Compass Capital Management Inc. continued to hold its position in Wells Fargo & Company (NYSE:WFC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,858 shares of the financial services provider’s stock at the end of the second quarter. Compass Capital Management Inc.’s holdings in Wells Fargo & were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of WFC. Canada Pension Plan Investment Board boosted its position in shares of Wells Fargo & by 83.9% during the first 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 last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Wells Fargo & by 49.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,713,557 shares of the financial services provider’s stock worth $540,657,000 after acquiring an additional 3,214,592 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Wells Fargo & by 38.8% during the second quarter. APG Asset Management N.V. now owns 9,587,279 shares of the financial services provider’s stock worth $531,231,000 after acquiring an additional 2,681,497 shares during the last quarter. Boston Partners boosted its position in shares of Wells Fargo & by 50.0% during the first 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 last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Wells Fargo & during the first quarter worth $90,858,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

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Wells Fargo & Company (NYSE:WFC) opened at 55.39 on Friday. The firm’s 50-day moving average is $52.48 and its 200 day moving average is $53.60. The company has a market capitalization of $274.95 billion, a PE ratio of 13.64 and a beta of 0.97. Wells Fargo & Company has a one year low of $44.28 and a one year high of $59.99.

Wells Fargo & (NYSE:WFC) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.23 billion. Wells Fargo & had a net margin of 23.25% and a return on equity of 12.65%. Wells Fargo &’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. On average, equities analysts expect that Wells Fargo & Company will post $4.14 EPS for the current fiscal year.

Wells Fargo & announced that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that allows the company to buyback $11.50 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 4.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of equities analysts recently weighed in on WFC shares. Keefe, Bruyette & Woods set a $61.00 target price on shares of Wells Fargo & and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Deutsche Bank AG restated a “buy” rating on shares of Wells Fargo & in a research report on Monday, July 3rd. Robert W. Baird restated a “buy” rating and set a $58.00 target price on shares of Wells Fargo & in a research report on Tuesday, September 5th. Finally, BidaskClub upgraded shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Wells Fargo & currently has a consensus rating of “Hold” and a consensus price target of $56.41.

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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