Addison Capital Co decreased its position in Wells Fargo & Co. (NYSE:WFC) by 2.6% during the third quarter, Holdings Channel reports. The fund owned 42,637 shares of the financial services provider’s stock after selling 1,130 shares during the period. Wells Fargo & Co. makes up 1.7% of Addison Capital Co’s investment portfolio, making the stock its 22nd largest position. Addison Capital Co’s holdings in Wells Fargo & Co. were worth $1,888,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Global X Management Co. LLC raised its stake in shares of Wells Fargo & Co. by 64.8% in the second quarter. Global X Management Co. LLC now owns 2,301 shares of the financial services provider’s stock valued at $109,000 after buying an additional 905 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in shares of Wells Fargo & Co. by 4.7% in the second quarter. Tradewinds Capital Management LLC now owns 3,253 shares of the financial services provider’s stock valued at $154,000 after buying an additional 147 shares in the last quarter. Cedar Wealth Management LLC raised its stake in shares of Wells Fargo & Co. by 47.8% in the second quarter. Cedar Wealth Management LLC now owns 3,276 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,059 shares in the last quarter. Gemmer Asset Management LLC raised its stake in shares of Wells Fargo & Co. by 6.7% in the second quarter. Gemmer Asset Management LLC now owns 3,735 shares of the financial services provider’s stock valued at $177,000 after buying an additional 234 shares in the last quarter. Finally, Bellwether Investment Group LLC purchased a new stake in shares of Wells Fargo & Co. during the second quarter valued at about $186,000. Hedge funds and other institutional investors own 72.76% of the company’s stock.

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

Shares of Wells Fargo & Co. (NYSE:WFC) traded up 0.54% on Tuesday, reaching $51.86. The company had a trading volume of 16,267,266 shares. The stock has a 50-day moving average price of $47.88 and a 200-day moving average price of $47.86. The stock has a market cap of $260.46 billion, a PE ratio of 12.87 and a beta of 0.93. Wells Fargo & Co. has a 12 month low of $43.55 and a 12 month high of $56.24.

Wells Fargo & Co. (NYSE:WFC) last posted its earnings results on Friday, October 14th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. The firm earned $22.30 billion during the quarter. Wells Fargo & Co. had a net margin of 23.91% and a return on equity of 12.72%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.05 EPS. Analysts predict that Wells Fargo & Co. will post $4.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 4th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, November 2nd. Wells Fargo & Co.’s dividend payout ratio (DPR) is presently 37.44%.

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WFC has been the subject of several research reports. Vetr lowered Wells Fargo & Co. from a “buy” rating to a “hold” rating and set a $49.02 price target for the company. in a report on Monday, August 1st. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Wells Fargo & Co. in a research note on Wednesday, August 31st. Zacks Investment Research raised Wells Fargo & Co. from a “sell” rating to a “hold” rating in a research report on Monday, September 5th. Rafferty Capital Markets downgraded Wells Fargo & Co. from a “hold” rating to a “sell” rating and set a $44.00 price target on the stock. in a research report on Friday, September 9th. Finally, Sandler O’Neill reaffirmed a “hold” rating on shares of Wells Fargo & Co. in a research report on Friday, September 9th. Nine equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $49.57.

Wells Fargo & Co. Company Profile

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

5 Day Chart for NYSE:WFC

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