Green Square Capital LLC Has $2,883,000 Position in Wells Fargo & Company (WFC)

Green Square Capital LLC raised its stake in Wells Fargo & Company (NYSE:WFC) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 65,104 shares of the financial services provider’s stock after buying an additional 1,004 shares during the period. Green Square Capital LLC’s holdings in Wells Fargo & Company were worth $2,883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sigma Planning Corp raised its position in shares of Wells Fargo & Company by 4.4% in the second quarter. Sigma Planning Corp now owns 46,318 shares of the financial services provider’s stock valued at $2,192,000 after buying an additional 1,947 shares during the last quarter. RNC Capital Management LLC raised its position in shares of Wells Fargo & Company by 0.4% in the second quarter. RNC Capital Management LLC now owns 800,527 shares of the financial services provider’s stock valued at $37,889,000 after buying an additional 3,534 shares during the last quarter. Trust Co. of Toledo NA OH raised its position in shares of Wells Fargo & Company by 9.9% in the second quarter. Trust Co. of Toledo NA OH now owns 77,264 shares of the financial services provider’s stock valued at $3,657,000 after buying an additional 6,953 shares during the last quarter. Excalibur Management Corp raised its position in shares of Wells Fargo & Company by 25.0% in the second quarter. Excalibur Management Corp now owns 10,064 shares of the financial services provider’s stock valued at $476,000 after buying an additional 2,010 shares during the last quarter. Finally, Shell Asset Management Co. raised its position in shares of Wells Fargo & Company by 7.9% in the second quarter. Shell Asset Management Co. now owns 897,605 shares of the financial services provider’s stock valued at $42,484,000 after buying an additional 65,953 shares during the last quarter. 73.60% of the stock is owned by institutional investors.

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

Wells Fargo & Company (NYSE:WFC) traded up 0.23% on Friday, hitting $56.86. The stock had a trading volume of 12,268,103 shares. Wells Fargo & Company has a 52-week low of $43.55 and a 52-week high of $58.02. The company has a 50 day moving average price of $55.56 and a 200-day moving average price of $50.51. The company has a market cap of $285.22 billion, a price-to-earnings ratio of 14.25 and a beta of 0.98.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Friday, January 13th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. Wells Fargo & Company had a net margin of 23.30% and a return on equity of 12.60%. The business had revenue of $21.60 billion for the quarter. During the same quarter in the prior year, the company earned $1.03 earnings per share. Wells Fargo & Company’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts predict that Wells Fargo & Company will post $4.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Friday, February 3rd will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.67%. The ex-dividend date is Wednesday, February 1st. Wells Fargo & Company’s dividend payout ratio is currently 38.10%.

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WFC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered Wells Fargo & Company from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $57.00 to $48.00 in a report on Monday, October 17th. BMO Capital Markets raised Wells Fargo & Company from an “underperform” rating to a “market perform” rating in a research note on Monday, October 17th. They noted that the move was a valuation call. Barclays PLC reaffirmed an “outperform” rating and issued a $56.00 target price (down previously from $58.00) on shares of Wells Fargo & Company in a research note on Tuesday, October 18th. Macquarie reaffirmed an “underperform” rating on shares of Wells Fargo & Company in a research note on Tuesday, October 18th. Finally, FBR & Co lowered Wells Fargo & Company from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $50.00 to $45.00 in a research note on Wednesday, October 19th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company. Wells Fargo & Company currently has a consensus rating of “Hold” and an average price target of $53.11.

About Wells Fargo & Company

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

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).

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