Neville Rodie & Shaw Inc. reduced its stake in Wells Fargo & Co. (NYSE:WFC) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 293,983 shares of the financial services provider’s stock after selling 16,512 shares during the period. Wells Fargo & Co. accounts for about 1.5% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 10th largest position. Neville Rodie & Shaw Inc.’s holdings in Wells Fargo & Co. were worth $13,018,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WFC. Vanguard Group Inc. increased its stake in Wells Fargo & Co. by 2.2% in the second quarter. Vanguard Group Inc. now owns 288,028,042 shares of the financial services provider’s stock worth $13,632,368,000 after buying an additional 6,247,583 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Wells Fargo & Co. by 2.8% in the second quarter. TIAA CREF Investment Management LLC now owns 29,781,903 shares of the financial services provider’s stock worth $1,409,577,000 after buying an additional 810,161 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Wells Fargo & Co. by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 24,714,185 shares of the financial services provider’s stock worth $1,169,680,000 after buying an additional 2,987,795 shares in the last quarter. Davis Selected Advisers increased its position in shares of Wells Fargo & Co. by 1.2% in the second quarter. Davis Selected Advisers now owns 24,227,545 shares of the financial services provider’s stock worth $1,146,690,000 after buying an additional 294,032 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Wells Fargo & Co. by 1.9% in the second quarter. Legal & General Group Plc now owns 23,166,689 shares of the financial services provider’s stock worth $1,096,389,000 after buying an additional 436,801 shares during the period. Institutional investors own 72.76% of the company’s stock.

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

Wells Fargo & Co. (NYSE:WFC) traded down 1.853% during midday trading on Monday, reaching $51.645. The company’s stock had a trading volume of 19,891,551 shares. Wells Fargo & Co. has a 1-year low of $43.55 and a 1-year high of $56.24. The company has a 50 day moving average price of $47.64 and a 200 day moving average price of $47.87. The firm has a market cap of $259.38 billion, a price-to-earnings ratio of 12.815 and a beta of 0.93.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The business had revenue of $22.30 billion for the quarter. Wells Fargo & Co. had a return on equity of 12.72% and a net margin of 23.91%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. On average, equities research analysts expect that Wells Fargo & Co. will post $4.03 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 4th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Wednesday, November 2nd. Wells Fargo & Co.’s dividend payout ratio is currently 37.44%.

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A number of research analysts recently commented on WFC shares. JPMorgan Chase & Co. cut Wells Fargo & Co. from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $53.50 to $48.00 in a report on Wednesday, September 21st. Macquarie reissued an “underperform” rating on shares of Wells Fargo & Co. in a report on Tuesday, October 18th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $57.00 price objective on shares of Wells Fargo & Co. in a report on Friday, September 9th. Argus reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a report on Thursday, October 13th. Finally, Citigroup Inc. cut Wells Fargo & Co. to an “underperform” rating in a report on Friday, November 18th. Nine analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. Wells Fargo & Co. currently has a consensus rating of “Hold” and a consensus price target of $49.56.

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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