Boston Partners Purchases 1,111 Shares of Wells Fargo & Company $WFC

Boston Partners boosted its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 0.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,954,120 shares of the financial services provider’s stock after purchasing an additional 1,111 shares during the quarter. Wells Fargo & Company comprises about 0.8% of Boston Partners’ investment portfolio, making the stock its 25th largest position. Boston Partners owned about 0.28% of Wells Fargo & Company worth $716,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Richmond Investment Services LLC boosted its stake in shares of Wells Fargo & Company by 129.0% during the 2nd quarter. Richmond Investment Services LLC now owns 6,422 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 3,618 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in Wells Fargo & Company by 22.8% during the second quarter. J.W. Cole Advisors Inc. now owns 102,378 shares of the financial services provider’s stock worth $8,203,000 after buying an additional 18,995 shares during the period. North Star Asset Management Inc. grew its stake in Wells Fargo & Company by 14.8% in the second quarter. North Star Asset Management Inc. now owns 14,307 shares of the financial services provider’s stock valued at $1,146,000 after purchasing an additional 1,841 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Wells Fargo & Company by 38.0% in the second quarter. Manchester Capital Management LLC now owns 12,899 shares of the financial services provider’s stock valued at $1,033,000 after acquiring an additional 3,550 shares in the last quarter. Finally, FourThought Financial Partners LLC grew its stake in Wells Fargo & Company by 43.9% during the 2nd quarter. FourThought Financial Partners LLC now owns 7,302 shares of the financial services provider’s stock worth $585,000 after buying an additional 2,228 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Up 0.5%

Shares of NYSE:WFC opened at $85.09 on Wednesday. The firm has a market capitalization of $267.09 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.18 and a beta of 1.22. Wells Fargo & Company has a 1 year low of $58.42 and a 1 year high of $88.64. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s 50-day moving average is $84.14 and its two-hundred day moving average is $80.51.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.55 by $0.18. The business had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.11 billion. Wells Fargo & Company had a net margin of 17.18% and a return on equity of 12.51%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 earnings per share. Analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WFC shares. Dbs Bank upgraded shares of Wells Fargo & Company to a “moderate buy” rating in a research note on Tuesday, October 21st. UBS Group cut their price objective on shares of Wells Fargo & Company from $95.00 to $93.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Bank of America boosted their price objective on Wells Fargo & Company from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Cowen reaffirmed a “hold” rating on shares of Wells Fargo & Company in a research note on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.57.

Wells Fargo & Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.