Today, 11,063 Shares of Wells Fargo & Co. (WFC) are sold by Harding Loevner LP

Today, 11,063 Shares of Wells Fargo & Co. (WFC) are sold by Harding Loevner LP

Harding Loevner LP reduced its position in Wells Fargo & Co. (NYSE:WFC) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 3,867,767 shares of the financial services provider’s stock after selling 11,063 shares during the period. Harding Loevner LP’s holdings in Wells Fargo & Co. were worth $171,264,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Parnassus Investments CA boosted its position in Wells Fargo & Co. by 879.2% in the second quarter. Parnassus Investments CA now owns 12,240,229 shares of the financial services provider’s stock valued at $579,330,000 after buying an additional 10,990,229 shares during the period. Vanguard Group Inc. raised its stake in shares of Wells Fargo & Co. by 2.2% in the second quarter. Vanguard Group Inc. now owns 288,028,042 shares of the financial services provider’s stock worth $13,632,368,000 after buying an additional 6,247,583 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. raised its stake in shares of Wells Fargo & Co. by 5,580.0% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,242,602 shares of the financial services provider’s stock worth $248,132,000 after buying an additional 5,150,302 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Wells Fargo & Co. by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 24,714,185 shares of the financial services provider’s stock worth $1,169,680,000 after buying an additional 2,987,795 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Wells Fargo & Co. by 76.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 6,742,003 shares of the financial services provider’s stock worth $319,099,000 after buying an additional 2,931,875 shares in the last quarter. 72.76% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Co. (NYSE:WFC) opened at 51.58 on Tuesday. The company’s 50-day moving average is $47.82 and its 200 day moving average is $47.86. The stock has a market capitalization of $259.05 billion, a price-to-earnings ratio of 12.80 and a beta of 0.93. Wells Fargo & Co. has a one year low of $43.55 and a one year high of $56.24.

Wells Fargo & Co. (NYSE:WFC) last posted its earnings results on Friday, October 14th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $22.30 billion for the quarter. Wells Fargo & Co. had a net margin of 23.91% and a return on equity of 12.72%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Equities analysts expect that Wells Fargo & Co. will post $4.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 4th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $1.52 annualized dividend and a yield of 2.95%. Wells Fargo & Co.’s payout ratio is 37.44%.

A number of equities research analysts have weighed in on the stock. Guggenheim lowered shares of Wells Fargo & Co. from a “buy” rating to a “neutral” rating and boosted their target price for the company from $43.55 to $53.22 in a research note on Tuesday, November 15th. Citigroup Inc. lowered shares of Wells Fargo & Co. to an “underperform” rating in a research note on Friday, November 18th. Jefferies Group reiterated a “hold” rating on shares of Wells Fargo & Co. in a research note on Monday. Vetr upgraded shares of Wells Fargo & Co. from a “strong sell” rating to a “sell” rating and set a $46.56 target price for the company in a research note on Monday. Finally, BMO Capital Markets lowered shares of Wells Fargo & Co. from a “market perform” rating to an “underperform” rating and boosted their target price for the company from $43.55 to $47.00 in a research note on Friday, November 18th. They noted that the move was a valuation call. Nine analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $49.57.

Wells Fargo & Co. Company Profile

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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Today, 11,063 Shares of Wells Fargo & Co. (WFC) are sold by Harding Loevner LP

Today, 11,063 Shares of Wells Fargo & Co. (WFC) are sold by Harding Loevner LP

Harding Loevner LP reduced its position in Wells Fargo & Co. (NYSE:WFC) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 3,867,767 shares of the financial services provider’s stock after selling 11,063 shares during the period. Harding Loevner LP’s holdings in Wells Fargo & Co. were worth $171,264,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Parnassus Investments CA boosted its position in Wells Fargo & Co. by 879.2% in the second quarter. Parnassus Investments CA now owns 12,240,229 shares of the financial services provider’s stock valued at $579,330,000 after buying an additional 10,990,229 shares during the period. Vanguard Group Inc. raised its stake in shares of Wells Fargo & Co. by 2.2% in the second quarter. Vanguard Group Inc. now owns 288,028,042 shares of the financial services provider’s stock worth $13,632,368,000 after buying an additional 6,247,583 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. raised its stake in shares of Wells Fargo & Co. by 5,580.0% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,242,602 shares of the financial services provider’s stock worth $248,132,000 after buying an additional 5,150,302 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Wells Fargo & Co. by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 24,714,185 shares of the financial services provider’s stock worth $1,169,680,000 after buying an additional 2,987,795 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Wells Fargo & Co. by 76.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 6,742,003 shares of the financial services provider’s stock worth $319,099,000 after buying an additional 2,931,875 shares in the last quarter. 72.76% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Co. (NYSE:WFC) opened at 51.58 on Tuesday. The company’s 50-day moving average is $47.82 and its 200 day moving average is $47.86. The stock has a market capitalization of $259.05 billion, a price-to-earnings ratio of 12.80 and a beta of 0.93. Wells Fargo & Co. has a one year low of $43.55 and a one year high of $56.24.

Wells Fargo & Co. (NYSE:WFC) last posted its earnings results on Friday, October 14th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $22.30 billion for the quarter. Wells Fargo & Co. had a net margin of 23.91% and a return on equity of 12.72%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Equities analysts expect that Wells Fargo & Co. will post $4.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 4th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $1.52 annualized dividend and a yield of 2.95%. Wells Fargo & Co.’s payout ratio is 37.44%.

A number of equities research analysts have weighed in on the stock. Guggenheim lowered shares of Wells Fargo & Co. from a “buy” rating to a “neutral” rating and boosted their target price for the company from $43.55 to $53.22 in a research note on Tuesday, November 15th. Citigroup Inc. lowered shares of Wells Fargo & Co. to an “underperform” rating in a research note on Friday, November 18th. Jefferies Group reiterated a “hold” rating on shares of Wells Fargo & Co. in a research note on Monday. Vetr upgraded shares of Wells Fargo & Co. from a “strong sell” rating to a “sell” rating and set a $46.56 target price for the company in a research note on Monday. Finally, BMO Capital Markets lowered shares of Wells Fargo & Co. from a “market perform” rating to an “underperform” rating and boosted their target price for the company from $43.55 to $47.00 in a research note on Friday, November 18th. They noted that the move was a valuation call. Nine analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $49.57.

Wells Fargo & Co. Company Profile

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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