Bbva Compass Bancshares Inc. lowered its holdings in Wells Fargo & Company (NYSE:WFC) by 17.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,169 shares of the financial services provider’s stock after selling 39,118 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Wells Fargo & were worth $10,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of WFC. State of Alaska Department of Revenue purchased a new position in shares of Wells Fargo & in the first quarter worth $334,000. Stewart & Patten Co. LLC raised its stake in shares of Wells Fargo & by 3.3% in the first quarter. Stewart & Patten Co. LLC now owns 268,358 shares of the financial services provider’s stock worth $14,937,000 after purchasing an additional 8,503 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Wells Fargo & by 1.1% in the first quarter. Retirement Systems of Alabama now owns 3,071,155 shares of the financial services provider’s stock worth $170,940,000 after purchasing an additional 34,289 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in shares of Wells Fargo & by 0.8% in the first quarter. Douglas Lane & Associates LLC now owns 45,136 shares of the financial services provider’s stock worth $2,512,000 after purchasing an additional 366 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A raised its stake in shares of Wells Fargo & by 7.1% in the first quarter. OLD Point Trust & Financial Services N A now owns 18,700 shares of the financial services provider’s stock worth $1,041,000 after purchasing an additional 1,241 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $62.00 price target on shares of Wells Fargo & in a research note on Friday, June 23rd. BidaskClub upgraded Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Vetr upgraded Wells Fargo & from a “hold” rating to a “buy” rating and set a $55.95 price target for the company in a research note on Monday, June 26th. Vertical Group assumed coverage on Wells Fargo & in a research note on Friday. They issued a “sell” rating for the company. Finally, UBS AG set a $57.00 price target on Wells Fargo & and gave the stock a “neutral” rating in a research note on Friday. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.44.

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Wells Fargo & Company (NYSE:WFC) opened at 55.58 on Friday. The company has a market capitalization of $275.90 billion, a price-to-earnings ratio of 13.69 and a beta of 0.97. Wells Fargo & Company has a 52 week low of $44.28 and a 52 week high of $59.99. The company’s 50-day moving average price is $52.59 and its 200-day moving average price 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 (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the previous year, the firm posted $1.01 EPS. Wells Fargo &’s revenue was up .2% compared to the same quarter last year. Equities analysts forecast that Wells Fargo & Company will post $4.14 earnings per share for the current fiscal year.

Wells Fargo & announced that its board has initiated a stock buyback program on Wednesday, June 28th that permits the company to repurchase $11.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 4.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is 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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