OLD National Bancorp IN lifted its stake in shares of Wells Fargo & Company (NYSE:WFC) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,171 shares of the financial services provider’s stock after acquiring an additional 11,598 shares during the period. OLD National Bancorp IN’s holdings in Wells Fargo & were worth $5,716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Ledyard National Bank boosted its stake in shares of Wells Fargo & by 19.5% during the second quarter. Ledyard National Bank now owns 13,090 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 2,140 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Wells Fargo & by 510.7% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 778,820 shares of the financial services provider’s stock valued at $43,154,000 after acquiring an additional 651,301 shares during the last quarter. Liberty Capital Management Inc. boosted its stake in shares of Wells Fargo & by 6.9% during the second quarter. Liberty Capital Management Inc. now owns 15,570 shares of the financial services provider’s stock valued at $857,000 after acquiring an additional 1,000 shares during the last quarter. Gemmer Asset Management LLC boosted its stake in shares of Wells Fargo & by 6.4% during the second quarter. Gemmer Asset Management LLC now owns 3,366 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 203 shares during the last quarter. Finally, Hallmark Capital Management Inc. boosted its stake in shares of Wells Fargo & by 1.3% during the second quarter. Hallmark Capital Management Inc. now owns 288,077 shares of the financial services provider’s stock valued at $15,962,000 after acquiring an additional 3,589 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on WFC shares. Vetr upgraded Wells Fargo & to a “strong-buy” rating in a research report on Thursday, September 7th. Berenberg Bank downgraded Wells Fargo & from a “hold” rating to a “sell” rating and increased their target price for the stock from $35.00 to $45.00 in a research report on Friday, July 21st. Deutsche Bank AG reiterated a “buy” rating on shares of Wells Fargo & in a research report on Monday, July 3rd. Robert W. Baird reiterated a “buy” rating and set a $58.00 target price on shares of Wells Fargo & in a research report on Tuesday, September 5th. Finally, Zacks Investment Research upgraded Wells Fargo & from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Wells Fargo & currently has a consensus rating of “Hold” and a consensus price target of $56.41.

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Shares of Wells Fargo & Company (NYSE:WFC) traded up 1.392% during midday trading on Thursday, reaching $55.725. The company’s stock had a trading volume of 6,900,817 shares. Wells Fargo & Company has a 12 month low of $44.28 and a 12 month high of $59.99. The stock has a market capitalization of $276.62 billion, a P/E ratio of 13.725 and a beta of 0.97. The stock’s 50-day moving average is $52.40 and its 200 day moving average is $53.59.

Wells Fargo & (NYSE:WFC) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.07 earnings per share for the quarter, topping the 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts expect that Wells Fargo & Company will post $4.15 earnings per share for the current fiscal year.

Wells Fargo & declared that its board has authorized a stock repurchase program on Wednesday, June 28th that allows the company to buyback $11.50 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 4.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

About Wells Fargo &

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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