group LLC lifted its holdings in shares of Wells Fargo & Co by 0.7% during the fourth quarter. Bollard Group LLC now owns 35,252 shares of the financial services provider’s stock worth $1,897,000 after buying an additional 235 shares in the last quarter. Fairview Capital Investment Management LLC raised its position in shares of Wells Fargo & Co by 2.1% in the fourth quarter. Fairview Capital Investment Management LLC now owns 12,149 shares of the financial services provider’s stock valued at $653,000 after buying an additional 246 shares in the last quarter. Gamble Jones Investment Counsel boosted its stake in shares of Wells Fargo & Co by 1.3% in the fourth quarter. Gamble Jones Investment Counsel now owns 22,288 shares of the financial services provider’s stock valued at $1,199,000 after buying an additional 285 shares during the period. X Square Capital LLC grew its position in Wells Fargo & Co by 3.2% during the fourth quarter. X Square Capital LLC now owns 10,187 shares of the financial services provider’s stock worth $548,000 after buying an additional 316 shares in the last quarter. Finally, Front Street Capital Management Inc. increased its stake in Wells Fargo & Co by 0.8% during the 4th quarter. Front Street Capital Management Inc. now owns 39,972 shares of the financial services provider’s stock worth $2,151,000 after acquiring an additional 320 shares during the period. 73.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Wells Fargo & Co stock traded down $1.65 during trading on Friday, hitting $25.72. The company’s stock had a trading volume of 21,763,500 shares, compared to its average volume of 55,453,048. The stock has a market cap of $107.09 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 3.55 and a beta of 1.14. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.87 and a quick ratio of 0.85. Wells Fargo & Co has a 52 week low of $22.00 and a 52 week high of $54.75. The stock has a 50-day moving average price of $26.77 and a two-hundred day moving average price of $37.93.

Wells Fargo & Co (NYSE:WFC) last announced its earnings results on Tuesday, April 14th. The financial services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.85). The business had revenue of $17.72 billion for the quarter, compared to the consensus estimate of $19.40 billion. Wells Fargo & Co had a net margin of 14.52% and a return on equity of 9.28%. The firm’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 EPS. On average, equities analysts predict that Wells Fargo & Co will post 0.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were issued a $0.51 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.93%. Wells Fargo & Co’s dividend payout ratio is presently 46.58%.

WFC has been the subject of a number of recent analyst reports. UBS Group downgraded Wells Fargo & Co from a “neutral” rating to a “sell” rating and set a $19.00 target price for the company. in a research report on Monday, May 4th. Bank of America reaffirmed a “hold” rating and set a $30.00 price objective on shares of Wells Fargo & Co in a research report on Wednesday, May 20th. Citigroup decreased their target price on shares of Wells Fargo & Co from $43.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Compass Point cut their price target on shares of Wells Fargo & Co from $33.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Berenberg Bank upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $26.00 price target on the stock in a research report on Thursday, March 26th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company. Wells Fargo & Co presently has a consensus rating of “Hold” and an average price target of $37.89.

Wells Fargo & Co Company Profile

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.

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

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