Pacer Advisors Inc. raised its position in Wells Fargo & Company (NYSE:WFC) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,118 shares of the financial services provider’s stock after buying an additional 6,231 shares during the quarter. Wells Fargo & comprises about 0.6% of Pacer Advisors Inc.’s portfolio, making the stock its 16th largest position. Pacer Advisors Inc.’s holdings in Wells Fargo & were worth $6,046,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Winch Advisory Services LLC increased its holdings 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 valued at $153,000 after buying an additional 18 shares during the period. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Wells Fargo & by 0.5% during the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 4,928 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 24 shares during the last quarter. Financial Advisory Group grew its holdings in shares of Wells Fargo & by 0.7% during the 2nd quarter. Financial Advisory Group now owns 5,029 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 35 shares during the last quarter. Keystone Financial Planning Inc. grew its holdings in shares of Wells Fargo & by 0.6% during the 1st quarter. Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 39 shares during the last quarter. Finally, Financial Advisory Service Inc. grew its holdings in shares of Wells Fargo & by 0.6% during the 2nd quarter. Financial Advisory Service Inc. now owns 7,067 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 42 shares during the last quarter. 75.86% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Wells Fargo & Company (WFC) opened at $54.15 on Friday. The company has a market cap of $269,060.00, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91. Wells Fargo & Company has a one year low of $49.27 and a one year high of $59.99.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.88%. Wells Fargo &’s dividend payout ratio (DPR) is presently 40.31%.

Several equities research analysts recently issued reports on the stock. Vetr raised shares of Wells Fargo & from a “sell” rating to a “hold” rating and set a $54.49 price target on the stock in a report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $50.00 price target (down from $52.00) on shares of Wells Fargo & in a report on Wednesday, September 13th. BidaskClub lowered shares of Wells Fargo & from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. BMO Capital Markets raised shares of Wells Fargo & from an “underperform” rating to a “market perform” rating and decreased their price target for the company from $50.00 to $47.00 in a report on Monday, July 31st. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of Wells Fargo & in a report on Friday, July 28th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $57.20.

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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