Pictet & Cie Europe SA grew its position in Wells Fargo & Co (NYSE:WFC) by 38.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,287 shares of the financial services provider’s stock after buying an additional 35,537 shares during the quarter. Pictet & Cie Europe SA’s holdings in Wells Fargo & Co were worth $7,075,000 as of its most recent filing with the Securities and Exchange Commission.

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

In other news, insider John R. Shrewsberry sold 70,000 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Loughlin sold 17,482 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $57.80, for a total value of $1,010,459.60. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock valued at $10,471,050 over the last three months. Company insiders own 0.22% of the company’s stock.

Wells Fargo & Co (NYSE WFC) opened at $64.22 on Monday. Wells Fargo & Co has a 1 year low of $49.27 and a 1 year high of $64.31. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $316,470.00, a PE ratio of 15.55, a PEG ratio of 1.69 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, January 12th. The financial services provider reported $0.97 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $22.05 billion during the quarter, compared to analysts’ expectations of $22.64 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. equities research analysts predict that Wells Fargo & Co will post 4.7 earnings per share for the current year.

Several research firms recently commented on WFC. Royal Bank of Canada boosted their target price on Wells Fargo & Co to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. BMO Capital Markets reissued a “hold” rating and set a $59.00 target price on shares of Wells Fargo & Co in a research note on Thursday, January 4th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Wells Fargo & Co in a research note on Tuesday, January 16th. Atlantic Securities raised Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 target price for the company in a research note on Wednesday, January 10th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $75.00 price objective on shares of Wells Fargo & Co in a research report on Monday, January 8th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. Wells Fargo & Co presently has an average rating of “Hold” and an average target price of $61.71.

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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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