Teacher Retirement System of Texas increased its position in shares of Wells Fargo & Co (NYSE:WFC) by 0.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,117,966 shares of the financial services provider’s stock after buying an additional 22,910 shares during the quarter. Wells Fargo & Co comprises about 1.1% of Teacher Retirement System of Texas’ portfolio, making the stock its 11th largest holding. Teacher Retirement System of Texas’ holdings in Wells Fargo & Co were worth $171,956,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WFC. Stelac Advisory Services LLC purchased a new stake in shares of Wells Fargo & Co during the second quarter worth approximately $104,000. Patriot Financial Group Insurance Agency LLC increased its stake in Wells Fargo & Co by 0.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 6 shares during the last quarter. Clear Investment Research LLC purchased a new position in Wells Fargo & Co in the second quarter valued at approximately $121,000. Westside Investment Management Inc. increased its stake in Wells Fargo & Co by 63.9% in the second quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 891 shares during the last quarter. Finally, America First Investment Advisors LLC increased its stake in Wells Fargo & Co by 8.3% in the second quarter. America First Investment Advisors LLC now owns 2,612 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

In other Wells Fargo & Co news, insider Michael J. Loughlin sold 17,482 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $57.80, for a total value of $1,010,459.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $3,983,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 184,482 shares of company stock valued at $10,471,050. 0.22% of the stock is owned by corporate insiders.

Shares of Wells Fargo & Co (WFC) opened at $62.50 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23. Wells Fargo & Co has a fifty-two week low of $49.27 and a fifty-two week high of $63.67. The firm has a market capitalization of $307,990.00, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.65 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last released its earnings results on Friday, January 12th. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.07). Wells Fargo & Co had a net margin of 22.57% and a return on equity of 12.24%. The business had revenue of $22.05 billion during the quarter, compared to analyst estimates of $22.64 billion. During the same period last year, the business posted $0.96 EPS. Wells Fargo & Co’s revenue was up 2.2% compared to the same quarter last year. analysts anticipate that Wells Fargo & Co will post 4.69 EPS for the current year.

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Wells Fargo & Co in a research note on Tuesday. Royal Bank of Canada increased their price target on shares of Wells Fargo & Co to $65.00 and gave the company an “outperform” rating in a research note on Tuesday. Atlantic Securities upgraded shares of Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 price target on the stock in a research note on Wednesday, January 10th. Sandler O’Neill upgraded shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and increased their price target for the company from $62.04 to $73.00 in a research note on Tuesday, January 9th. Finally, Vetr lowered shares of Wells Fargo & Co from a “strong-buy” rating to a “sell” rating and set a $55.47 price target on the stock. in a research note on Monday, January 8th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Wells Fargo & Co has an average rating of “Hold” and a consensus target price of $61.10.

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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.

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

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