River Road Asset Management LLC Has $67.76 Million Position in Wells Fargo & Company (WFC)

River Road Asset Management LLC trimmed its position in Wells Fargo & Company (NYSE:WFC) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,222,937 shares of the financial services provider’s stock after selling 16,810 shares during the quarter. Wells Fargo & accounts for approximately 1.3% of River Road Asset Management LLC’s holdings, making the stock its 18th biggest holding. River Road Asset Management LLC’s holdings in Wells Fargo & were worth $67,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners increased 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 buying an additional 2,648,763 shares during the period. Rockland Trust Co. increased 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 buying an additional 1,856 shares during the period. Kelman Lazarov Inc. increased 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 buying an additional 3,612 shares during the period. First Citizens Bank & Trust Co. increased 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 buying an additional 4,647 shares during the period. Finally, Dixon Hubard Feinour & Brown Inc. VA increased its stake in shares of Wells Fargo & by 25.8% in the second quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,307 shares of the financial services provider’s stock worth $405,000 after buying an additional 1,500 shares during the period. 74.88% of the stock is currently owned by institutional investors.

Several research analysts recently commented on the stock. Vetr raised shares of Wells Fargo & from a “sell” rating to a “strong-buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Wells Fargo & in a research note on Wednesday, October 11th. Robert W. Baird reaffirmed a “buy” rating and issued a $58.00 target price on shares of Wells Fargo & in a research note on Friday, October 6th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $65.00 price target (up previously from $60.00) on shares of Wells Fargo & in a report on Monday, October 9th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.20.

Wells Fargo & Company (WFC) opened at $54.05 on Tuesday. Wells Fargo & Company has a 52-week low of $49.27 and a 52-week high of $59.99. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89. The firm has a market capitalization of $266,350.00, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97.

Wells Fargo & (NYSE:WFC) last issued its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share 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 business had revenue of $21.93 billion during the quarter, compared to analysts’ expectations of $22.30 billion. During the same period last year, the firm posted $1.03 EPS. Wells Fargo &’s quarterly revenue was down 1.8% compared to the same quarter last year. equities analysts forecast that Wells Fargo & Company will post 3.97 earnings per share 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. This represents a $1.56 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, November 2nd. Wells Fargo &’s dividend payout ratio (DPR) is 40.31%.

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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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