Wells Fargo & Company (NYSE:WFC) reached 14.6% versus a 1-year low price of $43.02. The stock was last seen 2.52% higher, reaching at $49.3 on 7/26/2019. At a recent session, the prices were hovering between $48.07 and $49.31. This company shares are -1.16% up from its target price of $48.73 and the current market capitalization stands at $224.39B. The recent change has given its price a 6.63% lead over SMA 50 and -17.18% deficit over its 52-week high. The stock witnessed 7.64% gains, 2.79% gains and -1.66% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WFC’s volatility during a week at 2.06% and during a month it has been found around 1.74%.

What Does Wells Fargo & Company (WFC) Do?

The company describes itself in regulatory filings as, “Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. The firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/WFC/profile under company description.]

Wells Fargo & Company (WFC) Top Holders

Institutional investors currently hold around $169.38 billion or 77.7% in WFC stock. Look at its top three institutional owners: Berkshire Hathaway Inc owns $20.2 billion in Wells Fargo & Company, which represents roughly 9% of the company’s market cap and approximately 11.93% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 324,108,182 shares of the stock are valued at $15.98 billion. The third largest holder is Blackrock Inc., which currently holds $14.2 billion worth of this stock and that ownership represents nearly 6.33% of its market capitalization.

Wells Fargo & Company 13F Filings

At the end of March reporting period, 828 institutional holders increased their position in Wells Fargo & Company (NYSE:WFC) by some 109,310,367 shares, 1,031 decreased positions by 204,876,913 and 255 held positions by 3,121,000,000. That puts total institutional holdings at 3,436,000,000 shares, according to SEC filings. The stock grabbed 120 new institutional investments totaling 17,737,506 shares while 119 institutional investors sold out their entire positions totaling 9,153,726 shares.

Wells Fargo & Company (NYSE:WFC) Insider Trades

Multiple company employees have indulged in significant insider trading. Wells Fargo & Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Sr. Executive Vice President Pelos Petros G has sold 28,304 shares of Wells Fargo & Company (WFC) in the trading session dated May. 13, 2019. These shares are worth $1,316,419 and were traded at $46.51 each. The SEC filing shows that Modjtabai Avid performed a sale of 100,000 shares. The Sr. Executive Vice President disposed these shares by way of transaction on Aug. 17, 2018. The company’s shares were given away at $58.71 per share worth to an income of some $5,871,000 to the account of Modjtabai Avid.

Sr. Executive Vice President, Hardison Hope A., sold 25,000 common shares of Wells Fargo & Company (WFC) in the open market. In a transaction dated Aug. 13, 2018, the shares were put up for sale at an average price of $58.01, raking in a sum of $1,450,250. After this sale, 120,651 common shares of WFC are directly owned by the insider, with total stake valued at $5,948,096.

In the transaction dated May. 24, 2018, a great number of shares sold came courtesy the Sr. Executive Vice President; Pelos Petros G disposed a total of 25,567 shares at an average price of $54.76, amounting to approximately $1,400,049. The insider now directly owns 89,639 shares worth $4,419,189.

Wells Fargo & Company (WFC) Analyst Guide

Several analysts have released their opinion on Wells Fargo & Company (NYSE:WFC), with 3 analysts believing it is a strong buy. Whereas 20 of them predict the stock is a hold. Also, there are 4 buy, 1 sell and 4 strong sell ratings, collectively assigning a 2.97 average brokerage recommendation [T1].