The Wells Fargo & Co (WFC) Stake Boosted by Bollard Group LLC

The Wells Fargo & Co (WFC) Stake Boosted by Bollard Group LLC

A number of other institutional investors also recently added to or reduced their stakes in the stock. East Coast Asset Management LLC. increased its position in Wells Fargo & Co by 5.0% in the third quarter. East Coast Asset Management LLC. now owns 86,321 shares of the financial services provider’s stock valued at $3,822,000 after buying an additional 4,121 shares in the last quarter. Segantii Capital Management Ltd bought a new position in Wells Fargo & Co during the third quarter valued at about $6,656,000. Payden & Rygel increased its position in Wells Fargo & Co by 4.7% in the third quarter. Payden & Rygel now owns 505,620 shares of the financial services provider’s stock valued at $22,389,000 after buying an additional 22,620 shares in the last quarter. Integrated Wealth Counsel LLC increased its position in Wells Fargo & Co by 17.8% in the third quarter. Integrated Wealth Counsel LLC now owns 2,408 shares of the financial services provider’s stock valued at $107,000 after buying an additional 363 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in Wells Fargo & Co by 1.6% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,202,634 shares of the financial services provider’s stock valued at $97,533,000 after buying an additional 33,901 shares in the last quarter. Institutional investors own 73.25% of the company’s stock.

Bollard Group LLC increased its stake in shares of Wells Fargo & Co (NYSE:WFC) by 12.9% during the first quarter, Holdings Channel reports. The institutional investor owned 36,577 shares of the financial services provider’s stock after buying an additional 4,167 shares during the period. Bollard Group LLC’s holdings in Wells Fargo & Co were worth $2,036,000 as of its most recent SEC filing.

Wells Fargo & Co (NYSE WFC) opened at 51.81 on Monday. The stock has a market capitalization of $258.91 billion, a PE ratio of 12.95 and a beta of 0.98. The stock’s 50 day moving average is $53.42 and its 200-day moving average is $55.22. Wells Fargo & Co has a 52 week low of $43.55 and a 52 week high of $59.99.

Wells Fargo & Co (NYSE:WFC) last released its earnings results on Thursday, April 13th. The financial services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. Wells Fargo & Co had a net margin of 23.30% and a return on equity of 12.60%. The business had revenue of $22 billion during the quarter, compared to analyst estimates of $22.25 billion. During the same period in the prior year, the business earned $0.99 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Wells Fargo & Co will post $4.16 EPS for the current year.

Several equities research analysts have recently weighed in on WFC shares. Credit Suisse Group AG reiterated a “hold” rating and set a $56.00 target price on shares of Wells Fargo & Co in a research note on Friday, March 3rd. Zacks Investment Research downgraded shares of Wells Fargo & Co from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Vetr upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $55.28 target price for the company in a research note on Tuesday, March 21st. Keefe, Bruyette & Woods upgraded shares of Wells Fargo & Co from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $53.00 to $63.00 in a research note on Wednesday, April 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $62.00 target price on shares of Wells Fargo & Co in a research note on Wednesday, April 5th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.45. In other news, CEO Timothy J. Sloan purchased 39,000 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were acquired at an average price of $51.65 per share, for a total transaction of $2,014,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 754,581 shares of the company’s stock, valued at $38,974,108.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Loughlin sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.16, for a total transaction of $1,043,200.00. Following the sale, the insider now owns 7 shares in the company, valued at approximately $365.12. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 106,392 shares of company stock valued at $5,526,822. Company insiders own 0.29% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WFC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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