Gofen & Glossberg LLC IL raised its stake in shares of Wells Fargo & Co. (NYSE:WFC) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 381,329 shares of the financial services provider’s stock after buying an additional 4,391 shares during the period. Gofen & Glossberg LLC IL’s holdings in Wells Fargo & Co. were worth $16,885,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Annex Advisory Services LLC raised its position in 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 valued at $304,000 after buying an additional 25 shares during the last quarter. Bollard Group LLC raised its position in 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 valued at $209,000 after buying an additional 33 shares during the last quarter. Oakworth Capital Inc. raised its position in 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 valued at $741,000 after buying an additional 40 shares during the last quarter. Sharkey Howes & Javer raised its position in 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 valued at $280,000 after buying an additional 44 shares during the last quarter. Finally, Homrich & Berg raised its position in Wells Fargo & Co. by 0.3% in the second quarter. Homrich & Berg now owns 21,168 shares of the financial services provider’s stock valued at $1,002,000 after buying an additional 56 shares during the last quarter. 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) traded up 1.75% during mid-day trading on Wednesday, hitting $52.77. 7,672,857 shares of the stock were exchanged. The stock 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 1-year low of $43.55 and a 1-year high of $56.24. The company has a market capitalization of $265.03 billion, a PE ratio of 13.09 and a beta of 0.93.

Wells Fargo & Co. (NYSE:WFC) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The company 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%. Wells Fargo & Co.’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. On average, equities analysts anticipate that Wells Fargo & Co. will post $4.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 4th will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.93%. Wells Fargo & Co.’s dividend payout ratio (DPR) is presently 37.44%.

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Several equities research analysts have recently weighed in on WFC shares. Jefferies Group downgraded shares of Wells Fargo & Co. from a “buy” rating to a “hold” rating in a research report on Monday. Vetr raised shares of Wells Fargo & Co. from a “strong sell” rating to a “sell” rating and set a $46.16 target price for the company in a research note on Wednesday, November 16th. BMO Capital Markets lowered shares of Wells Fargo & Co. from a “market perform” rating to an “underperform” rating and boosted their target price for the company from $43.55 to $47.00 in a research note on Friday, November 18th. They noted that the move was a valuation call. Barclays PLC reissued an “outperform” rating and set a $56.00 target price (down from $58.00) on shares of Wells Fargo & Co. in a research note on Tuesday, October 18th. Finally, Sandler O’Neill reaffirmed a “hold” rating on shares of Wells Fargo & Co. in a research note on Friday, September 9th. Nine investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price 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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