Winslow Evans & Crocker Inc. cut its stake in Wells Fargo & Company (NYSE:WFC) by 7.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,989 shares of the financial services provider’s stock after selling 1,247 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Wells Fargo & were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Harris Associates L P grew its stake in shares of Wells Fargo & by 1.2% in the first quarter. Harris Associates L P now owns 23,796,125 shares of the financial services provider’s stock worth $1,324,492,000 after acquiring an additional 286,710 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Wells Fargo & by 3.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 14,311,805 shares of the financial services provider’s stock worth $796,596,000 after acquiring an additional 423,113 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Wells Fargo & by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,415,854 shares of the financial services provider’s stock worth $746,726,000 after acquiring an additional 93,236 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Wells Fargo & by 49.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,713,557 shares of the financial services provider’s stock worth $540,657,000 after acquiring an additional 3,214,592 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Wells Fargo & by 1.6% in the first quarter. AQR Capital Management LLC now owns 9,588,696 shares of the financial services provider’s stock worth $533,707,000 after acquiring an additional 149,538 shares during the period. Hedge funds and other institutional investors own 75.12% of the company’s stock.

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WFC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods set a $61.00 price target on shares of Wells Fargo & and gave the stock a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Deutsche Bank AG reiterated a “buy” rating on shares of Wells Fargo & in a research note on Monday, July 3rd. Robert W. Baird reiterated a “buy” rating and issued a $58.00 price target on shares of Wells Fargo & in a research note 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. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.44.

Wells Fargo & Company (WFC) traded up 0.063% on Friday, hitting $55.425. 6,015,520 shares of the stock were exchanged. The stock’s 50 day moving average price is $52.48 and its 200 day moving average price is $53.60. The firm has a market cap of $275.13 billion, a PE ratio of 13.651 and a beta of 0.97. Wells Fargo & Company has a 52-week low of $44.28 and a 52-week high of $59.99.

Wells Fargo & (NYSE:WFC) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the 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 net margin of 23.25% and a return on equity of 12.65%. Wells Fargo &’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. Equities research analysts forecast that Wells Fargo & Company will post $4.14 earnings per share for the current year.

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

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.

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

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