Wells Fargo & Company (WFC) Holdings Lessened by Pictet & Cie Europe SA

Pictet & Cie Europe SA trimmed its holdings in Wells Fargo & Company (NYSE:WFC) by 21.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,750 shares of the financial services provider’s stock after selling 25,801 shares during the period. Pictet & Cie Europe SA’s holdings in Wells Fargo & Company were worth $5,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. C WorldWide Group Holding A S raised its position in shares of Wells Fargo & Company by 11.8% during the 1st quarter. C WorldWide Group Holding A S now owns 5,314,670 shares of the financial services provider’s stock valued at $295,814,000 after acquiring an additional 559,931 shares in the last quarter. Webster Bank N. A. raised its position in shares of Wells Fargo & Company by 2.5% during the 1st quarter. Webster Bank N. A. now owns 49,707 shares of the financial services provider’s stock valued at $2,766,000 after acquiring an additional 1,190 shares in the last quarter. Eads & Heald Investment Counsel raised its position in shares of Wells Fargo & Company by 7.3% during the 1st quarter. Eads & Heald Investment Counsel now owns 27,578 shares of the financial services provider’s stock valued at $1,535,000 after acquiring an additional 1,870 shares in the last quarter. APG Asset Management N.V. raised its position in shares of Wells Fargo & Company by 10.1% during the 1st quarter. APG Asset Management N.V. now owns 6,905,782 shares of the financial services provider’s stock valued at $384,376,000 after acquiring an additional 635,436 shares in the last quarter. Finally, Grimes & Company Inc. raised its position in shares of Wells Fargo & Company by 15.8% during the 1st quarter. Grimes & Company Inc. now owns 7,428 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 1,012 shares in the last quarter. 74.88% of the stock is currently owned by institutional investors.

Shares of Wells Fargo & Company (WFC) traded up $0.03 during trading on Monday, hitting $54.09. The stock had a trading volume of 5,386,400 shares, compared to its average volume of 18,016,963. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91. The firm has a market capitalization of $266,353.28, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. Wells Fargo & Company has a twelve month low of $49.27 and a twelve month high of $59.99.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be issued a $0.39 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $1.56 annualized dividend and a dividend yield of 2.88%. Wells Fargo & Company’s dividend payout ratio (DPR) is 40.31%.

Several equities research analysts recently issued reports on the company. Vetr raised Wells Fargo & Company from a “sell” rating to a “strong-buy” rating in a research report on Monday, November 6th. Zacks Investment Research raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Goldman Sachs Group Inc reissued a “buy” rating on shares of Wells Fargo & Company in a research report on Wednesday, October 11th. Robert W. Baird reissued a “buy” rating and set a $58.00 price target on shares of Wells Fargo & Company in a research report on Friday, October 6th. Finally, Citigroup Inc. reissued a “buy” rating and set a $65.00 price target (up from $60.00) on shares of Wells Fargo & Company in a research 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 presently has a consensus rating of “Hold” and a consensus target price of $57.20.

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Wells Fargo & Company 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 & Company (NYSE:WFC)

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