C WorldWide Group Holding A S Boosts Stake in Wells Fargo & Co (WFC)

C WorldWide Group Holding A S grew its stake in shares of Wells Fargo & Co (NYSE:WFC) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,980,528 shares of the financial services provider’s stock after acquiring an additional 146,925 shares during the period. Wells Fargo & Co comprises about 4.7% of C WorldWide Group Holding A S’s holdings, making the stock its 10th biggest position. C WorldWide Group Holding A S’s holdings in Wells Fargo & Co were worth $329,827,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Stelac Advisory Services LLC acquired a new stake in shares of Wells Fargo & Co during the 2nd quarter valued at approximately $104,000. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Wells Fargo & Co by 0.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 6 shares during the period. Clear Investment Research LLC acquired a new stake in shares of Wells Fargo & Co during the 2nd quarter valued at approximately $121,000. Westside Investment Management Inc. lifted its position in shares of Wells Fargo & Co by 63.9% during the 2nd quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 891 shares during the period. Finally, America First Investment Advisors LLC lifted its position in shares of Wells Fargo & Co by 8.3% during the 2nd quarter. America First Investment Advisors LLC now owns 2,612 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 200 shares during the period. Institutional investors own 75.70% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Vetr upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.49 price target for the company in a research report on Tuesday, October 24th. Vertical Group upgraded Wells Fargo & Co from a “sell” rating to a “buy” rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods restated a “buy” rating and set a $59.00 price objective on shares of Wells Fargo & Co in a research report on Monday, October 16th. Buckingham Research upgraded Wells Fargo & Co from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $57.00 to $75.00 in a research report on Thursday, December 21st. They noted that the move was a valuation call. Finally, Citigroup restated a “buy” rating and set a $65.00 price objective (up from $60.00) on shares of Wells Fargo & Co in a research report on Monday, October 9th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $60.89.

Shares of Wells Fargo & Co (NYSE WFC) opened at $62.55 on Friday. 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. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. Wells Fargo & Co has a 12 month low of $49.27 and a 12 month high of $63.67.

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

In other Wells Fargo & Co news, insider Michael J. Loughlin sold 17,482 shares of Wells Fargo & Co stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $57.80, for a total value of $1,010,459.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Levy sold 97,000 shares of Wells Fargo & Co stock in a transaction that occurred 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 valued at $10,471,050 over the last ninety days. 0.22% of the stock is owned by corporate insiders.

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Wells Fargo & Co 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 & Co (NYSE:WFC)

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