Bremer Trust National Association trimmed its holdings in Wells Fargo & Company (NYSE:WFC) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,207 shares of the financial services provider’s stock after selling 4,911 shares during the quarter. Wells Fargo & makes up approximately 0.8% of Bremer Trust National Association’s holdings, making the stock its 24th biggest position. Bremer Trust National Association’s holdings in Wells Fargo & were worth $2,948,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Alexandria Capital LLC boosted its stake in Wells Fargo & by 0.3% in the 1st quarter. Alexandria Capital LLC now owns 1,826 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 6 shares during the period. Winch Advisory Services LLC boosted its stake in Wells Fargo & by 0.7% in the 1st quarter. Winch Advisory Services LLC now owns 2,756 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 18 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in Wells Fargo & by 0.5% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 4,928 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 24 shares during the period. Keystone Financial Planning Inc. boosted its stake in Wells Fargo & by 0.6% in the 1st quarter. Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 39 shares during the period. Finally, Advantage Investment Management LLC boosted its stake in Wells Fargo & by 0.3% in the 1st quarter. Advantage Investment Management LLC now owns 19,991 shares of the financial services provider’s stock worth $1,113,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 75.19% of the company’s stock.

Several research analysts have weighed in on the company. UBS AG restated a “neutral” rating and issued a $56.00 price target (down from $59.00) on shares of Wells Fargo & in a research note on Friday. Vetr cut Wells Fargo & from a “buy” rating to a “sell” rating and set a $48.62 price objective on the stock. in a report on Wednesday. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $50.00 price objective (down from $52.00) on shares of Wells Fargo & in a report on Wednesday. Robert W. Baird reaffirmed a “buy” rating and set a $58.00 price objective on shares of Wells Fargo & in a report on Tuesday, September 5th. Finally, Keefe, Bruyette & Woods set a $61.00 price objective on Wells Fargo & and gave the stock a “buy” rating in a report on Friday, August 25th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $55.47.

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Wells Fargo & Company (NYSE WFC) traded up 0.72% during trading on Friday, hitting $51.66. The stock had a trading volume of 28,494,345 shares. The firm has a 50 day moving average of $51.92 and a 200-day moving average of $54.04. Wells Fargo & Company has a one year low of $43.55 and a one year high of $59.99. The company has a market cap of $256.44 billion, a P/E ratio of 12.72 and a beta of 0.96.

Wells Fargo & (NYSE:WFC) last released its earnings results on Friday, July 14th. The financial services provider reported $1.07 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 firm had revenue of $22.20 billion during 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 for the quarter was up .2% on a year-over-year basis. Equities analysts anticipate that Wells Fargo & Company will post $4.16 earnings per share for the current fiscal year.

Wells Fargo & declared that its board has approved a stock buyback program 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 shares through open market purchases. Shares buyback programs are generally a sign 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. Investors of record on Friday, August 4th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.02%. This is a boost from Wells Fargo &’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 2nd. Wells Fargo &’s payout ratio is presently 38.42%.

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 & (NYSE:WFC)

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