Wells Fargo & Co (WFC) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in Wells Fargo & Co (NYSE:WFC) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,819,064 shares of the financial services provider’s stock after buying an additional 143,735 shares during the quarter. Toronto Dominion Bank’s holdings in Wells Fargo & Co were worth $100,322,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Wells Fargo & Co by 0.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 6 shares during the period. Winch Advisory Services LLC increased its holdings in shares of Wells Fargo & Co by 0.7% in the second quarter. Winch Advisory Services LLC now owns 2,776 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 20 shares during the period. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Wells Fargo & Co by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,954 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 26 shares during the period. Financial Advisory Group increased its holdings in shares of Wells Fargo & Co by 0.7% in the second quarter. Financial Advisory Group now owns 5,029 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 35 shares during the period. Finally, Financial Advisory Service Inc. increased its holdings in shares of Wells Fargo & Co by 0.6% in the second quarter. Financial Advisory Service Inc. now owns 7,067 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 42 shares during the period. Institutional investors own 75.71% of the company’s stock.

Several analysts recently commented on WFC shares. BMO Capital Markets reaffirmed a “hold” rating and set a $59.00 target price on shares of Wells Fargo & Co in a report on Thursday, January 4th. Atlantic Securities raised Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 target price on the stock in a report on Wednesday, January 10th. Vining Sparks reaffirmed a “buy” rating and set a $75.00 target price on shares of Wells Fargo & Co in a report on Monday, January 8th. Vetr lowered Wells Fargo & Co from a “strong-buy” rating to a “sell” rating and set a $55.47 target price on the stock. in a report on Monday, January 8th. Finally, Sandler O’Neill raised Wells Fargo & Co from a “hold” rating to a “buy” rating and raised their target price for the stock from $62.04 to $73.00 in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $60.89.

In other news, insider Michael J. Loughlin sold 17,482 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $57.80, for a total value of $1,010,459.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John R. Shrewsberry sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.90, for a total value of $3,983,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,482 shares of company stock worth $10,471,050. Company insiders own 0.22% of the company’s stock.

Shares of Wells Fargo & Co (NYSE:WFC) opened at $62.55 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.90 and a quick ratio of 0.88. Wells Fargo & Co has a 1-year low of $49.27 and a 1-year high of $63.67. The company has a market capitalization of $308,240.00, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.07). Wells Fargo & Co had a net margin of 22.57% and a return on equity of 12.24%. The business had revenue of $22.05 billion during the quarter, compared to analyst estimates of $22.64 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. equities research analysts anticipate that Wells Fargo & Co will post 4.68 EPS for the current year.

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Wells Fargo & Co 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 & Co (NYSE:WFC)

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