Norman Fields Gottscho Capital Management LLC decreased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 17.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,175 shares of the financial services provider’s stock after selling 878 shares during the period. Norman Fields Gottscho Capital Management LLC’s holdings in Wells Fargo & were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Amarillo National Bank increased its holdings in shares of Wells Fargo & by 0.7% during the first quarter. Amarillo National Bank now owns 11,950 shares of the financial services provider’s stock worth $666,000 after buying an additional 80 shares in the last quarter. Inverness Counsel LLC NY increased its holdings in shares of Wells Fargo & by 5.5% during the first quarter. Inverness Counsel LLC NY now owns 443,155 shares of the financial services provider’s stock worth $23,540,000 after buying an additional 23,070 shares in the last quarter. First Command Financial Services Inc. increased its holdings in shares of Wells Fargo & by 18.4% during the first quarter. First Command Financial Services Inc. now owns 4,688 shares of the financial services provider’s stock worth $261,000 after buying an additional 727 shares in the last quarter. Private Bank & Trust Co. increased its holdings in shares of Wells Fargo & by 4.8% during the first quarter. Private Bank & Trust Co. now owns 32,105 shares of the financial services provider’s stock worth $1,788,000 after buying an additional 1,463 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of Wells Fargo & during the first quarter worth approximately $390,000. Hedge funds and other institutional investors own 75.19% of the company’s stock.

WFC has been the subject of a number of research reports. Keefe, Bruyette & Woods set a $61.00 price target on shares of Wells Fargo & and gave the company a “buy” rating in a report on Friday, August 25th. Zacks Investment Research raised shares of Wells Fargo & from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Deutsche Bank AG reissued a “buy” rating on shares of Wells Fargo & in a report on Monday, July 3rd. Robert W. Baird reissued a “buy” rating and issued a $58.00 price target on shares of Wells Fargo & in a report on Tuesday, September 5th. Finally, BidaskClub raised shares of Wells Fargo & from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $55.47.

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Shares of Wells Fargo & Company (NYSE:WFC) traded up 0.72% during mid-day trading on Friday, hitting $51.66. 28,494,345 shares of the stock were exchanged. The stock’s 50-day moving average is $51.92 and its 200-day moving average is $54.04. The stock has a market capitalization of $256.44 billion, a price-to-earnings ratio of 12.72 and a beta of 0.96. Wells Fargo & Company has a 52 week low of $43.55 and a 52 week high of $59.99.

Wells Fargo & (NYSE:WFC) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.23 billion. Wells Fargo & had a net margin of 23.25% and a return on equity of 12.65%. Wells Fargo &’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 earnings per share. Analysts forecast that Wells Fargo & Company will post $4.16 earnings per share for the current fiscal year.

Wells Fargo & announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 28th that authorizes the company to buyback $11.50 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 4th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This is a positive change from Wells Fargo &’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.02%. Wells Fargo &’s payout ratio is presently 38.42%.

Wells Fargo & 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 & (NYSE:WFC)

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