Lawson Kroeker Investment Management Inc. NE boosted its position in Wells Fargo & Co. (NYSE:WFC) by 38.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,237 shares of the financial services provider’s stock after buying an additional 9,245 shares during the period. Lawson Kroeker Investment Management Inc. NE’s holdings in Wells Fargo & Co. were worth $1,472,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Annex Advisory Services LLC increased its stake in shares of Wells Fargo & Co. by 0.4% in the second quarter. Annex Advisory Services LLC now owns 6,422 shares of the financial services provider’s stock worth $304,000 after buying an additional 25 shares during the last quarter. 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 last quarter. Oakworth Capital Inc. increased its stake in shares of Wells Fargo & Co. by 0.3% in the second quarter. Oakworth Capital Inc. now owns 14,625 shares of the financial services provider’s stock worth $741,000 after buying an additional 40 shares during the last quarter. Sharkey Howes & Javer increased its stake in shares of Wells Fargo & Co. by 0.7% in the second quarter. Sharkey Howes & Javer now owns 5,915 shares of the financial services provider’s stock worth $280,000 after buying an additional 44 shares during the last quarter. Finally, Homrich & Berg increased its stake in shares of Wells Fargo & Co. by 0.3% in the second quarter. Homrich & Berg now owns 21,168 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 56 shares during the last quarter. 72.76% of the stock is currently owned by institutional investors and hedge funds.

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

Wells Fargo & Co. (NYSE:WFC) traded down 1.98% during trading on Monday, reaching $51.58. The company’s stock had a trading volume of 26,518,494 shares. The company has a market capitalization of $259.05 billion, a PE ratio of 12.80 and a beta of 0.93. The company has a 50 day moving average price of $47.82 and a 200-day moving average price of $47.86. Wells Fargo & Co. has a 52 week low of $43.55 and a 52 week high of $56.24.

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

The firm 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 dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, November 2nd. Wells Fargo & Co.’s dividend payout ratio (DPR) is 37.44%.

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A number of brokerages recently weighed in on WFC. Vetr raised Wells Fargo & Co. from a “strong sell” rating to a “sell” rating and set a $46.56 price objective on the stock in a research report on Monday. Jefferies Group reaffirmed a “hold” rating on shares of Wells Fargo & Co. in a research report on Monday. Barclays PLC reiterated an “outperform” rating and issued a $56.00 price target (down from $58.00) on shares of Wells Fargo & Co. in a research note on Tuesday, October 18th. FBR & Co cut Wells Fargo & Co. from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $50.00 to $45.00 in a research note on Wednesday, October 19th. Finally, reiterated an “outperform” rating and issued a $57.00 price target on shares of Wells Fargo & Co. in a research note on Tuesday, September 20th. Nine investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $49.57.

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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