Old Mutual Global Investors UK Ltd. Has $3,208,000 Stake in Wells Fargo & Company (WFC)

Old Mutual Global Investors UK Ltd. held its stake in shares of Wells Fargo & Company (NYSE:WFC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,911 shares of the financial services provider’s stock at the end of the 2nd quarter. Old Mutual Global Investors UK Ltd.’s holdings in Wells Fargo & Company were worth $3,208,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. IFM Investors Pty Ltd increased its holdings in Wells Fargo & Company by 34.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 129,975 shares of the financial services provider’s stock valued at $7,202,000 after buying an additional 33,035 shares during the period. Davis Selected Advisers increased its holdings in Wells Fargo & Company by 1.9% in the 2nd quarter. Davis Selected Advisers now owns 25,966,811 shares of the financial services provider’s stock valued at $1,438,821,000 after buying an additional 472,585 shares during the period. Dearborn Partners LLC increased its holdings in Wells Fargo & Company by 1.4% in the 2nd quarter. Dearborn Partners LLC now owns 114,559 shares of the financial services provider’s stock valued at $6,348,000 after buying an additional 1,598 shares during the period. Argent Trust Co increased its holdings in Wells Fargo & Company by 3.8% in the 2nd quarter. Argent Trust Co now owns 39,713 shares of the financial services provider’s stock valued at $2,201,000 after buying an additional 1,456 shares during the period. Finally, Guyasuta Investment Advisors Inc. increased its holdings in Wells Fargo & Company by 11.9% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 266,017 shares of the financial services provider’s stock valued at $14,740,000 after buying an additional 28,378 shares during the period. 75.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Wells Fargo & Company (WFC) traded down $0.27 during midday trading on Friday, reaching $56.20. 31,242,318 shares of the company traded hands, compared to its average volume of 17,043,476. The firm has a market cap of $276,743.50, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.35 and a beta of 0.96. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Wells Fargo & Company has a 1-year low of $49.27 and a 1-year high of $59.99.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.20). The company had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.30 billion. Wells Fargo & Company had a return on equity of 12.59% and a net margin of 22.00%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. research analysts predict that Wells Fargo & Company will post 3.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.56 annualized dividend and a yield of 2.78%. Wells Fargo & Company’s dividend payout ratio (DPR) is 40.31%.

In related news, VP Richard Levy sold 97,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John R. Shrewsberry sold 70,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Wells Fargo & Company in a report on Wednesday, August 16th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Wells Fargo & Company in a report on Wednesday, October 11th. Vetr raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating and set a $54.49 target price on the stock in a report on Tuesday, October 24th. Vertical Group assumed coverage on shares of Wells Fargo & Company in a report on Friday, October 6th. They issued a “sell” rating on the stock. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $57.00 target price on shares of Wells Fargo & Company in a report on Tuesday, October 10th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Wells Fargo & Company has a consensus rating of “Hold” and a consensus price target of $57.25.

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Wells Fargo & Company Company 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.

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

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