Wells Fargo & Company (NYSE:WFC) Shares Bought by Toroso Investments LLC

Toroso Investments LLC raised its position in Wells Fargo & Company (NYSE:WFC) by 52.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,534 shares of the financial services provider’s stock after purchasing an additional 12,255 shares during the quarter. Toroso Investments LLC’s holdings in Wells Fargo & Company were worth $1,609,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WFC. Price T Rowe Associates Inc. MD boosted its holdings in Wells Fargo & Company by 21.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 128,990,462 shares of the financial services provider’s stock valued at $5,039,658,000 after purchasing an additional 22,458,740 shares during the last quarter. FMR LLC boosted its holdings in Wells Fargo & Company by 13.3% in the 2nd quarter. FMR LLC now owns 187,762,531 shares of the financial services provider’s stock valued at $8,503,764,000 after purchasing an additional 22,104,223 shares during the last quarter. Boston Partners boosted its holdings in Wells Fargo & Company by 301.5% in the 2nd quarter. Boston Partners now owns 11,213,295 shares of the financial services provider’s stock valued at $507,584,000 after purchasing an additional 8,420,303 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Wells Fargo & Company by 577.9% in the 2nd quarter. APG Asset Management N.V. now owns 8,623,425 shares of the financial services provider’s stock valued at $329,332,000 after purchasing an additional 7,351,361 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Wells Fargo & Company by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 333,351,225 shares of the financial services provider’s stock valued at $15,097,477,000 after purchasing an additional 6,093,261 shares during the last quarter. Institutional investors own 70.82% of the company’s stock.

Several equities analysts have weighed in on the stock. Barclays boosted their target price on shares of Wells Fargo & Company from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, July 15th. Jefferies Financial Group upped their price objective on shares of Wells Fargo & Company from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Monday. Raymond James upped their price objective on shares of Wells Fargo & Company from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, August 26th. Evercore ISI restated a “buy” rating and issued a $49.00 price objective on shares of Wells Fargo & Company in a report on Friday, September 10th. Finally, Odeon Capital Group lowered shares of Wells Fargo & Company from a “buy” rating to a “hold” rating in a report on Monday, July 19th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company presently has an average rating of “Buy” and an average target price of $47.95.

Shares of NYSE WFC opened at $46.05 on Thursday. The company has a market cap of $189.10 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.99 and a beta of 1.36. Wells Fargo & Company has a 12 month low of $20.76 and a 12 month high of $51.41. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.83 and a quick ratio of 0.81. The company has a 50-day simple moving average of $47.13 and a 200-day simple moving average of $45.41.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Thursday, October 14th. The financial services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.13. The business had revenue of $18.83 billion during the quarter, compared to the consensus estimate of $18.31 billion. Wells Fargo & Company had a net margin of 19.79% and a return on equity of 9.85%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, analysts anticipate that Wells Fargo & Company will post 4.37 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Friday, August 6th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, August 5th. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.10. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. Wells Fargo & Company’s payout ratio is 145.45%.

About Wells Fargo & Company

Wells Fargo & Co is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other.

Featured Article: What are popular green investing opportunities?

Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFC).

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

Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.