Raymond James Trust N.A. raised its holdings in Wells Fargo & Co (NYSE:WFC) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 292,055 shares of the financial services provider’s stock after acquiring an additional 3,493 shares during the quarter. Wells Fargo & Co accounts for 0.9% of Raymond James Trust N.A.’s investment portfolio, making the stock its 20th biggest holding. Raymond James Trust N.A.’s holdings in Wells Fargo & Co were worth $15,350,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Landaas & Co. WI ADV acquired a new position in shares of Wells Fargo & Co during the second quarter worth approximately $117,000. Cerebellum GP LLC acquired a new position in shares of Wells Fargo & Co during the third quarter worth approximately $179,000. Stelac Advisory Services LLC raised its position in shares of Wells Fargo & Co by 99.3% during the first quarter. Stelac Advisory Services LLC now owns 3,581 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 1,784 shares during the period. Diligent Investors LLC acquired a new position in shares of Wells Fargo & Co during the second quarter worth approximately $200,000. Finally, Day & Ennis LLC acquired a new position in shares of Wells Fargo & Co during the second quarter worth approximately $202,000. 77.57% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. ValuEngine raised Wells Fargo & Co from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered Wells Fargo & Co from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. Keefe, Bruyette & Woods raised Wells Fargo & Co from a “market perform” rating to an “outperform” rating and increased their price target for the company from $57.00 to $63.00 in a research report on Sunday, July 15th. They noted that the move was a valuation call. Nomura lowered their price target on Wells Fargo & Co from $68.00 to $63.00 and set a “buy” rating for the company in a research report on Monday. Finally, BMO Capital Markets increased their price target on Wells Fargo & Co to $65.00 and gave the company a “market perform” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $63.79.

Shares of NYSE:WFC opened at $53.73 on Wednesday. The firm has a market capitalization of $256.37 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.22. Wells Fargo & Co has a 1 year low of $50.26 and a 1 year high of $66.31.

Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.04). The business had revenue of $21.94 billion during the quarter, compared to the consensus estimate of $21.90 billion. Wells Fargo & Co had a net margin of 22.03% and a return on equity of 12.38%. On average, equities analysts forecast that Wells Fargo & Co will post 4.55 EPS for the current fiscal year.

In other Wells Fargo & Co news, EVP Hope A. Hardison sold 25,000 shares of the company’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $58.01, for a total value of $1,450,250.00. Following the completion of the transaction, the executive vice president now owns 109 shares in the company, valued at approximately $6,323.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Avid Modjtabai sold 100,000 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $58.71, for a total value of $5,871,000.00. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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Institutional Ownership by Quarter for Wells Fargo & Co (NYSE:WFC)

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