Jacobi Capital Management LLC boosted its stake in Wells Fargo & Co (NYSE:WFC) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,429 shares of the financial services provider’s stock after acquiring an additional 1,652 shares during the period. Jacobi Capital Management LLC’s holdings in Wells Fargo & Co were worth $906,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WFC. Pioneer Trust Bank N A OR raised its position in Wells Fargo & Co by 1.4% in the second quarter. Pioneer Trust Bank N A OR now owns 105,252 shares of the financial services provider’s stock worth $5,832,000 after acquiring an additional 1,465 shares during the period. Catawba Capital Management VA increased its stake in shares of Wells Fargo & Co by 4.5% in the second quarter. Catawba Capital Management VA now owns 108,413 shares of the financial services provider’s stock worth $6,007,000 after purchasing an additional 4,619 shares in the last quarter. Robinson Value Management Ltd. increased its stake in shares of Wells Fargo & Co by 108.2% in the second quarter. Robinson Value Management Ltd. now owns 74,451 shares of the financial services provider’s stock worth $4,125,000 after purchasing an additional 38,691 shares in the last quarter. Trust Co increased its stake in shares of Wells Fargo & Co by 0.3% in the first quarter. Trust Co now owns 80,799 shares of the financial services provider’s stock worth $4,497,000 after purchasing an additional 255 shares in the last quarter. Finally, Beacon Financial Group increased its stake in shares of Wells Fargo & Co by 3.3% in the second quarter. Beacon Financial Group now owns 243,745 shares of the financial services provider’s stock worth $13,596,000 after purchasing an additional 7,807 shares in the last quarter. 75.70% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Co (NYSE:WFC) opened at $62.55 on Friday. The company has a market cap of $308,240.00, a P/E ratio of 16.16, a P/E/G ratio of 1.72 and a beta of 0.96. Wells Fargo & Co has a 12 month low of $49.27 and a 12 month high of $63.67. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.03 by $0.13. The company had revenue of $22.05 billion during the quarter, compared to analysts’ expectations of $22.64 billion. Wells Fargo & Co had a net margin of 22.00% and a return on equity of 12.59%. Wells Fargo & Co’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 earnings per share. equities analysts forecast that Wells Fargo & Co will post 3.98 EPS for the current year.

In other Wells Fargo & Co news, VP Richard Levy sold 97,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John R. Shrewsberry sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,482 shares of company stock valued at $10,471,050. 0.22% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on WFC shares. Citigroup reiterated a “buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of Wells Fargo & Co in a research note on Monday, October 9th. Robert W. Baird reiterated a “buy” rating and issued a $58.00 target price on shares of Wells Fargo & Co in a research note on Friday, October 6th. Instinet reiterated a “buy” rating and issued a $65.00 target price (up previously from $64.00) on shares of Wells Fargo & Co in a research note on Saturday, September 30th. Nomura lifted their target price on shares of Wells Fargo & Co from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, September 28th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Wells Fargo & Co in a research note on Wednesday, October 11th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Wells Fargo & Co has an average rating of “Hold” and an average price target of $61.02.

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Wells Fargo & Co Company 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 & Co (NYSE:WFC)

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