EJF Capital LLC decreased its stake in shares of Wells Fargo & Co (NYSE:WFC) by 33.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,000 shares of the financial services provider’s stock after selling 2,500 shares during the quarter. EJF Capital LLC’s holdings in Wells Fargo & Co were worth $276,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WFC. Boston Partners boosted its position in shares of Wells Fargo & Co by 140.1% during the second quarter. Boston Partners now owns 19,088,621 shares of the financial services provider’s stock worth $1,057,700,000 after acquiring an additional 11,139,780 shares during the last quarter. Capital World Investors boosted its position in shares of 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 worth $6,192,259,000 after acquiring an additional 10,927,679 shares during the last quarter. Capital Research Global Investors boosted its position in shares of 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 worth $2,511,614,000 after acquiring an additional 7,445,414 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $1,653,464,000 after acquiring an additional 6,291,906 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Wells Fargo & Co by 396.3% during the second quarter. Janus Henderson Group PLC now owns 5,894,918 shares of the financial services provider’s stock worth $326,655,000 after acquiring an additional 4,707,207 shares during the last quarter. Hedge funds and other institutional investors own 76.20% of the company’s stock.

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 filing with the SEC, which is available at this link. Also, insider Michael J. Loughlin sold 17,482 shares of the stock in a transaction on Monday, December 4th. The shares were 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. In the last three months, insiders sold 184,482 shares of company stock worth $10,471,050. Insiders own 0.22% of the company’s stock.

A number of equities analysts recently weighed in on WFC shares. Morgan Stanley restated an “average” rating and set a $400.00 target price (up previously from $1.95) on shares of Wells Fargo & Co in a research report on Tuesday. Keefe, Bruyette & Woods restated a “buy” rating and set a $59.00 target price on shares of Wells Fargo & Co in a research report on Monday, October 16th. Vertical Group upgraded shares of Wells Fargo & Co from a “sell” rating to a “buy” rating in a research report on Thursday, December 7th. Royal Bank of Canada restated a “buy” rating and set a $60.00 target price on shares of Wells Fargo & Co in a research report on Wednesday, November 15th. Finally, Buckingham Research upgraded shares of Wells Fargo & Co from a “neutral” rating to a “buy” rating and upped their target price for the stock from $57.00 to $75.00 in a research report on Thursday, December 21st. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the stock. Wells Fargo & Co has a consensus rating of “Hold” and an average price target of $76.81.

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 P/E/G ratio of 1.49 and a beta of 1.01. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 0.90. Wells Fargo & Co has a 12 month low of $49.27 and a 12 month high of $66.31.

Wells Fargo & Co (NYSE:WFC) last announced 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 prior year, the company posted $0.96 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. equities analysts forecast that Wells Fargo & Co will post 4.73 EPS for the current year.

Wells Fargo & Co announced that its Board of Directors has authorized a stock buyback plan 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 plans are typically an indication that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 2nd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Thursday, February 1st. Wells Fargo & Co’s dividend payout ratio is currently 37.77%.

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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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