Caisse DE Depot ET Placement DU Quebec lifted its position in Wells Fargo & Co (NYSE:WFC) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,591,196 shares of the financial services provider’s stock after buying an additional 443,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Wells Fargo & Co were worth $198,888,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Stelac Advisory Services LLC acquired a new stake in shares of Wells Fargo & Co in the second quarter worth $104,000. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Wells Fargo & Co by 0.3% in 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 buying an additional 6 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Wells Fargo & Co by 63.9% in the second quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock worth $127,000 after buying an additional 891 shares during the last quarter. BKS Advisors LLC acquired a new position in Wells Fargo & Co during the 3rd quarter valued at $143,000. Finally, BDO Wealth Advisors LLC acquired a new position in Wells Fargo & Co during the 2nd quarter valued at $151,000. Institutional investors and hedge funds own 76.20% of the company’s stock.

Shares of Wells Fargo & Co (NYSE:WFC) opened at $55.40 on Friday. The stock has a market cap of $272,800.00, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 1.49 and a beta of 1.01. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 1.23. Wells Fargo & Co has a fifty-two week low of $49.27 and a fifty-two week high of $66.31.

Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.07). The business had revenue of $22.05 billion during the quarter, compared to the consensus estimate of $22.64 billion. Wells Fargo & Co had a net margin of 22.57% and a return on equity of 12.24%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. equities research analysts forecast that Wells Fargo & Co will post 4.73 earnings per share for the current fiscal year.

Wells Fargo & Co announced that its board has authorized a stock buyback program on Tuesday, January 23rd that permits the company to repurchase 350,000,000 outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 2nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, February 1st. Wells Fargo & Co’s dividend payout ratio (DPR) is presently 37.77%.

In other Wells Fargo & Co news, insider John R. Shrewsberry sold 70,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $56.90, for a total value of $3,983,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Richard Levy sold 97,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock worth $10,471,050 in the last three months. Insiders own 0.22% of the company’s stock.

Several equities analysts recently commented on WFC shares. Zacks Investment Research upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Vetr upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $52.91 target price for the company in a research note on Monday, October 16th. Piper Jaffray Companies set a $50.00 target price on shares of Wells Fargo & Co and gave the company a “hold” rating in a research note on Sunday, October 15th. BMO Capital Markets upped their target price on shares of Wells Fargo & Co from $49.00 to $50.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. Finally, UBS Group set a $55.00 target price on shares of Wells Fargo & Co and gave the company a “hold” rating in a research note on Monday, October 16th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $76.81.

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Wells Fargo & Co 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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