Wells Fargo & Company (WFC) Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its stake in shares of Wells Fargo & Company (NYSE:WFC) by 9.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,450 shares of the financial services provider’s stock after buying an additional 6,500 shares during the quarter. Wells Fargo & Company comprises 2.8% of Knights of Columbus Asset Advisors LLC’s holdings, making the stock its 3rd largest position. Knights of Columbus Asset Advisors LLC’s holdings in Wells Fargo & Company were worth $4,014,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in WFC. Harris Associates L P raised its position in Wells Fargo & Company by 1.2% in the first quarter. Harris Associates L P now owns 23,796,125 shares of the financial services provider’s stock valued at $1,324,492,000 after purchasing an additional 286,710 shares during the period. Boston Partners raised its position in Wells Fargo & Company by 140.1% in the second quarter. Boston Partners now owns 19,088,621 shares of the financial services provider’s stock valued at $1,057,700,000 after purchasing an additional 11,139,780 shares during the period. Schwab Charles Investment Management Inc. raised its position in Wells Fargo & Company by 4.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,919,302 shares of the financial services provider’s stock valued at $826,679,000 after purchasing an additional 607,497 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Wells Fargo & Company by 1.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,648,271 shares of the financial services provider’s stock valued at $756,251,000 after purchasing an additional 232,417 shares during the period. Finally, Longview Partners Guernsey LTD raised its position in Wells Fargo & Company by 5.3% in the second quarter. Longview Partners Guernsey LTD now owns 12,544,667 shares of the financial services provider’s stock valued at $695,100,000 after purchasing an additional 636,994 shares during the period. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Wells Fargo & Company (NYSE:WFC) traded up $1.16 during trading hours on Tuesday, hitting $58.55. The stock had a trading volume of 39,753,409 shares, compared to its average volume of 18,320,176. The firm has a market cap of $291,040.00, a PE ratio of 13.57, a P/E/G ratio of 1.35 and a beta of 0.96. Wells Fargo & Company has a twelve month low of $49.27 and a twelve month high of $59.99. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were given a $0.39 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.66%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 40.31%.

A number of equities research analysts have commented on the company. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, November 15th. Vetr upgraded Wells Fargo & Company from a “sell” rating to a “strong-buy” rating in a report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $59.00 price objective on shares of Wells Fargo & Company in a report on Monday, October 16th. UBS set a $55.00 price objective on Wells Fargo & Company and gave the company a “hold” rating in a report on Monday, October 16th. Finally, BMO Capital Markets boosted their price objective on Wells Fargo & Company from $49.00 to $50.00 and gave the company a “market perform” rating in a report on Monday, October 16th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $57.25.

In other Wells Fargo & Company news, VP Richard Levy sold 97,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total transaction of $5,477,590.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John R. Shrewsberry sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.90, for a total value of $3,983,000.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.

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About Wells Fargo & Company

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 & Company (NYSE:WFC)

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