Janney Capital Management LLC increased its holdings in Wells Fargo & Company (NYSE:WFC) by 1.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,796 shares of the financial services provider’s stock after purchasing an additional 137 shares during the period. Janney Capital Management LLC’s holdings in Wells Fargo & were worth $542,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Alexandria Capital LLC boosted its position in Wells Fargo & by 0.3% during the 1st quarter. Alexandria Capital LLC now owns 1,826 shares of the financial services provider’s stock valued at $102,000 after buying an additional 6 shares during the period. Winch Advisory Services LLC boosted its position in Wells Fargo & by 0.7% during the 1st quarter. Winch Advisory Services LLC now owns 2,756 shares of the financial services provider’s stock valued at $153,000 after buying an additional 18 shares during the period. Jackson Grant Investment Advisers Inc. boosted its position in Wells Fargo & by 0.5% during the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 4,928 shares of the financial services provider’s stock valued at $274,000 after buying an additional 24 shares during the period. Keystone Financial Planning Inc. boosted its position in Wells Fargo & by 0.6% during the 1st quarter. Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider’s stock valued at $376,000 after buying an additional 39 shares during the period. Finally, Country Club Trust Company n.a. boosted its position in Wells Fargo & by 0.3% during the 2nd quarter. Country Club Trust Company n.a. now owns 16,742 shares of the financial services provider’s stock valued at $927,000 after buying an additional 47 shares during the period. 75.12% of the stock is owned by institutional investors.

Shares of Wells Fargo & Company (WFC) opened at 54.96 on Thursday. Wells Fargo & Company has a one year low of $44.28 and a one year high of $59.99. The stock’s 50 day moving average is $52.40 and its 200-day moving average is $53.59. The stock has a market cap of $272.82 billion, a P/E ratio of 13.54 and a beta of 0.97.

Wells Fargo & (NYSE:WFC) last issued its earnings results on Friday, July 14th. The financial services provider reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.23 billion. Wells Fargo & had a return on equity of 12.65% and a net margin of 23.25%. Wells Fargo &’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. On average, equities analysts forecast that Wells Fargo & Company will post $4.15 EPS for the current year.

Wells Fargo & announced that its Board of Directors has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $11.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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WFC has been the subject of several analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $62.00 price target on shares of Wells Fargo & in a research report on Thursday, June 8th. BidaskClub upgraded shares of Wells Fargo & from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Vetr lowered shares of Wells Fargo & from a “buy” rating to a “hold” rating and set a $54.80 price objective for the company. in a report on Monday, June 12th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Wells Fargo & in a report on Monday, June 12th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Wells Fargo & in a report on Monday, July 3rd. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $56.41.

Wells Fargo & Profile

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.

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

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