Wells Fargo & Company (WFC) Shares Bought by Carleon Capital Partners LLC

Carleon Capital Partners LLC grew its position in Wells Fargo & Company (NYSE:WFC) by 81.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,036 shares of the financial services provider’s stock after purchasing an additional 23,796 shares during the quarter. Wells Fargo & comprises approximately 1.1% of Carleon Capital Partners LLC’s investment portfolio, making the stock its 23rd biggest position. Carleon Capital Partners LLC’s holdings in Wells Fargo & were worth $2,954,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WFC. Delphi Private Advisors LLC grew its position in shares of Wells Fargo & by 262.8% in the second quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,461 shares during the last quarter. Alexandria Capital LLC grew its position in shares of Wells Fargo & by 0.3% in the first quarter. Alexandria Capital LLC now owns 1,826 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 6 shares during the last quarter. Brick & Kyle Associates grew its position in shares of Wells Fargo & by 9.5% in the first quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 162 shares during the last quarter. Clear Investment Research LLC acquired a new position in shares of Wells Fargo & in the second quarter valued at approximately $121,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of Wells Fargo & in the first quarter valued at approximately $124,000. 75.09% of the stock is currently owned by institutional investors.

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Wells Fargo & Company (NYSE:WFC) opened at 53.19 on Wednesday. The firm’s 50 day moving average is $53.06 and its 200 day moving average is $53.54. Wells Fargo & Company has a 52-week low of $44.32 and a 52-week high of $59.99. The company has a market cap of $262.11 billion, a PE ratio of 13.74 and a beta of 0.97.

Wells Fargo & (NYSE:WFC) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.20). Wells Fargo & had a net margin of 22.00% and a return on equity of 12.59%. The firm had revenue of $21.93 billion for the quarter, compared to analysts’ expectations of $22.30 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Analysts forecast that Wells Fargo & Company will post $3.98 EPS for the current fiscal year.

Wells Fargo & announced that its board has approved a share buyback plan on Wednesday, June 28th that permits the company to buyback $11.50 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Several research firms have recently commented on WFC. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $59.00 target price on shares of Wells Fargo & in a research report on Monday. UBS AG set a $55.00 target price on Wells Fargo & and gave the company a “hold” rating in a research report on Monday. BMO Capital Markets upped their target price on Wells Fargo & from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Monday. Piper Jaffray Companies set a $50.00 target price on Wells Fargo & and gave the company a “hold” rating in a research report on Sunday. Finally, Vetr raised Wells Fargo & from a “sell” rating to a “hold” rating and set a $52.91 price target on the stock in a research report on Monday. Six equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $57.14.

About Wells Fargo &

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

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

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