OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 24.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,365 shares of the financial services provider’s stock after purchasing an additional 19,165 shares during the quarter. Wells Fargo & comprises approximately 0.8% of OLD Mutual Customised Solutions Proprietary Ltd.’s portfolio, making the stock its 21st biggest holding. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Wells Fargo & were worth $5,364,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Alexandria Capital LLC increased its stake in shares of Wells Fargo & by 0.3% in the first quarter. Alexandria Capital LLC now owns 1,826 shares of the financial services provider’s stock worth $102,000 after buying an additional 6 shares during the period. Winch Advisory Services LLC increased its stake in shares of Wells Fargo & by 0.7% in the first quarter. Winch Advisory Services LLC now owns 2,756 shares of the financial services provider’s stock worth $153,000 after buying an additional 18 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in shares of Wells Fargo & by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,928 shares of the financial services provider’s stock worth $274,000 after buying an additional 24 shares during the period. Keystone Financial Planning Inc. increased its stake in shares of Wells Fargo & by 0.6% in the first quarter. Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider’s stock worth $376,000 after buying an additional 39 shares during the period. Finally, Advantage Investment Management LLC increased its stake in shares of Wells Fargo & by 0.3% in the first quarter. Advantage Investment Management LLC now owns 19,991 shares of the financial services provider’s stock worth $1,113,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 75.19% of the company’s stock.

Several analysts recently weighed in on WFC shares. Keefe, Bruyette & Woods set a $61.00 price target on shares of Wells Fargo & and gave the company a “buy” rating in a report on Friday, August 25th. Zacks Investment Research upgraded shares of Wells Fargo & from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Deutsche Bank AG restated a “buy” rating on shares of Wells Fargo & in a report on Monday, July 3rd. Robert W. Baird restated a “buy” rating and set a $58.00 target price on shares of Wells Fargo & in a report on Tuesday, September 5th. Finally, BidaskClub upgraded shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $55.83.

Shares of Wells Fargo & Company (NYSE:WFC) traded up 1.806% on Tuesday, reaching $51.575. The company had a trading volume of 8,431,787 shares. Wells Fargo & Company has a 52-week low of $43.55 and a 52-week high of $59.99. The stock has a market capitalization of $256.02 billion, a PE ratio of 12.703 and a beta of 0.96. The company has a 50 day moving average price of $52.34 and a 200 day moving average price of $54.19.

Wells Fargo & (NYSE:WFC) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. Wells Fargo & had a net margin of 23.25% and a return on equity of 12.65%. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the previous year, the company posted $1.01 EPS. Wells Fargo &’s revenue was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Wells Fargo & Company will post $4.16 earnings per share for the current year.

Wells Fargo & announced that its board has initiated a share buyback plan on Wednesday, June 28th that permits the company to buyback $11.50 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were issued a $0.39 dividend. The ex-dividend date was Wednesday, August 2nd. This is a boost from Wells Fargo &’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.08%. Wells Fargo &’s dividend payout ratio is currently 38.42%.

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About Wells Fargo &

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

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

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