Northern Oak Wealth Management Inc. raised its position in shares of Wells Fargo & Company (NYSE:WFC) by 303.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,808 shares of the financial services provider’s stock after buying an additional 72,090 shares during the period. Northern Oak Wealth Management Inc.’s holdings in Wells Fargo & were worth $5,333,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Alexandria Capital LLC raised its position in 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 raised its position in 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 purchased a new position in Wells Fargo & during the first quarter worth about $124,000. Gradient Investments LLC raised its position in Wells Fargo & by 58.6% in the first quarter. Gradient Investments LLC now owns 2,494 shares of the financial services provider’s stock worth $139,000 after buying an additional 921 shares during the last quarter. Finally, Winch Advisory Services LLC raised its position in 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. 76.05% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company (WFC) traded up 2.062% on Monday, reaching $53.011. 3,973,930 shares of the company’s stock traded hands. Wells Fargo & Company has a 52-week low of $43.55 and a 52-week high of $59.99. The stock’s 50 day moving average is $54.25 and its 200 day moving average is $55.00. The firm has a market cap of $263.14 billion, a price-to-earnings ratio of 13.057 and a beta of 0.95.

Wells Fargo & (NYSE:WFC) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. Wells Fargo & had a net margin of 23.25% and a return on equity of 12.65%. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the previous year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts predict that Wells Fargo & Company will post $4.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.94%. This is a boost from Wells Fargo &’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, August 2nd. Wells Fargo &’s payout ratio is 38.42%.

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

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A number of research analysts have issued reports on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Wells Fargo & in a research note on Monday, July 3rd. Zacks Investment Research raised shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Buckingham Research reissued a “neutral” rating and set a $62.00 target price (up from $60.00) on shares of Wells Fargo & in a research note on Monday, July 10th. Vetr lowered shares of Wells Fargo & from a “buy” rating to a “hold” rating and set a $57.21 target price for the company. in a research note on Thursday, May 4th. Finally, Keefe, Bruyette & Woods reissued an “overweight” rating on shares of Wells Fargo & in a research note on Thursday, July 13th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.87.

In other Wells Fargo & news, insider Hope A. Hardison sold 20,000 shares of Wells Fargo & stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $52.07, for a total transaction of $1,041,400.00. Following the completion of the transaction, the insider now directly owns 109 shares of the company’s stock, valued at $5,675.63. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Petros G. Pelos sold 24,708 shares of Wells Fargo & stock in a transaction on Monday, June 12th. The stock was sold at an average price of $54.07, for a total transaction of $1,335,961.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,278 shares of company stock valued at $6,940,120. Company insiders own 0.22% of the company’s stock.

Wells Fargo & 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 & (NYSE:WFC)

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