Aull & Monroe Investment Management Corp Has $679,000 Stake in Wells Fargo & Co (WFC)

Aull & Monroe Investment Management Corp cut its position in Wells Fargo & Co (NYSE:WFC) by 12.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,061 shares of the financial services provider’s stock after selling 2,010 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Wells Fargo & Co were worth $679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Telos Capital Management Inc. lifted its position in Wells Fargo & Co by 4.2% during the fourth quarter. Telos Capital Management Inc. now owns 5,390 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 216 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in Wells Fargo & Co by 3.6% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 6,600 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 229 shares during the last quarter. Augustine Asset Management Inc. lifted its position in Wells Fargo & Co by 1.6% during the first quarter. Augustine Asset Management Inc. now owns 15,182 shares of the financial services provider’s stock valued at $733,000 after purchasing an additional 241 shares during the last quarter. Massey Quick Simon & CO. LLC lifted its position in Wells Fargo & Co by 8.0% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 3,354 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 249 shares during the last quarter. Finally, Bray Capital Advisors lifted its position in Wells Fargo & Co by 2.7% during the fourth quarter. Bray Capital Advisors now owns 9,935 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 257 shares during the last quarter. 72.01% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Petros G. Pelos sold 28,304 shares of Wells Fargo & Co stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $46.51, for a total transaction of $1,316,419.04. Following the completion of the sale, the insider now owns 3,066 shares in the company, valued at approximately $142,599.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.08% of the company’s stock.

WFC has been the subject of several research reports. ValuEngine upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Deutsche Bank lowered shares of Wells Fargo & Co from a “buy” rating to a “hold” rating and lowered their price objective for the company from $56.00 to $54.00 in a research report on Friday, March 29th. Raymond James upgraded shares of Wells Fargo & Co from an “underperform” rating to a “market perform” rating and set a $50.08 price objective for the company in a research report on Friday, March 29th. Keefe, Bruyette & Woods lowered shares of Wells Fargo & Co from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $58.00 to $50.00 in a report on Sunday, March 31st. Finally, Goldman Sachs Group lowered shares of Wells Fargo & Co from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $58.00 to $48.00 in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $56.35.

Wells Fargo & Co stock opened at $45.70 on Friday. The stock has a market capitalization of $223.89 billion, a PE ratio of 10.43, a PEG ratio of 0.87 and a beta of 1.09. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.87. Wells Fargo & Co has a 12-month low of $43.02 and a 12-month high of $59.53.

Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. Wells Fargo & Co had a net margin of 22.59% and a return on equity of 13.37%. The company had revenue of $21.61 billion during the quarter, compared to analyst estimates of $20.89 billion. During the same quarter last year, the business posted $0.96 EPS. Research analysts forecast that Wells Fargo & Co will post 4.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Friday, May 10th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.80 dividend on an annualized basis and a yield of 3.94%. Wells Fargo & Co’s payout ratio is 41.10%.

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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. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services.

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

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