CFO4Life Group LLC boosted its holdings in Wells Fargo & Company (NYSE:WFC) by 14.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,790 shares of the financial services provider’s stock after purchasing an additional 2,405 shares during the quarter. Wells Fargo & accounts for about 1.0% of CFO4Life Group LLC’s portfolio, making the stock its 13th largest holding. CFO4Life Group LLC’s holdings in Wells Fargo & were worth $1,041,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WFC. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Wells Fargo & by 4.0% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 792,424 shares of the financial services provider’s stock worth $44,106,000 after purchasing an additional 30,228 shares in the last quarter. Alpha Omega Wealth Management LLC raised its position in shares of Wells Fargo & by 9.4% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 3,003 shares of the financial services provider’s stock valued at $167,000 after buying an additional 258 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of Wells Fargo & by 2.2% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 241,697 shares of the financial services provider’s stock valued at $13,453,000 after buying an additional 5,165 shares in the last quarter. Cedar Wealth Management LLC raised its position in shares of Wells Fargo & by 5.6% in the 1st quarter. Cedar Wealth Management LLC now owns 3,654 shares of the financial services provider’s stock valued at $203,000 after buying an additional 193 shares in the last quarter. Finally, First Houston Capital Inc. raised its position in shares of Wells Fargo & by 26.7% in the 1st quarter. First Houston Capital Inc. now owns 10,900 shares of the financial services provider’s stock valued at $607,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 74.88% of the company’s stock.

Wells Fargo & Company (NYSE:WFC) opened at $54.05 on Tuesday. The stock has a market cap of $266,350.00, a price-to-earnings ratio of 13.08, a P/E/G ratio of 1.30 and a beta of 0.97. Wells Fargo & Company has a 12 month low of $49.27 and a 12 month high of $59.99. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91.

Wells Fargo & (NYSE:WFC) last issued its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.20). Wells Fargo & had a return on equity of 12.59% and a net margin of 22.00%. The company had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. analysts predict that Wells Fargo & Company will post 3.97 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.56 annualized dividend and a yield of 2.89%. Wells Fargo &’s payout ratio is 40.31%.

Several equities analysts have recently commented on WFC shares. Vetr upgraded shares of Wells Fargo & to a “strong-buy” rating in a research report on Thursday, September 7th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Wells Fargo & in a research report on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Wells Fargo & in a research report on Wednesday, October 11th. Robert W. Baird restated a “buy” rating and issued a $58.00 target price on shares of Wells Fargo & in a research report on Tuesday, September 5th. Finally, Citigroup Inc. restated a “buy” rating and issued a $65.00 target price (up from $60.00) on shares of Wells Fargo & in a research report on Monday, October 9th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.20.

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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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