Tiaa Fsb Has $20.09 Million Position in Wells Fargo & Co (WFC)

Tiaa Fsb trimmed its holdings in Wells Fargo & Co (NYSE:WFC) by 6.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 362,419 shares of the financial services provider’s stock after selling 24,801 shares during the period. Tiaa Fsb’s holdings in Wells Fargo & Co were worth $20,092,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Wetherby Asset Management Inc. boosted its position in shares of Wells Fargo & Co by 1.2% during the fourth quarter. Wetherby Asset Management Inc. now owns 73,867 shares of the financial services provider’s stock worth $4,482,000 after buying an additional 899 shares during the period. Boyd Watterson Asset Management LLC OH boosted its position in shares of Wells Fargo & Co by 2.8% during the second quarter. Boyd Watterson Asset Management LLC OH now owns 33,937 shares of the financial services provider’s stock worth $1,881,000 after buying an additional 909 shares during the period. Cypress Wealth Advisors LLC boosted its position in shares of Wells Fargo & Co by 9.8% during the first quarter. Cypress Wealth Advisors LLC now owns 10,221 shares of the financial services provider’s stock worth $536,000 after buying an additional 916 shares during the period. Baker Avenue Asset Management LP boosted its position in shares of Wells Fargo & Co by 9.9% during the first quarter. Baker Avenue Asset Management LP now owns 10,539 shares of the financial services provider’s stock worth $552,000 after buying an additional 952 shares during the period. Finally, Gould Asset Management LLC CA boosted its position in shares of Wells Fargo & Co by 10.6% during the fourth quarter. Gould Asset Management LLC CA now owns 10,461 shares of the financial services provider’s stock worth $635,000 after buying an additional 1,000 shares during the period. Institutional investors own 76.36% of the company’s stock.

In other Wells Fargo & Co news, EVP Petros G. Pelos sold 25,567 shares of the firm’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $54.76, for a total value of $1,400,048.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Wells Fargo & Co opened at $58.83 on Friday, MarketBeat.com reports. Wells Fargo & Co has a 1-year low of $49.27 and a 1-year high of $66.31. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.88. The firm has a market capitalization of $281.20 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Friday, August 10th will be paid a $0.43 dividend. The ex-dividend date is Thursday, August 9th. This is a boost from Wells Fargo & Co’s previous quarterly dividend of $0.39. This represents a $1.72 dividend on an annualized basis and a yield of 2.92%. Wells Fargo & Co’s dividend payout ratio (DPR) is currently 37.96%.

A number of research analysts recently issued reports on WFC shares. Zacks Investment Research lowered Wells Fargo & Co from a “hold” rating to a “sell” rating in a report on Monday, April 9th. Keefe, Bruyette & Woods upgraded Wells Fargo & Co to a “buy” rating in a report on Monday, April 30th. Macquarie upgraded Wells Fargo & Co from an “underperform” rating to an “outperform” rating in a report on Monday, April 30th. Morgan Stanley decreased their target price on Wells Fargo & Co from $64.00 to $60.00 and set an “underweight” rating for the company in a report on Monday, April 16th. Finally, Susquehanna Bancshares set a $63.00 target price on Wells Fargo & Co and gave the company a “hold” rating in a report on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. Wells Fargo & Co has a consensus rating of “Buy” and a consensus target price of $63.34.

About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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

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