Miller Howard Investments Inc. NY decreased its stake in Wells Fargo & Co. (NYSE:WFC) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,220,290 shares of the financial services provider’s stock after selling 52,651 shares during the period. Miller Howard Investments Inc. NY’s holdings in Wells Fargo & Co. were worth $57,756,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WFC. CIBC World Markets Inc. boosted its stake in Wells Fargo & Co. by 13.6% in the second quarter. CIBC World Markets Inc. now owns 784,944 shares of the financial services provider’s stock valued at $37,151,000 after buying an additional 93,961 shares during the period. Svenska Handelsbanken AB publ bought a new stake in Wells Fargo & Co. during the second quarter valued at approximately $15,118,000. Exxonmobil Investment Management Inc. TX boosted its stake in Wells Fargo & Co. by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 1,195,917 shares of the financial services provider’s stock valued at $56,603,000 after buying an additional 71,107 shares during the period. Lazard Asset Management LLC boosted its stake in Wells Fargo & Co. by 10.3% in the first quarter. Lazard Asset Management LLC now owns 6,564,216 shares of the financial services provider’s stock valued at $317,445,000 after buying an additional 611,374 shares during the period. Finally, Aviva PLC boosted its stake in Wells Fargo & Co. by 0.7% in the first quarter. Aviva PLC now owns 3,065,051 shares of the financial services provider’s stock valued at $148,226,000 after buying an additional 22,620 shares during the period. 73.98% of the stock is owned by institutional investors.

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

Wells Fargo & Co. (NYSE:WFC) traded down 0.09% during mid-day trading on Friday, reaching $44.71. 45,418,598 shares of the company’s stock were exchanged. Wells Fargo & Co. has a 52-week low of $43.55 and a 52-week high of $56.34. The stock has a market cap of $225.59 billion, a price-to-earnings ratio of 11.04 and a beta of 0.91. The company has a 50-day moving average of $46.72 and a 200-day moving average of $48.06.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Wells Fargo & Co. had a net margin of 24.33% and a return on equity of 12.95%. The firm had revenue of $22.30 billion for the quarter, compared to analyst estimates of $22.22 billion. During the same period last year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Wells Fargo & Co. will post $4.02 earnings per share for the current year.

Several analysts have recently commented on WFC shares. Zacks Investment Research raised shares of Wells Fargo & Co. from a “sell” rating to a “hold” rating in a research note on Friday, June 24th. Argus reissued a “buy” rating and set a $58.00 price target on shares of Wells Fargo & Co. in a research note on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating on shares of Wells Fargo & Co. in a research note on Sunday, June 26th. Vetr cut shares of Wells Fargo & Co. from a “strong-buy” rating to a “buy” rating and set a $51.06 price target on the stock. in a research note on Wednesday, July 6th. Finally, Jefferies Group reissued a “buy” rating and set a $53.00 price target on shares of Wells Fargo & Co. in a research note on Thursday, July 7th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $50.03.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 650,815 shares of the company’s stock, valued at $31,837,869.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is currently owned by company insiders.

Wells Fargo & Co. Company Profile

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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