Bristol John W & Co. Inc. NY reduced its stake in Wells Fargo & Co. (NYSE:WFC) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,407,104 shares of the financial services provider’s stock after selling 78,711 shares during the period. Bristol John W & Co. Inc. NY’s holdings in Wells Fargo & Co. were worth $62,307,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in WFC. AMP Capital Investors Ltd raised its position in shares of Wells Fargo & Co. by 0.9% in the first quarter. AMP Capital Investors Ltd now owns 2,665,156 shares of the financial services provider’s stock worth $129,659,000 after buying an additional 23,048 shares during the period. Sather Financial Group Inc raised its position in shares of Wells Fargo & Co. by 9.2% in the first quarter. Sather Financial Group Inc now owns 101,249 shares of the financial services provider’s stock worth $4,896,000 after buying an additional 8,497 shares during the period. National Pension Service raised its position in shares of Wells Fargo & Co. by 4.2% in the first quarter. National Pension Service now owns 2,441,956 shares of the financial services provider’s stock worth $118,093,000 after buying an additional 98,655 shares during the period. Adage Capital Partners GP L.L.C. raised its position in shares of Wells Fargo & Co. by 5.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 6,803,238 shares of the financial services provider’s stock worth $329,005,000 after buying an additional 325,900 shares during the period. Finally, Allen Investment Management LLC raised its position in shares of Wells Fargo & Co. by 10.0% in the first quarter. Allen Investment Management LLC now owns 24,288 shares of the financial services provider’s stock worth $1,175,000 after buying an additional 2,198 shares during the period. Institutional investors and hedge funds own 72.76% of the company’s stock.

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

Wells Fargo & Co. (NYSE:WFC) opened at 51.81 on Tuesday. Wells Fargo & Co. has a 12-month low of $43.55 and a 12-month high of $56.24. The stock has a 50 day moving average price of $47.82 and a 200-day moving average price of $47.86. The firm has a market cap of $260.21 billion, a price-to-earnings ratio of 12.86 and a beta of 0.93.

Wells Fargo & Co. (NYSE:WFC) last posted its earnings results on Friday, October 14th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Wells Fargo & Co. had a return on equity of 12.72% and a net margin of 23.91%. The business earned $22.30 billion during the quarter. During the same quarter last year, the business posted $1.05 EPS. Wells Fargo & Co.’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Wells Fargo & Co. will post $4.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 4th will be paid a $0.38 dividend. The ex-dividend date is Wednesday, November 2nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.95%. Wells Fargo & Co.’s dividend payout ratio (DPR) is currently 37.44%.

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A number of research analysts have recently issued reports on WFC shares. Evercore ISI reiterated a “buy” rating and set a $51.00 target price on shares of Wells Fargo & Co. in a research report on Sunday, October 23rd. Citigroup Inc. reiterated a “buy” rating on shares of Wells Fargo & Co. in a research report on Thursday, November 10th. Vetr downgraded Wells Fargo & Co. from a “hold” rating to a “sell” rating and set a $46.32 price objective for the company. in a research note on Tuesday, August 30th. Raymond James Financial Inc. reissued a “market perform” rating on shares of Wells Fargo & Co. in a research note on Friday, September 23rd. Finally, Keefe, Bruyette & Woods set a $57.00 price objective on Wells Fargo & Co. and gave the company a “buy” rating in a research note on Thursday, October 13th. Nine research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $49.57.

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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