Wells Fargo & Company (WFC) Holdings Held by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC continued to hold its position in Wells Fargo & Company (NYSE:WFC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,517 shares of the financial services provider’s stock at the close of the 2nd quarter. Clear Harbor Asset Management LLC’s holdings in Wells Fargo & were worth $304,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners increased its stake in Wells Fargo & by 50.0% during the 1st quarter. Boston Partners now owns 7,948,841 shares of the financial services provider’s stock valued at $442,432,000 after purchasing an additional 2,648,763 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Wells Fargo & by 83.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,972,116 shares of the financial services provider’s stock valued at $443,728,000 after purchasing an additional 3,637,100 shares in the last quarter. Kelman Lazarov Inc. increased its stake in Wells Fargo & by 6.0% during the 2nd quarter. Kelman Lazarov Inc. now owns 64,172 shares of the financial services provider’s stock valued at $3,556,000 after purchasing an additional 3,612 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Wells Fargo & by 1.6% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,698,277 shares of the financial services provider’s stock valued at $150,186,000 after purchasing an additional 41,531 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA increased its stake in Wells Fargo & by 25.8% during the 2nd quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,307 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 75.19% of the company’s stock.

Wells Fargo & Company (NYSE:WFC) traded up 2.18% during midday trading on Monday, hitting $50.66. 8,163,335 shares of the stock traded hands. The firm has a market cap of $251.47 billion, a PE ratio of 12.48 and a beta of 0.96. The company’s 50 day moving average price is $52.34 and its 200 day moving average price is $54.22. Wells Fargo & Company has a 12 month low of $43.55 and a 12 month high of $59.99.

Wells Fargo & (NYSE:WFC) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.23 billion. Wells Fargo & had a return on equity of 12.65% and a net margin of 23.25%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS. Equities research analysts predict that Wells Fargo & Company will post $4.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.15%. This is an increase from Wells Fargo &’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 2nd. Wells Fargo &’s dividend payout ratio (DPR) is presently 38.42%.

Wells Fargo & announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 28th that allows the company to buyback $11.50 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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A number of research firms have weighed in on WFC. Deutsche Bank AG restated a “buy” rating on shares of Wells Fargo & in a research note on Monday, July 3rd. Zacks Investment Research upgraded shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Buckingham Research restated a “neutral” rating and set a $62.00 price objective (up from $60.00) on shares of Wells Fargo & in a research note on Monday, July 10th. Keefe, Bruyette & Woods restated an “overweight” rating on shares of Wells Fargo & in a research note on Thursday, July 13th. Finally, Instinet restated a “buy” rating and set a $64.00 price objective on shares of Wells Fargo & in a research note on Wednesday, July 12th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Wells Fargo & has a consensus rating of “Hold” and a consensus price target of $55.83.

Wells Fargo & 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 under three categories: personal, small business and commercial.

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

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