Wells Fargo & Co. (WFC) Shares Bought by First Niagara Bank

First Niagara Bank raised its stake in shares of Wells Fargo & Co. (NYSE:WFC) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,047 shares of the financial services provider’s stock after buying an additional 402 shares during the period. Wells Fargo & Co. makes up approximately 1.0% of First Niagara Bank’s holdings, making the stock its 29th largest position. First Niagara Bank’s holdings in Wells Fargo & Co. were worth $3,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Douglas Lane & Associates LLC acquired a new position in shares of Wells Fargo & Co. during the first quarter valued at about $2,240,000. Duncker Streett & Co. Inc. raised its position in shares of Wells Fargo & Co. by 19.5% in the first quarter. Duncker Streett & Co. Inc. now owns 40,614 shares of the financial services provider’s stock valued at $1,964,000 after buying an additional 6,639 shares in the last quarter. Delta Asset Management LLC TN raised its position in shares of Wells Fargo & Co. by 1.1% in the first quarter. Delta Asset Management LLC TN now owns 435,717 shares of the financial services provider’s stock valued at $21,071,000 after buying an additional 4,755 shares in the last quarter. North Star Investment Management Corp. raised its position in shares of Wells Fargo & Co. by 4.0% in the first quarter. North Star Investment Management Corp. now owns 16,996 shares of the financial services provider’s stock valued at $822,000 after buying an additional 652 shares in the last quarter. Finally, PacWest Financial Management Inc raised its position in shares of Wells Fargo & Co. by 10.2% in the first quarter. PacWest Financial Management Inc now owns 42,265 shares of the financial services provider’s stock valued at $2,043,000 after buying an additional 3,910 shares in the last quarter. 73.94% of the stock is currently owned by institutional investors.

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

Shares of Wells Fargo & Co. (NYSE:WFC) traded up 1.01% during mid-day trading on Tuesday, hitting $44.95. 23,877,562 shares of the stock were exchanged. The stock’s 50 day moving average price is $46.47 and its 200-day moving average price is $48.01. Wells Fargo & Co. has a 12-month low of $43.55 and a 12-month high of $56.34. The stock has a market capitalization of $226.80 billion, a P/E ratio of 11.10 and a beta of 0.91.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.02. Wells Fargo & Co. had a net margin of 23.91% and a return on equity of 12.72%. The firm earned $22.30 billion during the quarter. During the same quarter in the previous year, the business posted $1.05 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that Wells Fargo & Co. will post $4.02 EPS for the current fiscal year.

Several research analysts recently issued reports on WFC shares. Zacks Investment Research raised Wells Fargo & Co. from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Argus reaffirmed a “buy” rating and set a $58.00 target price on shares of Wells Fargo & Co. in a research report on Monday, June 27th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a research report on Sunday, June 26th. Vetr downgraded Wells Fargo & Co. from a “strong-buy” rating to a “buy” rating and set a $51.06 price target on the stock. in a research note on Wednesday, July 6th. Finally, Jefferies Group reiterated a “buy” rating and set a $53.00 price target on shares of Wells Fargo & Co. in a research note on Thursday, July 7th. Seven investment analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $49.66.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $48.92, for a total transaction of $1,002,860.00. Following the completion of the transaction, the chief operating officer now owns 650,815 shares in the company, valued at approximately $31,837,869.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.29% of the company’s stock.

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.

5 Day Chart for NYSE:WFC

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