Grandfield & Dodd LLC boosted its position in Wells Fargo & Company (NYSE:WFC) by 15.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,790 shares of the financial services provider’s stock after buying an additional 2,317 shares during the quarter. Grandfield & Dodd LLC’s holdings in Wells Fargo & were worth $986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Harris Associates L P increased its position in 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 buying an additional 286,710 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings 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. boosted its holdings 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. Longview Partners Guernsey LTD boosted its holdings in shares of Wells Fargo & by 5.3% in the second quarter. Longview Partners Guernsey LTD now owns 12,544,667 shares of the financial services provider’s stock worth $695,100,000 after acquiring an additional 636,994 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings 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. 75.12% of the stock is owned by institutional investors and hedge funds.

Shares of Wells Fargo & Company (WFC) opened at 55.14 on Tuesday. The firm’s 50-day moving average price is $52.69 and its 200 day moving average price is $53.56. Wells Fargo & Company has a 52 week low of $44.28 and a 52 week high of $59.99. The company has a market cap of $273.71 billion, a price-to-earnings ratio of 13.58 and a beta of 0.97.

Wells Fargo & (NYSE:WFC) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, equities research analysts forecast that Wells Fargo & Company will post $4.14 EPS for the current year.

Wells Fargo & declared that its board has approved a stock repurchase plan on Wednesday, June 28th that authorizes the company to buyback $11.50 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

A number of research firms have recently commented on WFC. Vetr lowered Wells Fargo & from a “hold” rating to a “sell” rating and set a $53.07 price target for the company. in a report on Monday, October 2nd. Citigroup Inc. reaffirmed a “buy” rating and issued a $65.00 price target (up from $60.00) on shares of Wells Fargo & in a report on Monday. UBS AG set a $57.00 price target on Wells Fargo & and gave the stock a “neutral” rating in a report on Friday. Instinet reaffirmed a “buy” rating and issued a $65.00 price target (up from $64.00) on shares of Wells Fargo & in a report on Saturday, September 30th. Finally, Vertical Group began coverage on Wells Fargo & in a report on Friday. They issued a “sell” rating for the company. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.56.

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Wells Fargo & Company 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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