Wells Fargo & Company (WFC) Shares Bought by Hanson McClain Inc.

Hanson McClain Inc. lifted its position in Wells Fargo & Company (NYSE:WFC) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,449 shares of the financial services provider’s stock after purchasing an additional 185 shares during the quarter. Wells Fargo & comprises 0.1% of Hanson McClain Inc.’s holdings, making the stock its 28th largest position. Hanson McClain Inc.’s holdings in Wells Fargo & were worth $1,244,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Boston Partners raised its stake in shares of Wells Fargo & by 50.0% in the first quarter. Boston Partners now owns 7,948,841 shares of the financial services provider’s stock worth $442,432,000 after purchasing an additional 2,648,763 shares during the last quarter. Rockland Trust Co. raised its stake in shares of Wells Fargo & by 0.6% in the second quarter. Rockland Trust Co. now owns 316,530 shares of the financial services provider’s stock worth $17,539,000 after purchasing an additional 1,856 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Wells Fargo & by 83.9% in the first quarter. Canada Pension Plan Investment Board now owns 7,972,116 shares of the financial services provider’s stock worth $443,728,000 after purchasing an additional 3,637,100 shares during the last quarter. Kelman Lazarov Inc. raised its stake in shares of Wells Fargo & by 6.0% in the second quarter. Kelman Lazarov Inc. now owns 64,172 shares of the financial services provider’s stock worth $3,556,000 after purchasing an additional 3,612 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of Wells Fargo & by 4.7% in the second quarter. First Citizens Bank & Trust Co. now owns 103,269 shares of the financial services provider’s stock worth $5,722,000 after purchasing an additional 4,647 shares during the last quarter. Hedge funds and other institutional investors own 75.86% of the company’s stock.

Several brokerages have recently issued reports on WFC. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price objective on shares of Wells Fargo & in a research note on Wednesday. Vetr raised Wells Fargo & from a “sell” rating to a “strong-buy” rating in a report on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $59.00 target price on shares of Wells Fargo & in a report on Monday, October 16th. UBS AG set a $55.00 target price on Wells Fargo & and gave the stock a “hold” rating in a report on Monday, October 16th. Finally, BMO Capital Markets raised their target price on Wells Fargo & from $49.00 to $50.00 and gave the stock a “market perform” rating in a report on Monday, October 16th. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $57.20.

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Wells Fargo & Company (NYSE WFC) opened at $54.04 on Wednesday. Wells Fargo & Company has a 1 year low of $49.27 and a 1 year high of $59.99. The company has a market capitalization of $266,300.00, a P/E ratio of 13.00, a P/E/G ratio of 1.29 and a beta of 0.97. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91.

Wells Fargo & (NYSE:WFC) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.20). Wells Fargo & had a return on equity of 12.59% and a net margin of 22.00%. The company had revenue of $21.93 billion for the quarter, compared to analysts’ expectations of $22.30 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. analysts forecast that Wells Fargo & Company will post 3.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 2.89%. Wells Fargo &’s dividend payout ratio is currently 40.31%.

Wells Fargo & 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.

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

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