Roundview Capital LLC lessened its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 32.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,841 shares of the financial services provider’s stock after selling 19,397 shares during the quarter. Roundview Capital LLC’s holdings in Wells Fargo & Co were worth $2,094,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Wells Fargo & Co by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 43,088,636 shares of the financial services provider’s stock worth $2,388,296,000 after buying an additional 1,874,789 shares during the period. Magellan Asset Management Ltd raised its stake in Wells Fargo & Co by 0.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 31,103,695 shares of the financial services provider’s stock worth $1,724,389,000 after buying an additional 78,797 shares during the period. Boston Partners raised its stake in Wells Fargo & Co by 12.6% during the 2nd quarter. Boston Partners now owns 21,223,020 shares of the financial services provider’s stock worth $1,176,604,000 after buying an additional 2,372,583 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Wells Fargo & Co by 2.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 16,910,637 shares of the financial services provider’s stock worth $937,526,000 after buying an additional 372,355 shares during the period. Finally, Sanders Capital LLC acquired a new stake in Wells Fargo & Co during the 2nd quarter worth $952,809,000. 77.44% of the stock is currently owned by institutional investors and hedge funds.

WFC opened at $52.94 on Friday. Wells Fargo & Co has a 1 year low of $50.02 and a 1 year high of $66.31. The stock has a market capitalization of $257.25 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.05 and a beta of 1.01. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.87.

Wells Fargo & Co (NYSE:WFC) last released its earnings results on Friday, October 12th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.04). The company had revenue of $21.94 billion during the quarter, compared to analyst estimates of $21.90 billion. Wells Fargo & Co had a net margin of 23.17% and a return on equity of 12.69%. On average, analysts expect that Wells Fargo & Co will post 4.5 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Friday, November 9th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, November 8th. Wells Fargo & Co’s dividend payout ratio is currently 41.85%.

Wells Fargo & Co announced that its board has initiated a share repurchase plan on Tuesday, October 23rd that authorizes the company to repurchase 350,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Several analysts recently commented on WFC shares. Zacks Investment Research downgraded Wells Fargo & Co from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Macquarie downgraded Wells Fargo & Co from an “outperform” rating to a “neutral” rating in a research note on Friday, September 7th. They noted that the move was a valuation call. Edward Jones raised Wells Fargo & Co from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Wolfe Research initiated coverage on Wells Fargo & Co in a research note on Tuesday, September 25th. They issued an “outperform” rating on the stock. Finally, UBS Group set a $63.00 price target on Wells Fargo & Co and gave the company a “buy” rating in a research note on Friday, September 28th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. Wells Fargo & Co has an average rating of “Buy” and a consensus price target of $63.79.

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About Wells Fargo & Co

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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