Janus Henderson Group PLC boosted its stake in Wells Fargo & Co (NYSE:WFC) by 0.6% during the 1st quarter, HoldingsChannel reports. The fund owned 4,104,865 shares of the financial services provider’s stock after buying an additional 25,997 shares during the period. Janus Henderson Group PLC’s holdings in Wells Fargo & Co were worth $198,352,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Olstein Capital Management L.P. grew its position in shares of Wells Fargo & Co by 3.6% during the fourth quarter. Olstein Capital Management L.P. now owns 142,900 shares of the financial services provider’s stock valued at $6,585,000 after purchasing an additional 4,900 shares in the last quarter. Summit Wealth & Retirement Planning Inc. purchased a new stake in shares of Wells Fargo & Co in the fourth quarter valued at about $273,000. Commonwealth Bank of Australia lifted its stake in shares of Wells Fargo & Co by 12.8% in the fourth quarter. Commonwealth Bank of Australia now owns 873,051 shares of the financial services provider’s stock valued at $40,225,000 after purchasing an additional 99,250 shares during the period. Assenagon Asset Management S.A. raised its position in Wells Fargo & Co by 72.1% during the first quarter. Assenagon Asset Management S.A. now owns 34,115 shares of the financial services provider’s stock worth $1,648,000 after acquiring an additional 14,291 shares during the last quarter. Finally, M3F Inc. purchased a new stake in shares of Wells Fargo & Co during the fourth quarter worth about $4,631,000. Institutional investors and hedge funds own 75.38% of the company’s stock.

WFC stock opened at $45.85 on Wednesday. Wells Fargo & Co has a fifty-two week low of $43.02 and a fifty-two week high of $59.53. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 1.35. The company has a market cap of $205.08 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.87 and a beta of 1.08.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. Wells Fargo & Co had a return on equity of 13.37% and a net margin of 22.59%. The firm had revenue of $21.61 billion for the quarter, compared to the consensus estimate of $20.89 billion. During the same quarter in the prior year, the business earned $0.96 EPS. On average, analysts expect that Wells Fargo & Co will post 4.73 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Friday, May 10th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.93%. Wells Fargo & Co’s dividend payout ratio (DPR) is 41.10%.

Several analysts recently issued reports on the stock. Bank of America cut shares of Wells Fargo & Co from a “buy” rating to a “neutral” rating in a report on Monday, April 15th. ValuEngine raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Raymond James reissued a “hold” rating on shares of Wells Fargo & Co in a research report on Friday, April 12th. Buckingham Research downgraded Wells Fargo & Co from a “buy” rating to a “neutral” rating and lowered their price target for the company from $65.00 to $53.00 in a report on Monday, April 15th. Finally, Barclays reduced their target price on Wells Fargo & Co from $64.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $55.39.

In other Wells Fargo & Co news, insider Petros G. Pelos sold 28,304 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $46.51, for a total transaction of $1,316,419.04. Following the transaction, the insider now owns 3,066 shares in the company, valued at approximately $142,599.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

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Wells Fargo & Co Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services.

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

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