Burney Co. grew its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 4.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,617 shares of the financial services provider’s stock after buying an additional 690 shares during the period. Burney Co.’s holdings in Wells Fargo & Company were worth $927,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of WFC. Boston Partners lifted its holdings in shares of 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 purchasing an additional 11,139,780 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Wells Fargo & Company by 49.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,713,557 shares of the financial services provider’s stock worth $540,657,000 after purchasing an additional 3,214,592 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Wells Fargo & Company by 38.8% in the 2nd quarter. APG Asset Management N.V. now owns 9,587,279 shares of the financial services provider’s stock worth $531,231,000 after purchasing an additional 2,681,497 shares in the last quarter. USS Investment Management Ltd lifted its holdings in shares of Wells Fargo & Company by 62.7% in the 2nd quarter. USS Investment Management Ltd now owns 6,359,300 shares of the financial services provider’s stock worth $352,464,000 after purchasing an additional 2,450,000 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Wells Fargo & Company in the 1st quarter worth $90,858,000. Hedge funds and other institutional investors own 74.88% of the company’s stock.

Wells Fargo & Company (WFC) traded up $0.02 during mid-day trading on Friday, hitting $54.09. The stock had a trading volume of 5,390,000 shares, compared to its average volume of 15,477,506. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89. The company has a market cap of $266,353.28, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. Wells Fargo & Company has a 12 month low of $49.27 and a 12 month high of $59.99.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.20). The firm had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. Wells Fargo & Company had a return on equity of 12.59% and a net margin of 22.00%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. analysts predict that Wells Fargo & Company will post 3.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.56 annualized dividend and a dividend yield of 2.88%. Wells Fargo & Company’s payout ratio is 40.31%.

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Wells Fargo & Company in a report on Wednesday, August 16th. Goldman Sachs Group Inc reiterated a “buy” rating on shares of Wells Fargo & Company in a report on Wednesday, October 11th. Vetr upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating and set a $54.49 target price on the stock in a report on Tuesday, October 24th. Vertical Group assumed coverage on Wells Fargo & Company in a report on Friday, October 6th. They issued a “sell” rating on the stock. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $57.00 target price on shares of Wells Fargo & Company in a report on Tuesday, October 10th. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $57.20.

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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 & Company (NYSE:WFC)

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