Wells Fargo & Co (WFC) Holdings Raised by Paloma Partners Management Co

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Paloma Partners Management Co boosted its position in Wells Fargo & Co (NYSE:WFC) by 34.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 645,800 shares of the financial services provider’s stock after acquiring an additional 165,494 shares during the period. Wells Fargo & Co accounts for 0.9% of Paloma Partners Management Co’s investment portfolio, making the stock its 13th biggest position. Paloma Partners Management Co’s holdings in Wells Fargo & Co were worth $29,758,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Northern Trust Corp boosted its stake in shares of Wells Fargo & Co by 0.9% during the 4th quarter. Northern Trust Corp now owns 52,682,537 shares of the financial services provider’s stock valued at $2,427,611,000 after purchasing an additional 449,328 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Wells Fargo & Co by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 51,636,368 shares of the financial services provider’s stock valued at $2,375,189,000 after purchasing an additional 2,114,810 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Wells Fargo & Co by 4,415.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,790,126 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 21,307,608 shares in the last quarter. Sanders Capital LLC boosted its stake in shares of Wells Fargo & Co by 1.2% during the 4th quarter. Sanders Capital LLC now owns 15,820,838 shares of the financial services provider’s stock valued at $808,166,000 after purchasing an additional 180,608 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Wells Fargo & Co by 5.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 15,545,982 shares of the financial services provider’s stock valued at $817,097,000 after purchasing an additional 839,794 shares in the last quarter. 72.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wells Fargo & Co stock opened at $46.77 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market capitalization of $232.86 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.87 and a beta of 1.11. Wells Fargo & Co has a 52-week low of $43.02 and a 52-week high of $59.53.

Wells Fargo & Co (NYSE:WFC) last issued its earnings results on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.12. Wells Fargo & Co had a net margin of 22.95% and a return on equity of 13.34%. The business had revenue of $21.61 billion during the quarter, compared to analysts’ expectations of $20.89 billion. During the same period in the previous year, the company earned $0.96 earnings per share. As a group, research analysts predict that Wells Fargo & Co will post 4.93 EPS for the current year.

WFC has been the topic of several research reports. Robert W. Baird reissued a “buy” rating and set a $59.00 price objective on shares of Wells Fargo & Co in a research note on Wednesday, January 2nd. Morgan Stanley dropped their price objective on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Monday. Zacks Investment Research raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Sunday, January 6th. ValuEngine raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Finally, Credit Suisse Group reissued a “hold” rating and set a $60.00 price objective on shares of Wells Fargo & Co in a research note on Friday, January 11th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.45.

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Wells Fargo & Co Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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

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