Wells Fargo & Company (WFC) Holdings Held by EJF Capital LLC

EJF Capital LLC continued to hold its stake in shares of Wells Fargo & Company (NYSE:WFC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the financial services provider’s stock at the close of the 1st quarter. EJF Capital LLC’s holdings in Wells Fargo & were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Harris Associates L P grew its stake in Wells Fargo & by 1.2% during the first quarter. Harris Associates L P now owns 23,796,125 shares of the financial services provider’s stock worth $1,324,492,000 after buying an additional 286,710 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Wells Fargo & by 3.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 14,311,805 shares of the financial services provider’s stock valued at $796,596,000 after purchasing an additional 423,113 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Wells Fargo & by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,415,854 shares of the financial services provider’s stock valued at $746,726,000 after purchasing an additional 93,236 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Wells Fargo & by 49.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,713,557 shares of the financial services provider’s stock valued at $540,657,000 after purchasing an additional 3,214,592 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Wells Fargo & by 1.6% during the first quarter. AQR Capital Management LLC now owns 9,588,696 shares of the financial services provider’s stock valued at $533,707,000 after purchasing an additional 149,538 shares during the last quarter. 75.19% of the stock is currently owned by hedge funds and other institutional investors.

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Wells Fargo & Company (WFC) traded up 2.14% on Monday, reaching $50.64. 6,765,444 shares of the company were exchanged. The stock has a market capitalization of $251.37 billion, a P/E ratio of 12.47 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 released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.23 billion. Wells Fargo & had a net margin of 23.25% and a return on equity of 12.65%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 earnings per share. Equities research analysts anticipate that Wells Fargo & Company will post $4.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.56 annualized dividend and a yield of 3.15%. This is a boost from Wells Fargo &’s previous quarterly dividend of $0.38. Wells Fargo &’s payout ratio is 38.42%.

Wells Fargo & announced that its board has authorized a stock repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $11.50 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

WFC has been the topic of several research analyst reports. Keefe, Bruyette & Woods set a $61.00 price target on shares of Wells Fargo & and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Deutsche Bank AG reissued a “buy” rating on shares of Wells Fargo & in a research note on Monday, July 3rd. Robert W. Baird reissued a “buy” rating and set a $58.00 price target on shares of Wells Fargo & in a research note on Tuesday, September 5th. Finally, BidaskClub raised shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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.

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

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