Legacy Private Trust Co. cut its holdings in Wells Fargo & Company (NYSE:WFC) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,574 shares of the financial services provider’s stock after selling 1,269 shares during the quarter. Legacy Private Trust Co.’s holdings in Wells Fargo & were worth $641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alexandria Capital LLC lifted its stake in shares of Wells Fargo & by 0.3% in the first quarter. Alexandria Capital LLC now owns 1,826 shares of the financial services provider’s stock worth $102,000 after buying an additional 6 shares during the last quarter. Brick & Kyle Associates lifted its stake in shares of Wells Fargo & by 9.5% in the first quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock worth $103,000 after buying an additional 162 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Wells Fargo & in the first quarter worth $124,000. America First Investment Advisors LLC lifted its stake in shares of Wells Fargo & by 8.3% in the second quarter. America First Investment Advisors LLC now owns 2,612 shares of the financial services provider’s stock worth $145,000 after buying an additional 200 shares during the last quarter. Finally, Winch Advisory Services LLC lifted its stake in shares of Wells Fargo & by 0.7% in the first quarter. Winch Advisory Services LLC now owns 2,756 shares of the financial services provider’s stock worth $153,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

A number of analysts have recently weighed in on WFC shares. UBS AG restated a “neutral” rating and issued a $56.00 price objective (down from $59.00) on shares of Wells Fargo & in a research note on Friday, September 15th. Piper Jaffray Companies restated a “neutral” rating and issued a $50.00 price objective (down from $52.00) on shares of Wells Fargo & in a research note on Wednesday, September 13th. Berenberg Bank cut shares of Wells Fargo & from a “hold” rating to a “sell” rating and boosted their price objective for the stock from $35.00 to $45.00 in a research note on Friday, July 21st. Robert W. Baird restated a “buy” rating and issued a $58.00 price objective on shares of Wells Fargo & in a research note on Tuesday, September 5th. Finally, Keefe, Bruyette & Woods restated an “overweight” rating on shares of Wells Fargo & in a research note on Thursday, July 13th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $56.44.

Wells Fargo & Company (NYSE:WFC) traded up 0.34% during midday trading on Friday, hitting $55.58. 11,151,225 shares of the stock traded hands. The firm’s 50 day moving average is $52.59 and its 200-day moving average is $53.59. The stock has a market capitalization of $275.90 billion, a PE ratio of 13.69 and a beta of 0.97. Wells Fargo & Company has a 12-month low of $44.28 and a 12-month high of $59.99.

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

Wells Fargo & declared that its board has initiated a share buyback plan on Wednesday, June 28th that allows the company to repurchase $11.50 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 4.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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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.

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

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