Gratus Capital LLC increases its stake in Wells Fargo & Company (WFC)



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  Wells Fargo & Company logo "title =" Wells Fargo & Company logo "clbad =" companylogo "/> Gratus Capital LLC raised its holdings in shares of Wells Fargo & Company (NYSE: WFC) by 3.2% in in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund held 96,392 shares of the shares of the financial services provider after acquiring 2,982 additional shares during the quarter.The shares of Gratus Capital LLC in Wells Fargo & Company were worth $ 5,341,000 at the end of the last quarter. </p>
<p>  Other institutional investors and hedge funds have also modified their holdings of the company, Principal Financial Group Inc. increased its holdings in Wells Fargo & Company by 15.8% during the Second quarter, now holds 10,726,261 shares of shares of the financial services provider valued at $ 594,341,000 after buying 1,463,652 shares at during the period. Sullivan Bruyette Speros & Blaney LLC increased its holdings at Wells Fargo & Company by 3.5% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 9,115 shares of the financial services provider valued at $ 505,000 after buying 306 additional shares during the period. Patriot Financial Group Insurance Agency LLC increased its holdings at Wells Fargo & Company by 0.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider's stock valued at $ 106,000 after buying 6 additional shares during the period. Flippin Bruce & Porter Inc. increased its holdings at Wells Fargo & Company by 3.4% during the second quarter. Flippin Bruce & Porter Inc. now owns 158,241 shares of the financial services provider's stock valued at $ 8,768,000 after buying 5,215 additional shares during the period. Finally, Mirador Capital Partners LP increased its holdings in Wells Fargo & Company by 7.9% during the second quarter. Mirador Capital Partners LP now owns 51,322 shares of the shares of the financial services provider valued at $ 2,712,000 after buying 3,766 additional shares during the period. 75.78% of the shares are owned by institutional investors. </p>
<p>  Wells Fargo & Company (WFC) opened at $ 56.20 on Friday. The company has a market capitalization of $ 278,073.00, a PE ratio of 13.64, a PEG ratio of 1.36 and a beta of 0.96. The company has a quick ratio of 0.89, a current ratio of 0.91 and a ratio of debt to equity of 1.32. Wells Fargo & Company has a minimum of twelve months of $ 49.27 and a maximum of twelve months of $ 59.99. </p>
<p>Wells Fargo & Company (NYSE: WFC) last published its quarterly earnings data on Friday, October 13. The financial services provider reported $ 0.84 BPA for the quarter, without the Thomson Reuters consensus estimate of $ 1.04 per ($ 0.20). The company had revenues of $ 21.93 billion during the quarter, compared to badyst expectations of $ 22.30 billion. Wells Fargo & Company had a return on capital of 12.59% and a net margin of 22.00%. The company's quarterly revenues decreased 1.8% year-on-year. During the same quarter of the previous year, the company registered $ 1.03 EPS. Research badysts expect Wells Fargo & Company to publish 3.97 EPS for the current year.</p>
<p> The business also recently revealed a quarterly dividend, which was paid on Friday, December 1. The shareholders registered on Friday, November 3, were granted a dividend of $ 0.39. The dividend-free date for this dividend was Thursday, November 2. This represents an annualized dividend of $ 1.56 and a dividend yield of 2.78%. The dividend payment index of Wells Fargo & Company is currently 40.31%. </p>
<p>  WFC has been the subject of several research reports. Vetr elevated Wells Fargo & Company to a "strong buy" rating in a report on Thursday, September 7. Keefe, Bruyette & Woods reaffirmed a "buy" rating on the shares of Wells Fargo & Company in a report on Wednesday, August 16. The Goldman Sachs Group reaffirmed a "buy" rating on the shares of Wells Fargo & Company in a report on Wednesday, October 11. Robert W. Baird reaffirmed a "buy" rating and issued a target price of $ 58.00 on the shares of Wells Fargo & Company in a report on Tuesday, September 5. Finally, Citigroup reaffirmed a "buy" rating and issued a price target of $ 65.00 (up to $ 60.00) on the shares of Wells Fargo & Company in a report on Monday, October 9. Six research badysts have rated the shares with a sales rating, fifteen have granted a withholding rating, thirteen have issued a purchase rating and two have issued a strong purchase rating for the company's shares. Wells Fargo & Company currently has a "Hold" consensus rating and a consensus target price of $ 57.25. </p>
<p>  In related news, insider John R. Shrewsberry sold 70,000 shares of the company in a transaction on Thursday, November 30. The shares were sold at an average price of $ 56.90, for a total value of $ 3,983,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In addition, Vice President Richard Levy sold 97,000 shares of the company in a transaction on Thursday, November 30. The stock was sold at an average price of $ 56.47, for a total value of $ 5,477,590.00. The disclosure of this sale can be found here. 0.22% of the shares are currently owned by people with privileged information. </p>
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Wells Fargo & Company Company 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 in three categories: personal, small business and commercial.

  Institutional ownership per quarter for Wells Fargo & Company (NYSE: WFC)




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