GSA Capital Partners LLP Has $249,000 Holdings in Wells Fargo & Company (NYSE:WFC)

GSA Capital Partners LLP trimmed its stake in shares of Wells Fargo & Company (NYSE:WFC) by 10.9% during the third quarter, Holdings Channel reports. The firm owned 4,411 shares of the financial services provider’s stock after selling 538 shares during the period. GSA Capital Partners LLP’s holdings in Wells Fargo & Company were worth $249,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in Wells Fargo & Company by 8.9% during the first quarter. Advisors Asset Management Inc. now owns 41,715 shares of the financial services provider’s stock worth $2,418,000 after buying an additional 3,418 shares during the last quarter. Ascent Group LLC grew its holdings in Wells Fargo & Company by 295.6% during the first quarter. Ascent Group LLC now owns 35,587 shares of the financial services provider’s stock valued at $2,063,000 after purchasing an additional 26,591 shares during the period. Zurich Insurance Group Ltd FI increased its stake in Wells Fargo & Company by 0.6% in the first quarter. Zurich Insurance Group Ltd FI now owns 2,248,367 shares of the financial services provider’s stock valued at $130,315,000 after purchasing an additional 13,583 shares in the last quarter. Waverly Advisors LLC raised its holdings in Wells Fargo & Company by 34.2% in the first quarter. Waverly Advisors LLC now owns 49,364 shares of the financial services provider’s stock worth $2,861,000 after purchasing an additional 12,588 shares during the period. Finally, Black Maple Capital Management LP boosted its position in shares of Wells Fargo & Company by 174.5% during the first quarter. Black Maple Capital Management LP now owns 14,000 shares of the financial services provider’s stock worth $811,000 after purchasing an additional 8,900 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WFC shares. Morgan Stanley lowered their price objective on shares of Wells Fargo & Company from $68.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, September 30th. The Goldman Sachs Group dropped their price target on Wells Fargo & Company from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft raised Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, September 3rd. Wolfe Research upgraded Wells Fargo & Company from a “peer perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Tuesday, October 8th. Finally, Compass Point raised their price target on shares of Wells Fargo & Company from $57.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.07.

Insider Activity at Wells Fargo & Company

In related news, EVP Beurden Saul Van sold 35,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $61.99, for a total value of $2,169,650.00. Following the completion of the sale, the executive vice president now owns 126,687 shares in the company, valued at $7,853,327.13. This trade represents a 21.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ather Williams III sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $63.70, for a total value of $3,822,000.00. Following the completion of the transaction, the executive vice president now directly owns 163,610 shares of the company’s stock, valued at $10,421,957. The trade was a 26.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock opened at $75.96 on Friday. Wells Fargo & Company has a one year low of $42.52 and a one year high of $76.08. The company has a 50-day simple moving average of $63.28 and a two-hundred day simple moving average of $59.81. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $252.91 billion, a PE ratio of 15.79, a P/E/G ratio of 1.56 and a beta of 1.14.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Friday, October 11th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.14. The firm had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.40 billion. Wells Fargo & Company had a net margin of 14.43% and a return on equity of 12.25%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. Research analysts expect that Wells Fargo & Company will post 5.42 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 8th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, November 8th. Wells Fargo & Company’s dividend payout ratio is presently 33.26%.

About Wells Fargo & Company

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.