Prudential Financial Inc. raised its stake in Wells Fargo & Company (NYSE:WFC) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,119,235 shares of the financial services provider’s stock after purchasing an additional 71,370 shares during the quarter. Wells Fargo & comprises approximately 0.8% of Prudential Financial Inc.’s holdings, making the stock its 13th biggest holding. Prudential Financial Inc. owned approximately 0.20% of Wells Fargo & worth $560,706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WFC. Winch Advisory Services LLC lifted its holdings in shares of 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 acquiring an additional 18 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of 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 acquiring an additional 24 shares in the last quarter. Keystone Financial Planning Inc. lifted its holdings in shares of 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 acquiring an additional 39 shares in the last quarter. Financial Advisory Service Inc. lifted its holdings in shares of Wells Fargo & by 0.6% during the 2nd quarter. Financial Advisory Service Inc. now owns 7,067 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 42 shares in the last quarter. Finally, Country Club Trust Company n.a. lifted its holdings in shares of 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 acquiring an additional 47 shares in the last quarter. Institutional investors own 75.86% of the company’s stock.

A number of brokerages have commented on WFC. Vetr upgraded shares of Wells Fargo & from a “sell” rating to a “hold” rating and set a $54.49 price objective on the stock in a report on Tuesday, October 24th. Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 price objective on shares of Wells Fargo & in a report on Wednesday. BidaskClub lowered shares of Wells Fargo & from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies reiterated a “neutral” rating and issued a $50.00 price objective (down previously from $52.00) on shares of Wells Fargo & in a report on Wednesday, September 13th. Finally, Berenberg Bank lowered shares of Wells Fargo & from a “hold” rating to a “sell” rating and boosted their price objective for the stock from $35.00 to $45.00 in a report on Friday, July 21st. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $57.20.

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Shares of Wells Fargo & Company (WFC) opened at $53.75 on Thursday. Wells Fargo & Company has a one year low of $49.27 and a one year high of $59.99. The company has a market cap of $265,610.00, a P/E ratio of 12.98, a P/E/G ratio of 1.29 and a beta of 0.97. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32.

Wells Fargo & (NYSE:WFC) last released its earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.20). Wells Fargo & had a net margin of 21.23% and a return on equity of 9.33%. The business had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.30 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. equities analysts predict that Wells Fargo & Company will post 3.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, November 2nd. Wells Fargo &’s dividend payout ratio is presently 40.31%.

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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