Wells Fargo & Company $WFC Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC reduced its position in Wells Fargo & Company (NYSE:WFC - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,425 shares of the financial services provider's stock after selling 43,483 shares during the quarter. Calamos Wealth Management LLC's holdings in Wells Fargo & Company were worth $16,350,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company during the third quarter worth about $27,000. Marquette Asset Management LLC grew its position in shares of Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider's stock worth $28,000 after buying an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company during the third quarter worth about $30,000. Imprint Wealth LLC acquired a new position in shares of Wells Fargo & Company during the third quarter worth about $31,000. Finally, Main Street Group LTD grew its position in shares of Wells Fargo & Company by 36.9% during the third quarter. Main Street Group LTD now owns 438 shares of the financial services provider's stock worth $37,000 after buying an additional 118 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Price Performance

WFC stock opened at $79.45 on Friday. The business has a 50 day moving average price of $81.34 and a 200 day moving average price of $86.09. The stock has a market cap of $245.16 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 0.94 and a beta of 1.06. Wells Fargo & Company has a fifty-two week low of $68.67 and a fifty-two week high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.02. The firm had revenue of $21.45 billion during the quarter, compared to analysts' expectations of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 earnings per share. Equities research analysts anticipate that Wells Fargo & Company will post 6.83 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 6th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, February 6th. This represents a $1.80 annualized dividend and a yield of 2.3%. Wells Fargo & Company's payout ratio is presently 27.78%.

Insider Buying and Selling

In related news, EVP Bridget E. Engle sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the completion of the sale, the executive vice president owned 83,478 shares in the company, valued at $7,270,933.80. The trade was a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kleber Santos sold 25,000 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $87.72, for a total value of $2,193,000.00. Following the sale, the executive vice president owned 79,876 shares of the company's stock, valued at approximately $7,006,722.72. The trade was a 23.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 115,000 shares of company stock worth $10,050,000 over the last 90 days. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

WFC has been the subject of a number of analyst reports. Evercore reissued an "outperform" rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. Freedom Capital downgraded Wells Fargo & Company from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 15th. UBS Group reissued a "buy" rating and set a $113.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Wolfe Research reissued an "outperform" rating and set a $109.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Finally, CICC Research initiated coverage on Wells Fargo & Company in a research report on Wednesday, January 14th. They set a "market perform" rating and a $96.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $97.75.

About Wells Fargo & Company

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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