Manning & Napier Advisors LLC increased its stake in Wells Fargo & Co (NYSE:WFC) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 591,962 shares of the financial services provider’s stock after buying an additional 8,358 shares during the period. Manning & Napier Advisors LLC’s holdings in Wells Fargo & Co were worth $32,646,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WFC. Confluence Investment Management LLC increased its position in Wells Fargo & Co by 13.4% during the 2nd quarter. Confluence Investment Management LLC now owns 4,675 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 554 shares during the period. First Financial Bank Trust Division increased its position in Wells Fargo & Co by 1.7% during the 2nd quarter. First Financial Bank Trust Division now owns 125,220 shares of the financial services provider’s stock valued at $6,938,000 after purchasing an additional 2,036 shares during the period. Banced Corp increased its position in Wells Fargo & Co by 7.2% during the 2nd quarter. Banced Corp now owns 3,911 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 262 shares during the period. Narwhal Capital Management increased its position in Wells Fargo & Co by 33.7% during the 2nd quarter. Narwhal Capital Management now owns 85,035 shares of the financial services provider’s stock valued at $4,712,000 after purchasing an additional 21,450 shares during the period. Finally, Pennsylvania Trust Co increased its position in Wells Fargo & Co by 7.1% during the 2nd quarter. Pennsylvania Trust Co now owns 186,376 shares of the financial services provider’s stock valued at $10,335,000 after purchasing an additional 12,282 shares during the period. 75.71% of the stock is currently owned by institutional investors.

A number of research analysts have commented on WFC shares. Nomura raised their target price on shares of Wells Fargo & Co from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, September 28th. Instinet reissued a “buy” rating and set a $65.00 target price (up previously from $64.00) on shares of Wells Fargo & Co in a research report on Saturday, September 30th. Vetr downgraded shares of Wells Fargo & Co from a “hold” rating to a “sell” rating and set a $53.07 target price on the stock. in a research report on Monday, October 2nd. UBS Group set a $57.00 target price on shares of Wells Fargo & Co and gave the company a “neutral” rating in a research report on Friday, October 6th. Finally, Vertical Group assumed coverage on shares of Wells Fargo & Co in a report on Friday, October 6th. They issued a “sell” rating on the stock. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. Wells Fargo & Co currently has an average rating of “Hold” and an average target price of $61.71.

Shares of Wells Fargo & Co (NYSE WFC) opened at $64.22 on Monday. The firm has a market cap of $316,470.00, a PE ratio of 15.55, a PEG ratio of 1.69 and a beta of 0.96. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.90 and a quick ratio of 0.88. Wells Fargo & Co has a 1-year low of $49.27 and a 1-year high of $64.31.

Wells Fargo & Co (NYSE:WFC) last released its earnings results on Friday, January 12th. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.07). The company had revenue of $22.05 billion during the quarter, compared to analyst estimates of $22.64 billion. Wells Fargo & Co had a return on equity of 12.24% and a net margin of 22.57%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. sell-side analysts predict that Wells Fargo & Co will post 4.7 earnings per share for the current fiscal year.

In related news, insider Michael J. Loughlin sold 17,482 shares of Wells Fargo & Co stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $57.80, for a total value of $1,010,459.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John R. Shrewsberry sold 70,000 shares of Wells Fargo & Co stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock valued at $10,471,050 over the last quarter. 0.22% of the stock is owned by company insiders.

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Wells Fargo & Co 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.

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

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