Wells Fargo & Co (WFC) Holdings Boosted by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 139.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,293 shares of the financial services provider’s stock after buying an additional 9,495 shares during the period. Wells Fargo & Co makes up approximately 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 27th largest holding. Fox Run Management L.L.C.’s holdings in Wells Fargo & Co were worth $856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Landaas & Co. WI ADV acquired a new stake in shares of Wells Fargo & Co in the 2nd quarter worth approximately $117,000. Stelac Advisory Services LLC grew its holdings in shares of Wells Fargo & Co by 99.3% in the 1st quarter. Stelac Advisory Services LLC now owns 3,581 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 1,784 shares during the period. Diligent Investors LLC acquired a new stake in shares of Wells Fargo & Co in the 2nd quarter worth approximately $200,000. Day & Ennis LLC acquired a new stake in shares of Wells Fargo & Co in the 2nd quarter worth approximately $202,000. Finally, Circle Wealth Management LLC acquired a new stake in shares of Wells Fargo & Co in the 2nd quarter worth approximately $203,000. Institutional investors own 77.57% of the company’s stock.

In other Wells Fargo & Co news, EVP Hope A. Hardison sold 25,000 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $58.01, for a total transaction of $1,450,250.00. Following the transaction, the executive vice president now owns 109 shares of the company’s stock, valued at approximately $6,323.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Avid Modjtabai sold 100,000 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $58.71, for a total value of $5,871,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

WFC has been the topic of a number of research reports. Edward Jones upgraded Wells Fargo & Co from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Macquarie cut Wells Fargo & Co from an “outperform” rating to a “neutral” rating in a report on Friday, September 7th. They noted that the move was a valuation call. UBS Group set a $63.00 target price on Wells Fargo & Co and gave the company a “buy” rating in a report on Friday, September 28th. Wolfe Research assumed coverage on Wells Fargo & Co in a report on Tuesday, September 25th. They set an “outperform” rating on the stock. Finally, Zacks Investment Research cut Wells Fargo & Co from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Wells Fargo & Co presently has a consensus rating of “Hold” and a consensus price target of $63.86.

Shares of Wells Fargo & Co stock opened at $53.19 on Monday. Wells Fargo & Co has a fifty-two week low of $50.26 and a fifty-two week high of $66.31. The firm has a market cap of $256.37 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.88.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings results on Friday, July 13th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). Wells Fargo & Co had a return on equity of 12.38% and a net margin of 22.03%. The business had revenue of $21.55 billion for the quarter, compared to analysts’ expectations of $21.52 billion. Analysts expect that Wells Fargo & Co will post 4.55 earnings per share for the current fiscal year.

About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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

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