Lincoln National Corp trimmed its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 5.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,984 shares of the financial services provider’s stock after selling 1,336 shares during the period. Lincoln National Corp’s holdings in Wells Fargo & Co were worth $1,212,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WFC. Boston Partners lifted its position in shares of Wells Fargo & Co by 140.1% in the 2nd quarter. Boston Partners now owns 19,088,621 shares of the financial services provider’s stock valued at $1,057,700,000 after acquiring an additional 11,139,780 shares in the last quarter. Capital World Investors lifted its position in shares of Wells Fargo & Co by 10.8% in the 2nd quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock valued at $6,192,259,000 after acquiring an additional 10,927,679 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Wells Fargo & Co by 19.7% in the 2nd quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock valued at $2,511,614,000 after acquiring an additional 7,445,414 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Wells Fargo & Co by 26.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock valued at $1,653,464,000 after acquiring an additional 6,291,906 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Wells Fargo & Co by 396.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,894,918 shares of the financial services provider’s stock valued at $326,655,000 after acquiring an additional 4,707,207 shares in the last quarter. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Wells Fargo & Co (NYSE:WFC) opened at $62.75 on Monday. Wells Fargo & Co has a 12 month low of $49.27 and a 12 month high of $63.05. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The stock has a market cap of $309,220.00, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.72 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results 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 & Co had a net margin of 22.00% and a return on equity of 12.59%. The firm had revenue of $21.93 billion during the quarter, compared to analyst estimates of $22.30 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. equities analysts anticipate that Wells Fargo & Co will post 3.98 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the stock. BMO Capital Markets restated a “hold” rating and issued a $59.00 price target on shares of Wells Fargo & Co in a research report on Thursday. Sanford C. Bernstein upgraded shares of Wells Fargo & Co from a “market perform” rating to an “outperform” rating and upped their price target for the company from $64.00 to $69.00 in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Barclays upped their price target on shares of Wells Fargo & Co from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Buckingham Research upgraded shares of Wells Fargo & Co from a “neutral” rating to a “buy” rating and increased their target price for the stock from $57.00 to $75.00 in a research report on Thursday, December 21st. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.87.

In related news, insider Michael J. Loughlin sold 17,482 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $57.80, for a total value of $1,010,459.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John R. Shrewsberry sold 70,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were 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. Insiders sold a total of 184,482 shares of company stock worth $10,471,050 over the last quarter. 0.22% of the stock is currently owned by company insiders.

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About Wells Fargo & Co

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 & Co (NYSE:WFC)

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