IMS Capital Management lifted its position in shares of Wells Fargo & Company (NYSE:WFC) by 0.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,327 shares of the financial services provider’s stock after acquiring an additional 2 shares during the quarter. IMS Capital Management’s holdings in Wells Fargo & were worth $240,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Boston Partners grew its stake in shares of Wells Fargo & by 50.0% during 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. grew its stake in shares of Wells Fargo & by 0.6% during 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 grew its stake in shares of Wells Fargo & by 83.9% during 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. grew its stake in shares of Wells Fargo & by 6.0% during 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. grew its stake in shares of Wells Fargo & by 4.7% during 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. Institutional investors own 75.00% of the company’s stock.

Several research firms have recently weighed in on WFC. Vetr downgraded Wells Fargo & from a “hold” rating to a “sell” rating and set a $54.49 price target for the company. in a research note on Thursday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $59.00 price target on shares of Wells Fargo & in a research note on Monday, October 16th. UBS AG set a $55.00 price target on Wells Fargo & and gave the stock a “hold” rating in a research note on Monday, October 16th. BMO Capital Markets increased their price target on Wells Fargo & from $49.00 to $50.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. Finally, Piper Jaffray Companies set a $50.00 price target on Wells Fargo & and gave the stock a “hold” rating in a research note on Sunday, October 15th. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $57.20.

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). Wells Fargo & had a net margin of 22.00% and a return on equity of 12.59%. The company had revenue of $21.93 billion for the quarter, compared to analysts’ expectations of $22.30 billion. During the same quarter last year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis.

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

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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.

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

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