State of Tennessee Treasury Department decreased its holdings in Wells Fargo & Co (NYSE:WFC) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,117,762 shares of the financial services provider’s stock after selling 162,730 shares during the period. Wells Fargo & Co comprises approximately 0.9% of State of Tennessee Treasury Department’s investment portfolio, making the stock its 16th biggest holding. State of Tennessee Treasury Department’s holdings in Wells Fargo & Co were worth $171,945,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WFC. Rockland Trust Co. grew its position in shares of Wells Fargo & Co by 0.6% in the second quarter. Rockland Trust Co. now owns 316,530 shares of the financial services provider’s stock valued at $17,539,000 after purchasing an additional 1,856 shares during the last quarter. Heartland Advisors Inc. grew its position in shares of Wells Fargo & Co by 3.9% in the second quarter. Heartland Advisors Inc. now owns 272,548 shares of the financial services provider’s stock valued at $15,102,000 after purchasing an additional 10,318 shares during the last quarter. Eagle Global Advisors LLC grew its position in shares of Wells Fargo & Co by 1.8% in the second quarter. Eagle Global Advisors LLC now owns 119,625 shares of the financial services provider’s stock valued at $6,628,000 after purchasing an additional 2,172 shares during the last quarter. New Jersey Better Educational Savings Trust grew its position in shares of Wells Fargo & Co by 10.0% in the second quarter. New Jersey Better Educational Savings Trust now owns 33,000 shares of the financial services provider’s stock valued at $1,829,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Sage Capital Advisors llc acquired a new position in shares of Wells Fargo & Co in the second quarter valued at approximately $2,423,000. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Several equities analysts have recently commented on WFC shares. Citigroup reaffirmed a “buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of Wells Fargo & Co in a research report on Monday, October 9th. Robert W. Baird reissued a “buy” rating and set a $58.00 price target on shares of Wells Fargo & Co in a research report on Friday, October 6th. Instinet reissued a “buy” rating and set a $65.00 price target (up previously from $64.00) on shares of Wells Fargo & Co in a research report on Saturday, September 30th. Nomura increased their price target on Wells Fargo & Co from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, September 28th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Wells Fargo & Co in a research report on Wednesday, October 11th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $59.79.

Wells Fargo & Co (NYSE WFC) opened at $62.26 on Wednesday. Wells Fargo & Co has a 12 month low of $49.27 and a 12 month high of $63.05. The company has a market capitalization of $306,810.00, a price-to-earnings ratio of 16.09, a PEG ratio of 1.72 and a beta of 0.96. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32.

Wells Fargo & Co (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 Zacks’ consensus estimate 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 the consensus estimate of $22.30 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. sell-side analysts predict that Wells Fargo & Co will post 3.98 earnings per share for the current fiscal year.

In related news, insider John R. Shrewsberry sold 70,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Richard Levy sold 97,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total value of $5,477,590.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,482 shares of company stock valued at $10,471,050. 0.22% of the stock is owned by corporate insiders.

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Wells Fargo & Co 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 & Co (NYSE:WFC)

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