Clarius Group LLC raised its stake in Wells Fargo & Co (NYSE:WFC) by 80.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,810 shares of the financial services provider’s stock after buying an additional 4,805 shares during the quarter. Clarius Group LLC’s holdings in Wells Fargo & Co were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Kessler Investment Group LLC increased its holdings in shares of Wells Fargo & Co by 2.3% in the second quarter. Kessler Investment Group LLC now owns 38,680 shares of the financial services provider’s stock worth $2,144,000 after acquiring an additional 875 shares in the last quarter. Community Trust & Investment Co. grew its holdings in shares of Wells Fargo & Co by 13.1% during the second quarter. Community Trust & Investment Co. now owns 7,723 shares of the financial services provider’s stock worth $428,000 after buying an additional 894 shares in the last quarter. Copperwynd Financial LLC grew its holdings in shares of Wells Fargo & Co by 15.7% during the second quarter. Copperwynd Financial LLC now owns 6,648 shares of the financial services provider’s stock worth $369,000 after buying an additional 900 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its holdings in shares of Wells Fargo & Co by 2.8% during the second quarter. Boyd Watterson Asset Management LLC OH now owns 33,937 shares of the financial services provider’s stock worth $1,881,000 after buying an additional 909 shares in the last quarter. Finally, Cypress Wealth Advisors LLC grew its holdings in shares of Wells Fargo & Co by 9.8% during the first quarter. Cypress Wealth Advisors LLC now owns 10,221 shares of the financial services provider’s stock worth $536,000 after buying an additional 916 shares in the last quarter. 75.76% of the stock is currently owned by hedge funds and other institutional investors.

WFC stock opened at $58.80 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $285.25 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.58 and a beta of 1.12. Wells Fargo & Co has a twelve month low of $49.27 and a twelve month high of $66.31.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings results on Friday, July 13th. The financial services provider reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.04). The company had revenue of $21.55 billion during the quarter, compared to the consensus estimate of $21.52 billion. Wells Fargo & Co had a net margin of 22.03% and a return on equity of 12.38%. research analysts predict that Wells Fargo & Co will post 4.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Friday, August 10th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.93%. This is an increase from Wells Fargo & Co’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, August 9th. Wells Fargo & Co’s dividend payout ratio (DPR) is currently 41.85%.

A number of research analysts recently issued reports on WFC shares. Zacks Investment Research downgraded Wells Fargo & Co from a “buy” rating to a “hold” rating in a report on Sunday, July 15th. Keefe, Bruyette & Woods upgraded Wells Fargo & Co from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $57.00 to $63.00 in a report on Sunday, July 15th. They noted that the move was a valuation call. Susquehanna Bancshares set a $63.00 price objective on Wells Fargo & Co and gave the stock a “hold” rating in a report on Friday, July 13th. Finally, Morgan Stanley upgraded Wells Fargo & Co from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $57.00 to $62.00 in a report on Monday, July 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. Wells Fargo & Co currently has a consensus rating of “Buy” and a consensus target price of $63.34.

In other Wells Fargo & Co news, EVP Hope A. Hardison sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $58.01, for a total value of $1,450,250.00. Following the completion of the transaction, the executive vice president now directly owns 109 shares in the company, valued at $6,323.09. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Avid Modjtabai sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $58.71, for a total value of $5,871,000.00. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

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.

Recommended Story: Growth Stocks

Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Co (NYSE:WFC).

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

Receive News & Ratings for Wells Fargo & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co and related companies with MarketBeat.com's FREE daily email newsletter.