Honeywell International Inc. Has $55.61 Million Position in Wells Fargo & Co (WFC)

Honeywell International Inc. grew its position in Wells Fargo & Co (NYSE:WFC) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,008,300 shares of the financial services provider’s stock after purchasing an additional 90,600 shares during the period. Wells Fargo & Co makes up approximately 2.0% of Honeywell International Inc.’s investment portfolio, making the stock its 9th largest holding. Honeywell International Inc.’s holdings in Wells Fargo & Co were worth $55,608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WFC. Delphi Private Advisors LLC grew its position in shares of Wells Fargo & Co 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. Stelac Advisory Services LLC acquired a new stake in Wells Fargo & Co during the second quarter worth approximately $104,000. Patriot Financial Group Insurance Agency LLC grew its position in Wells Fargo & Co by 0.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after buying an additional 6 shares in the last quarter. Clear Investment Research LLC acquired a new stake in Wells Fargo & Co during the second quarter worth approximately $121,000. Finally, Westside Investment Management Inc. grew its position in Wells Fargo & Co by 63.9% during the second quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock worth $127,000 after buying an additional 891 shares in the last quarter. Institutional investors and hedge funds own 75.70% of the company’s stock.

In other news, insider Michael J. Loughlin sold 17,482 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $57.80, for a total transaction of $1,010,459.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Levy sold 97,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total transaction of $5,477,590.00. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock worth $10,471,050 in the last ninety days. 0.22% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on the company. BMO Capital Markets restated a “hold” rating and set a $59.00 target price on shares of Wells Fargo & Co in a research note on Thursday, January 4th. Atlantic Securities upgraded Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 price target for the company in a research note on Wednesday. Vining Sparks reiterated a “buy” rating and issued a $75.00 price target on shares of Wells Fargo & Co in a research note on Monday, January 8th. Vetr cut Wells Fargo & Co from a “strong-buy” rating to a “sell” rating and set a $55.47 price target for the company. in a research note on Monday, January 8th. Finally, Sandler O’Neill raised Wells Fargo & Co from a “hold” rating to a “buy” rating and raised their target price for the stock from $62.04 to $73.00 in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $60.89.

Wells Fargo & Co (NYSE:WFC) opened at $62.55 on Friday. Wells Fargo & Co has a 1 year low of $49.27 and a 1 year high of $63.67. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91. The company has a market cap of $308,240.00, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.66 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.07). The company had revenue of $22.05 billion during the quarter, compared to the consensus estimate of $22.64 billion. Wells Fargo & Co had a return on equity of 12.59% and a net margin of 22.00%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. sell-side analysts forecast that Wells Fargo & Co will post 3.98 earnings per share for the current year.

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Wells Fargo & Co Profile

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 & Co (NYSE:WFC)

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