Robeco Institutional Asset Management B.V. cut its position in shares of Wells Fargo & Co. (NYSE:WFC) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 350,357 shares of the financial services provider’s stock after selling 6,599 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Wells Fargo & Co. were worth $16,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brick & Kyle Associates increased its stake in shares of Wells Fargo & Co. by 10.6% in the first quarter. Brick & Kyle Associates now owns 3,153 shares of the financial services provider’s stock worth $152,000 after buying an additional 303 shares during the period. Ironwood Financial llc acquired a new stake in shares of Wells Fargo & Co. during the first quarter worth about $182,000. Financial Advisory Group increased its stake in shares of Wells Fargo & Co. by 0.5% in the first quarter. Financial Advisory Group now owns 4,264 shares of the financial services provider’s stock worth $206,000 after buying an additional 22 shares during the period. Bollard Group LLC increased its stake in shares of Wells Fargo & Co. by 0.8% in the second quarter. Bollard Group LLC now owns 4,411 shares of the financial services provider’s stock worth $209,000 after buying an additional 33 shares during the period. Finally, Benin Management CORP increased its stake in shares of Wells Fargo & Co. by 9.2% in the second quarter. Benin Management CORP now owns 4,771 shares of the financial services provider’s stock worth $226,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 73.98% of the company’s stock.

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

Shares of Wells Fargo & Co. (NYSE:WFC) traded down 0.44% during mid-day trading on Tuesday, reaching $45.45. The company had a trading volume of 25,440,504 shares. The company’s 50-day moving average is $47.11 and its 200 day moving average is $48.15. The stock has a market capitalization of $229.32 billion, a P/E ratio of 11.22 and a beta of 0.91. Wells Fargo & Co. has a 52-week low of $43.55 and a 52-week high of $56.34.

Wells Fargo & Co. (NYSE:WFC) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. The firm had revenue of $22.20 billion for the quarter. Wells Fargo & Co. had a net margin of 24.33% and a return on equity of 12.95%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. Analysts anticipate that Wells Fargo & Co. will post $4.02 EPS for the current fiscal year.

Several analysts have recently weighed in on WFC shares. Atlantic Securities downgraded Wells Fargo & Co. from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $46.15 to $44.00 in a report on Friday, September 16th. Rafferty Capital Markets downgraded Wells Fargo & Co. from a “hold” rating to a “sell” rating and set a $44.00 target price for the company. in a report on Friday, September 9th. Zacks Investment Research raised Wells Fargo & Co. from a “sell” rating to a “hold” rating in a report on Monday, July 4th. Sandler O’Neill reissued a “hold” rating on shares of Wells Fargo & Co. in a report on Friday, September 30th. Finally, Raymond James Financial Inc. downgraded Wells Fargo & Co. from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 4th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $50.41.

In related news, COO Timothy J. Sloan sold 20,500 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $48.92, for a total value of $1,002,860.00. Following the completion of the transaction, the chief operating officer now owns 650,815 shares of the company’s stock, valued at approximately $31,837,869.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

About Wells Fargo & Co.

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

5 Day Chart for NYSE:WFC

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