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Principale » Burke & Herbert Bank & Trust Co. Boosts Position in Wells Fargo & Co

Burke & Herbert Bank & Trust Co. Boosts Position in Wells Fargo & Co

17 Mai 2017

Summit Securities Group Ltd Company holds 0.08% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 6,300 shares. Its sales stood at 1.70% a year on average in the period of last five years. Rocky Mountain Advisers LLC now owns 1,850 shares of the financial services provider's stock worth $102,000 after buying an additional 1,000 shares during the period. Adirondack Trust Co.'s holdings in Wells Fargo & Co were worth $258,000 as of its most recent filing with the SEC.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gould Asset Management LLC CA boosted its stake in shares of Wells Fargo & Co by 0.6% in the fourth quarter.

The number of shares now held by investors is 5 Billion. It also reduced its holding in Service Corp Intl (NYSE:SCI) by 860,581 shares in the quarter, leaving it with 7.73 million shares, and cut its stake in Jpmorgan Chase & Co (NYSE:JPM). They expect $1.04 EPS, up 2.97 % or $0.03 from last year's $1.01 per share. Dodge & Cox acquired a new position in Wells Fargo & Co during the fourth quarter valued at about $3,942,119,000. Moreover, Buckingham Capital Management Inc has 1.34% invested in the company for 434,291 shares. Denali Advisors LLC increased its position in Wells Fargo & Co by 19.2% in the first quarter. The company's quarterly revenue was down.9% compared to the same quarter past year.

In related news, insider David M. Carroll sold 117,704 shares of the business's stock in a transaction that occurred on Friday, March 3rd. The Connecticut-based Thomson Horstmann & Bryant Inc has invested 1.12% in the stock. The stock has a 50 day moving average of $54.40 and a 200 day moving average of $54.61.

A number of other equities research analysts have also recently commented on the company. Wells Fargo & Co has a 12-month low of $43.55 and a 12-month high of $59.99.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Thursday, April 13th. The financial services provider reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.03. Wells Fargo & Co had a net margin of 23.30% and a return on equity of 12.60%. Revenue during the period amounted to $21.58B, while analysts were anticipating 22.45B. Wells Fargo & Co's revenue was down.9% compared to the same quarter a year ago.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. National Bank & Trust Of The Ozarks invested in 0.5% or 27,691 shares. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.85%. Wells Fargo & Co New Com now has $262.89 billion valuation.

WARNING: This story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another publication, it was copied illegally and reposted in violation of worldwide copyright laws. Argus Research maintained the shares of WFC in report on Tuesday, January 19 with "Buy" rating. On Monday, April 10 BERKSHIRE HATHAWAY INC sold $383.92M worth of Wells Fargo & Co (NYSE:WFC) or 7.13M shares. Jefferies Group LLC reaffirmed a "hold" rating and issued a $62.00 target price on shares of Wells Fargo & Co in a report on Wednesday, April 5th.

Wells Fargo & Company (NYSE:WFC) plunged -1.34% with the closing price of $53.02. Smithbridge Asset Mgmt Inc De, Pennsylvania-based fund reported 4,877 shares. At the time of writing, the First Call consensus price target for the company is $57.81. Wells Fargo & Company (WFC) has gained $1.85, or +3.60%, in the last 30 days. $499,108 worth of Wells Fargo & Co (NYSE:WFC) was bought by SARGENT RONALD on Friday, May 5. The shares were sold at an average price of $59.02, for a total transaction of $6,946,890.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The stock was purchased at an average price of $51.65 per share, with a total value of $2,014,350.00. Following the completion of the transaction, the chief executive officer now directly owns 754,581 shares of the company's stock, valued at $38,974,108.65. The disclosure for this purchase can be found here.

The stock grew about 4.16% in the past 5 years, this positive value indicates that the stock constantly performed well in previous years as well.

The company has been one of the biggest innovators in "Money Center Banks" employing approximately 272800 full time employees.