Wells Fargo & Co (WFC) is Fjarde AP Fonden Fourth Swedish National Pension Fund’s 10th Largest Position

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Wells Fargo & Co (NYSE:WFC) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,137,449 shares of the financial services provider’s stock after purchasing an additional 11,336 shares during the period. Wells Fargo & Co makes up 1.2% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 10th biggest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Wells Fargo & Co were worth $62,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WFC. Comerica Bank increased its position in shares of Wells Fargo & Co by 20.2% in the third quarter. Comerica Bank now owns 1,672,928 shares of the financial services provider’s stock valued at $93,433,000 after acquiring an additional 280,576 shares during the last quarter. CI Global Investments Inc. increased its position in shares of Wells Fargo & Co by 509.4% in the third quarter. CI Global Investments Inc. now owns 3,319,943 shares of the financial services provider’s stock valued at $183,095,000 after acquiring an additional 2,775,177 shares during the last quarter. Massey Quick Simon & CO. LLC increased its position in shares of Wells Fargo & Co by 133.3% in the third quarter. Massey Quick Simon & CO. LLC now owns 20,798 shares of the financial services provider’s stock valued at $1,147,000 after acquiring an additional 11,885 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Wells Fargo & Co by 0.7% in the third quarter. Teacher Retirement System of Texas now owns 3,117,966 shares of the financial services provider’s stock valued at $171,956,000 after acquiring an additional 22,910 shares during the last quarter. Finally, First National Trust Co. increased its position in shares of Wells Fargo & Co by 1.9% in the third quarter. First National Trust Co. now owns 143,485 shares of the financial services provider’s stock valued at $7,913,000 after acquiring an additional 2,743 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Richard Levy sold 97,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total transaction of $5,477,590.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Loughlin sold 17,482 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $57.80, for a total value of $1,010,459.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,482 shares of company stock valued at $10,471,050. Corporate insiders own 0.22% of the company’s stock.

A number of analysts recently issued reports on WFC shares. Nomura lifted their target price on Wells Fargo & Co from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, September 28th. Instinet reissued a “buy” rating and set a $65.00 price target (up previously from $64.00) on shares of Wells Fargo & Co in a research report on Saturday, September 30th. Vetr downgraded Wells Fargo & Co from a “hold” rating to a “sell” rating and set a $53.07 price target on the stock. in a research report on Monday, October 2nd. UBS Group set a $57.00 price target on Wells Fargo & Co and gave the stock a “neutral” rating in a research report on Friday, October 6th. Finally, Vertical Group started coverage on Wells Fargo & Co in a research report on Friday, October 6th. They set a “sell” rating on the stock. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $61.37.

Shares of Wells Fargo & Co (WFC) opened at $63.88 on Thursday. Wells Fargo & Co has a 1-year low of $49.27 and a 1-year high of $64.04. The stock has a market capitalization of $314,790.00, a P/E ratio of 15.47, a PEG ratio of 1.65 and a beta of 0.96. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.07). Wells Fargo & Co had a return on equity of 12.24% and a net margin of 22.57%. The firm had revenue of $22.05 billion for the quarter, compared to the consensus estimate of $22.64 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The company’s revenue was up 2.2% on a year-over-year basis. equities research analysts expect that Wells Fargo & Co will post 4.69 EPS for the current year.

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Wells Fargo & Co 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.

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

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