Wells Fargo & Co (WFC) Shares Sold by Osborn Williams & Donohoe LLC

Osborn Williams & Donohoe LLC trimmed its stake in shares of Wells Fargo & Co (NYSE:WFC) by 36.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 63,193 shares of the financial services provider’s stock after selling 36,770 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Wells Fargo & Co were worth $3,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its position in Wells Fargo & Co by 5.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 50,957,630 shares of the financial services provider’s stock valued at $2,670,689,000 after purchasing an additional 2,497,659 shares during the last quarter. Geode Capital Management LLC lifted its position in Wells Fargo & Co by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 46,311,774 shares of the financial services provider’s stock valued at $2,803,705,000 after purchasing an additional 584,764 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Wells Fargo & Co by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 41,213,847 shares of the financial services provider’s stock valued at $2,160,018,000 after purchasing an additional 722,334 shares during the last quarter. Magellan Asset Management Ltd lifted its position in Wells Fargo & Co by 24.1% during the first quarter. Magellan Asset Management Ltd now owns 31,024,898 shares of the financial services provider’s stock valued at $1,626,015,000 after purchasing an additional 6,017,222 shares during the last quarter. Finally, Boston Partners lifted its position in Wells Fargo & Co by 10.1% during the first quarter. Boston Partners now owns 18,850,437 shares of the financial services provider’s stock valued at $987,951,000 after purchasing an additional 1,732,956 shares during the last quarter. 76.05% of the stock is owned by institutional investors.

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In related news, EVP Petros G. Pelos sold 25,567 shares of Wells Fargo & Co stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $54.76, for a total transaction of $1,400,048.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Several research firms have commented on WFC. Zacks Investment Research upgraded shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Thursday. Morgan Stanley lowered their target price on shares of Wells Fargo & Co from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, July 16th. Keefe, Bruyette & Woods upgraded shares of Wells Fargo & Co from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $57.00 to $63.00 in a report on Sunday, July 15th. They noted that the move was a valuation call. Susquehanna Bancshares set a $63.00 target price on shares of Wells Fargo & Co and gave the stock a “hold” rating in a report on Friday, July 13th. Finally, Macquarie upgraded shares of Wells Fargo & Co from an “underperform” rating to an “outperform” rating in a report on Monday, April 30th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $62.50.

Wells Fargo & Co opened at $56.41 on Friday, MarketBeat Ratings reports. Wells Fargo & Co has a 12-month low of $49.27 and a 12-month high of $66.31. The stock has a market capitalization of $274.76 billion, a PE ratio of 13.38, a PEG ratio of 1.52 and a beta of 1.14. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.88 and a quick ratio of 0.86.

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. 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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