RKL Wealth Management LLC lifted its position in Wells Fargo & Co (NYSE:WFC) by 96.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,527 shares of the financial services provider’s stock after acquiring an additional 5,180 shares during the period. RKL Wealth Management LLC’s holdings in Wells Fargo & Co were worth $439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Wells Fargo & Co by 1.2% during the second quarter. Vanguard Group Inc. now owns 314,755,460 shares of the financial services provider’s stock valued at $17,440,601,000 after purchasing an additional 3,621,402 shares during the period. Capital World Investors lifted its position in Wells Fargo & Co by 10.8% during the second quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock valued at $6,192,259,000 after purchasing an additional 10,927,679 shares during the period. Capital Research Global Investors lifted its position in Wells Fargo & Co by 19.7% during the second quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock valued at $2,511,614,000 after purchasing an additional 7,445,414 shares during the period. Dimensional Fund Advisors LP lifted its position in Wells Fargo & Co by 26.7% during the second quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock valued at $1,653,464,000 after purchasing an additional 6,291,906 shares during the period. Finally, Davis Selected Advisers lifted its position in Wells Fargo & Co by 1.9% during the second quarter. Davis Selected Advisers now owns 25,966,811 shares of the financial services provider’s stock valued at $1,438,821,000 after purchasing an additional 472,585 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Shares of Wells Fargo & Co (WFC) opened at $64.22 on Friday. Wells Fargo & Co has a twelve month low of $49.27 and a twelve month high of $64.31. The company has a market cap of $316,470.00, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23.

Wells Fargo & Co (NYSE:WFC) last announced its earnings results on Friday, January 12th. The financial services provider reported $0.97 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.07). Wells Fargo & Co had a net margin of 22.57% and a return on equity of 12.24%. The business had revenue of $22.05 billion for the quarter, compared to analysts’ expectations of $22.64 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. equities research analysts predict that Wells Fargo & Co will post 4.7 EPS for the current year.

WFC has been the topic of a number of research analyst reports. Nomura increased their price objective on shares of Wells Fargo & Co from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, September 28th. Instinet restated a “buy” rating and set a $65.00 price objective (up previously from $64.00) on shares of Wells Fargo & Co in a research report on Saturday, September 30th. Vetr downgraded shares of Wells Fargo & Co from a “hold” rating to a “sell” rating and set a $53.07 price objective on the stock. in a research report on Monday, October 2nd. UBS Group set a $57.00 price objective on shares of Wells Fargo & Co and gave the company a “neutral” rating in a research report on Friday, October 6th. Finally, Vertical Group initiated coverage on shares of Wells Fargo & Co in a research report on Friday, October 6th. They set a “sell” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. Wells Fargo & Co presently has a consensus rating of “Hold” and a consensus target price of $61.71.

In other news, VP Richard Levy sold 97,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Loughlin sold 17,482 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $57.80, for a total transaction of $1,010,459.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,482 shares of company stock valued at $10,471,050. 0.22% of the stock is owned by corporate insiders.

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Wells Fargo & Co 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 & Co (NYSE:WFC)

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