Flinton Capital Management LLC Invests $33,040,000 in Wells Fargo & Co (WFC)

Flinton Capital Management LLC bought a new stake in shares of Wells Fargo & Co (NYSE:WFC) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm bought 599,536 shares of the financial services provider’s stock, valued at approximately $33,040,000. Wells Fargo & Co accounts for approximately 1.5% of Flinton Capital Management LLC’s portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Trent Capital Management Inc. NC purchased a new position in shares of Wells Fargo & Co during the fourth quarter valued at $102,000. Empirical Finance LLC purchased a new stake in shares of Wells Fargo & Co during the fourth quarter worth about $128,000. Integrated Wealth Counsel LLC boosted its stake in shares of Wells Fargo & Co by 17.8% in the third quarter. Integrated Wealth Counsel LLC now owns 2,408 shares of the financial services provider’s stock worth $107,000 after buying an additional 363 shares during the last quarter. Coconut Grove Bank boosted its stake in shares of Wells Fargo & Co by 54.9% in the third quarter. Coconut Grove Bank now owns 2,538 shares of the financial services provider’s stock worth $112,000 after buying an additional 900 shares during the last quarter. Finally, Cable Hill Partners LLC boosted its stake in shares of Wells Fargo & Co by 10.5% in the third quarter. Cable Hill Partners LLC now owns 2,594 shares of the financial services provider’s stock worth $117,000 after buying an additional 247 shares during the last quarter. 73.25% of the stock is owned by hedge funds and other institutional investors.

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

Wells Fargo & Co (NYSE:WFC) opened at 55.39 on Tuesday. The company has a market cap of $277.14 billion, a PE ratio of 13.88 and a beta of 0.98. The company’s 50-day moving average price is $57.72 and its 200 day moving average price is $52.52. Wells Fargo & Co has a 52 week low of $43.55 and a 52 week high of $59.99.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, January 13th. The financial services provider reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. The company had revenue of $21.60 billion for the quarter. Wells Fargo & Co had a return on equity of 12.60% and a net margin of 23.30%. Wells Fargo & Co’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. On average, analysts anticipate that Wells Fargo & Co will post $4.20 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 3rd were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, February 1st. This represents a $1.52 annualized dividend and a dividend yield of 2.74%. Wells Fargo & Co’s dividend payout ratio (DPR) is presently 38.10%.

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WFC has been the subject of a number of research reports. Deutsche Bank AG boosted their price target on Wells Fargo & Co from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, November 30th. Zacks Investment Research lowered Wells Fargo & Co from a “buy” rating to a “hold” rating in a research report on Saturday, December 31st. Vetr lowered Wells Fargo & Co from a “sell” rating to a “strong sell” rating and set a $48.64 price target on the stock. in a research report on Monday, December 26th. Instinet reissued a “buy” rating and set a $51.00 price target on shares of Wells Fargo & Co in a research report on Wednesday, January 11th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $52.00 price target on shares of Wells Fargo & Co in a research report on Wednesday, January 11th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $53.30.

In related news, insider David M. Carroll sold 117,704 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $59.02, for a total transaction of $6,946,890.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by company insiders.

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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