American Asset Management Inc. lessened its position in Wells Fargo & Company (NYSE:WFC) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,325 shares of the financial services provider’s stock after selling 200 shares during the period. American Asset Management Inc.’s holdings in Wells Fargo & were worth $240,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners increased its holdings in shares of Wells Fargo & by 50.0% in the 1st quarter. Boston Partners now owns 7,948,841 shares of the financial services provider’s stock worth $442,432,000 after acquiring an additional 2,648,763 shares during the period. Rockland Trust Co. increased its holdings in shares of Wells Fargo & by 0.6% in the 2nd quarter. Rockland Trust Co. now owns 316,530 shares of the financial services provider’s stock worth $17,539,000 after acquiring an additional 1,856 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Wells Fargo & by 83.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,972,116 shares of the financial services provider’s stock worth $443,728,000 after acquiring an additional 3,637,100 shares during the period. Kelman Lazarov Inc. increased its holdings in shares of Wells Fargo & by 6.0% in the 2nd quarter. Kelman Lazarov Inc. now owns 64,172 shares of the financial services provider’s stock worth $3,556,000 after acquiring an additional 3,612 shares during the period. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of Wells Fargo & by 4.7% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 103,269 shares of the financial services provider’s stock worth $5,722,000 after acquiring an additional 4,647 shares during the period. 75.86% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Wells Fargo & in a research note on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Wells Fargo & in a research note on Wednesday, October 11th. Vetr raised shares of Wells Fargo & from a “sell” rating to a “hold” rating and set a $54.49 price objective on the stock in a research note on Tuesday, October 24th. Vertical Group started coverage on shares of Wells Fargo & in a research note on Friday, October 6th. They issued a “sell” rating on the stock. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Wells Fargo & in a research note on Tuesday, October 10th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Wells Fargo & currently has a consensus rating of “Hold” and an average target price of $57.20.

Shares of Wells Fargo & Company (NYSE WFC) opened at $54.60 on Friday. Wells Fargo & Company has a 52 week low of $49.27 and a 52 week high of $59.99. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The company has a market cap of $269,060.00, a price-to-earnings ratio of 13.05, a PEG ratio of 1.30 and a beta of 0.97.

Wells Fargo & (NYSE:WFC) last issued its quarterly 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). The company had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.30 billion. Wells Fargo & had a return on equity of 12.59% and a net margin of 22.00%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. sell-side analysts expect that Wells Fargo & Company will post 3.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.56 annualized dividend and a yield of 2.86%. Wells Fargo &’s dividend payout ratio (DPR) is 40.31%.

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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