MRJ Capital Inc. boosted its stake in Wells Fargo & Company (NYSE:WFC) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,061 shares of the financial services provider’s stock after purchasing an additional 400 shares during the quarter. MRJ Capital Inc.’s holdings in Wells Fargo & Company were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Wells Fargo & Company by 0.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 6 shares in the last quarter. Winch Advisory Services LLC raised its stake in shares of Wells Fargo & Company by 0.7% during the second quarter. Winch Advisory Services LLC now owns 2,776 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 20 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of Wells Fargo & Company by 0.5% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,928 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 24 shares in the last quarter. Financial Advisory Group raised its stake in shares of Wells Fargo & Company by 0.7% during the second quarter. Financial Advisory Group now owns 5,029 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 35 shares in the last quarter. Finally, Keystone Financial Planning Inc. raised its stake in shares of Wells Fargo & Company by 0.6% during the first quarter. Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 39 shares in the last quarter. 75.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wells Fargo & Company (NYSE WFC) traded down $0.27 during trading on Friday, reaching $56.20. The company’s stock had a trading volume of 31,242,319 shares, compared to its average volume of 18,182,586. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89. The stock has a market capitalization of $276,950.00, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.34 and a beta of 0.97. Wells Fargo & Company has a fifty-two week low of $49.27 and a fifty-two week high of $59.99.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, November 2nd. Wells Fargo & Company’s dividend payout ratio is currently 40.31%.

Several research firms have commented on WFC. Vetr downgraded shares of Wells Fargo & Company from a “hold” rating to a “sell” rating and set a $53.07 price target on the stock. in a research note on Monday, October 2nd. Instinet restated a “buy” rating and issued a $65.00 target price (up previously from $64.00) on shares of Wells Fargo & Company in a report on Saturday, September 30th. Nomura raised their target price on shares of Wells Fargo & Company from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, September 28th. Vertical Group initiated coverage on shares of Wells Fargo & Company in a report on Friday, October 6th. They issued a “sell” rating on the stock. Finally, UBS set a $57.00 target price on shares of Wells Fargo & Company and gave the stock a “neutral” rating in a report on Friday, October 6th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Wells Fargo & Company currently has an average rating of “Hold” and an average price target of $57.20.

In other news, VP Richard Levy sold 97,000 shares of Wells Fargo & Company stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.47, for a total value of $5,477,590.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John R. Shrewsberry sold 70,000 shares of Wells Fargo & Company stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.90, for a total value of $3,983,000.00. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

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About Wells Fargo & Company

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 & Company (NYSE:WFC)

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