Baldwin Investment Management LLC lessened its holdings in Wells Fargo & Company (NYSE:WFC) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,543 shares of the financial services provider’s stock after selling 1,425 shares during the quarter. Baldwin Investment Management LLC’s holdings in Wells Fargo & were worth $1,027,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WFC. Delphi Private Advisors LLC increased its holdings in Wells Fargo & by 262.8% in the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,461 shares during the period. Brick & Kyle Associates grew its stake in shares of Wells Fargo & by 9.5% during the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 162 shares during the period. Stelac Advisory Services LLC acquired a new stake in shares of Wells Fargo & during the 2nd quarter worth approximately $104,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Wells Fargo & by 0.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 6 shares during the period. Finally, Clear Investment Research LLC acquired a new stake in shares of Wells Fargo & during the 2nd quarter worth approximately $121,000. Institutional investors own 74.88% of the company’s stock.

Wells Fargo & Company (WFC) opened at $54.06 on Thursday. Wells Fargo & Company has a fifty-two week low of $49.27 and a fifty-two week high of $59.99. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $266,400.00, a price-to-earnings ratio of 13.06, a PEG ratio of 1.30 and a beta of 0.97.

Wells Fargo & (NYSE:WFC) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). The business 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 revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. research analysts expect that Wells Fargo & Company will post 3.97 earnings per share for the current year.

The firm also recently disclosed 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, November 2nd. Wells Fargo &’s payout ratio is 40.31%.

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A number of equities research analysts have recently commented on WFC shares. Robert W. Baird reaffirmed a “buy” rating and set a $58.00 price objective on shares of Wells Fargo & in a research note on Tuesday, September 5th. Keefe, Bruyette & Woods set a $61.00 price objective on shares of Wells Fargo & and gave the stock a “buy” rating in a research note on Friday, August 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price objective on shares of Wells Fargo & in a research note on Friday, July 28th. Nomura raised their price objective on shares of Wells Fargo & from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, September 28th. Finally, Instinet reaffirmed a “buy” rating and set a $65.00 price objective (up previously from $64.00) on shares of Wells Fargo & in a research note on Saturday, September 30th. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $57.20.

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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