Park Presidio Capital LLC bought a new stake in shares of Wells Fargo & Company (NYSE:WFC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 875,000 shares of the financial services provider’s stock, valued at approximately $48,484,000. Wells Fargo & Company accounts for about 7.8% of Park Presidio Capital LLC’s portfolio, making the stock its 7th largest holding.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Wells Fargo & Company by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 314,755,460 shares of the financial services provider’s stock worth $17,440,601,000 after buying an additional 3,621,402 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Wells Fargo & Company by 26.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock worth $1,653,464,000 after buying an additional 6,291,906 shares during the period. Davis Selected Advisers boosted its holdings in Wells Fargo & Company by 1.9% in the 2nd quarter. Davis Selected Advisers now owns 25,966,811 shares of the financial services provider’s stock worth $1,438,821,000 after buying an additional 472,585 shares during the period. Harris Associates L P boosted its holdings in Wells Fargo & Company by 1.2% in the 1st quarter. Harris Associates L P now owns 23,796,125 shares of the financial services provider’s stock worth $1,324,492,000 after buying an additional 286,710 shares during the period. Finally, Boston Partners boosted its holdings in Wells Fargo & Company by 140.1% in the 2nd quarter. Boston Partners now owns 19,088,621 shares of the financial services provider’s stock worth $1,057,700,000 after buying an additional 11,139,780 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Wells Fargo & Company (WFC) traded down $0.05 during trading hours on Friday, reaching $59.31. 21,749,452 shares of the company’s stock traded hands, compared to its average volume of 20,635,358. 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 & Company has a 1 year low of $49.27 and a 1 year high of $60.00. The company has a market cap of $292,057.94, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.20). Wells Fargo & Company 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 the consensus estimate of $22.30 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. sell-side analysts forecast that Wells Fargo & Company will post 3.97 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Thursday, November 2nd. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 40.31%.

Several research analysts recently commented on WFC shares. Vetr raised shares of Wells Fargo & Company to a “strong-buy” rating in a report on Thursday, September 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Wells Fargo & Company in a report on Wednesday, August 16th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Wells Fargo & Company in a report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Wells Fargo & Company in a report on Wednesday, November 15th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Wells Fargo & Company in a report on Tuesday, September 5th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Wells Fargo & Company has a consensus rating of “Hold” and a consensus target price of $57.25.

In other news, VP Richard Levy sold 97,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction of $1,010,459.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,482 shares of company stock worth $10,471,050. Corporate insiders own 0.22% of the company’s stock.

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Wells Fargo & Company 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.

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

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