Wells Fargo & Co (WFC) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its stake in Wells Fargo & Co (NYSE:WFC) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,818 shares of the financial services provider’s stock after purchasing an additional 2,843 shares during the quarter. Wells Fargo & Co accounts for 1.2% of IFM Investors Pty Ltd’s portfolio, making the stock its 10th largest position. IFM Investors Pty Ltd’s holdings in Wells Fargo & Co were worth $7,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners increased its holdings in Wells Fargo & Co by 140.1% in the second quarter. Boston Partners now owns 19,088,621 shares of the financial services provider’s stock worth $1,057,700,000 after buying an additional 11,139,780 shares during the last quarter. Capital World Investors increased its holdings in Wells Fargo & Co by 10.8% in the second quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock worth $6,192,259,000 after buying an additional 10,927,679 shares during the last quarter. Capital Research Global Investors increased its holdings in Wells Fargo & Co by 19.7% in the second quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock worth $2,511,614,000 after buying an additional 7,445,414 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Wells Fargo & Co by 26.7% in the second quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock worth $1,653,464,000 after buying an additional 6,291,906 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Wells Fargo & Co by 396.3% in the second quarter. Janus Henderson Group PLC now owns 5,894,918 shares of the financial services provider’s stock worth $326,655,000 after buying an additional 4,707,207 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

In other news, VP Richard Levy sold 97,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total value of $5,477,590.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald Sargent acquired 9,000 shares of Wells Fargo & Co stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $55.98 per share, with a total value of $503,820.00. Following the completion of the transaction, the director now directly owns 81 shares of the company’s stock, valued at approximately $4,534.38. The disclosure for this purchase can be found here. Insiders sold 184,482 shares of company stock valued at $10,471,050 over the last three months. 0.22% of the stock is owned by company insiders.

Wells Fargo & Co (NYSE:WFC) opened at $59.95 on Friday. Wells Fargo & Co has a twelve month low of $49.27 and a twelve month high of $66.31. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $295,210.00, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01.

Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.07). Wells Fargo & Co had a net margin of 22.57% and a return on equity of 12.24%. The company had revenue of $22.05 billion for the quarter, compared to analyst estimates of $22.64 billion. During the same quarter last year, the business earned $0.96 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. equities research analysts forecast that Wells Fargo & Co will post 4.72 EPS for the current year.

Wells Fargo & Co announced that its board has authorized a stock repurchase plan on Tuesday, January 23rd that allows the company to repurchase 350,000,000 shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 2nd will be given a $0.39 dividend. The ex-dividend date is Thursday, February 1st. This represents a $1.56 annualized dividend and a dividend yield of 2.60%. Wells Fargo & Co’s dividend payout ratio is 45.22%.

A number of equities analysts recently commented on the company. Bank of America dropped their price objective on Wells Fargo & Co from $70.00 to $69.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Morgan Stanley downgraded Wells Fargo & Co from an “equal weight” rating to an “underweight” rating in a report on Monday, February 5th. JPMorgan Chase & Co. downgraded Wells Fargo & Co from a “neutral” rating to an “underweight” rating in a report on Monday, February 5th. Vetr upgraded Wells Fargo & Co from a “sell” rating to a “strong-buy” rating in a report on Monday, November 6th. Finally, Vining Sparks restated a “buy” rating and issued a $75.00 price objective on shares of Wells Fargo & Co in a report on Monday, January 8th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. Wells Fargo & Co currently has a consensus rating of “Hold” and an average price target of $62.90.

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Wells Fargo & Co 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.

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

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