AMP Capital Investors Ltd raised its position in shares of Wells Fargo & Co (NYSE:WFC) by 4.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,915,271 shares of the financial services provider’s stock after acquiring an additional 120,365 shares during the period. Wells Fargo & Co comprises about 0.9% of AMP Capital Investors Ltd’s investment portfolio, making the stock its 13th largest holding. AMP Capital Investors Ltd’s holdings in Wells Fargo & Co were worth $161,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Asset Management Inc. boosted its stake in Wells Fargo & Co by 1.0% in the second quarter. Rothschild Asset Management Inc. now owns 589,885 shares of the financial services provider’s stock valued at $32,703,000 after acquiring an additional 5,584 shares during the last quarter. Independent Order of Foresters boosted its stake in Wells Fargo & Co by 20.4% in the second quarter. Independent Order of Foresters now owns 8,330 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 1,410 shares during the last quarter. Intact Investment Management Inc. boosted its stake in Wells Fargo & Co by 88.1% in the second quarter. Intact Investment Management Inc. now owns 102,900 shares of the financial services provider’s stock valued at $5,708,000 after acquiring an additional 48,200 shares during the last quarter. Bell & Brown Wealth Advisors LLC boosted its stake in Wells Fargo & Co by 76.4% in the second quarter. Bell & Brown Wealth Advisors LLC now owns 47,076 shares of the financial services provider’s stock valued at $2,610,000 after acquiring an additional 20,396 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in Wells Fargo & Co by 22.8% in the second quarter. Toronto Dominion Bank now owns 4,164,869 shares of the financial services provider’s stock valued at $230,736,000 after acquiring an additional 772,628 shares during the last quarter. 77.52% of the stock is owned by institutional investors.

In related news, EVP Hope A. Hardison sold 25,000 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $58.01, for a total transaction of $1,450,250.00. Following the sale, the executive vice president now directly owns 109 shares in the company, valued at $6,323.09. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Avid Modjtabai sold 100,000 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $58.71, for a total transaction of $5,871,000.00. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Shares of NYSE:WFC opened at $54.23 on Wednesday. Wells Fargo & Co has a 12 month low of $50.26 and a 12 month high of $66.31. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. The firm has a market cap of $268.23 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.49 and a beta of 1.12.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, July 13th. The financial services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). Wells Fargo & Co had a return on equity of 12.38% and a net margin of 22.03%. The company had revenue of $21.55 billion for the quarter, compared to analyst estimates of $21.52 billion. research analysts predict that Wells Fargo & Co will post 4.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Friday, August 10th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.17%. This is a positive change from Wells Fargo & Co’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, August 9th. Wells Fargo & Co’s dividend payout ratio (DPR) is presently 41.85%.

A number of equities analysts have issued reports on WFC shares. Zacks Investment Research raised shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Saturday, July 7th. Edward Jones raised shares of Wells Fargo & Co from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Morgan Stanley reduced their price objective on shares of Wells Fargo & Co from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, July 16th. Susquehanna Bancshares set a $63.00 price objective on shares of Wells Fargo & Co and gave the company a “hold” rating in a research note on Friday, July 13th. Finally, Macquarie reduced their price objective on shares of Wells Fargo & Co from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, September 17th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $63.28.

Wells Fargo & Co Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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

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