Rothschild & Co Wealth Management UK Ltd Has $422.58 Million Stake in Wells Fargo & Co (NYSE:WFC)

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Rothschild & Co Wealth Management UK Ltd cut its position in shares of Wells Fargo & Co (NYSE:WFC) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,377,940 shares of the financial services provider’s stock after selling 33,966 shares during the period. Wells Fargo & Co accounts for 10.5% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 3rd largest holding. Rothschild & Co Wealth Management UK Ltd owned 0.20% of Wells Fargo & Co worth $422,583,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WFC. Nuveen Asset Management LLC grew its holdings in Wells Fargo & Co by 10,041.9% during the second quarter. Nuveen Asset Management LLC now owns 20,960,596 shares of the financial services provider’s stock worth $991,856,000 after purchasing an additional 20,753,922 shares during the period. AQR Capital Management LLC boosted its stake in shares of Wells Fargo & Co by 216.1% during the 2nd quarter. AQR Capital Management LLC now owns 7,564,725 shares of the financial services provider’s stock worth $357,963,000 after acquiring an additional 5,171,498 shares during the period. Longview Partners Guernsey LTD boosted its stake in shares of Wells Fargo & Co by 24.2% during the 2nd quarter. Longview Partners Guernsey LTD now owns 26,122,688 shares of the financial services provider’s stock worth $1,236,126,000 after acquiring an additional 5,090,670 shares during the period. Primecap Management Co. CA increased its holdings in shares of Wells Fargo & Co by 10.0% during the 2nd quarter. Primecap Management Co. CA now owns 50,564,911 shares of the financial services provider’s stock worth $2,392,732,000 after acquiring an additional 4,600,225 shares during the last quarter. Finally, LLBH Private Wealth Management LLC increased its holdings in shares of Wells Fargo & Co by 38,577.6% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 3,950,921 shares of the financial services provider’s stock worth $527,000 after acquiring an additional 3,940,706 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors.

Shares of WFC stock traded down $1.24 on Tuesday, hitting $52.38. The company’s stock had a trading volume of 8,730,717 shares, compared to its average volume of 15,629,112. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.85 and a current ratio of 0.86. The stock’s 50 day moving average is $52.62 and its 200-day moving average is $48.34. Wells Fargo & Co has a fifty-two week low of $43.02 and a fifty-two week high of $55.04. The company has a market capitalization of $230.33 billion, a PE ratio of 11.96, a PEG ratio of 1.13 and a beta of 1.12.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.23). Wells Fargo & Co had a return on equity of 13.01% and a net margin of 21.67%. The business had revenue of $22.01 billion during the quarter, compared to analyst estimates of $21.32 billion. During the same quarter last year, the firm earned $1.13 EPS. Wells Fargo & Co’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts forecast that Wells Fargo & Co will post 4.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 8th were given a $0.51 dividend. The ex-dividend date was Thursday, November 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.89%. Wells Fargo & Co’s payout ratio is 46.58%.

WFC has been the topic of a number of research analyst reports. Odeon Capital Group cut Wells Fargo & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets reduced their price objective on shares of Wells Fargo & Co from $59.00 to $57.00 and set a “market perform” rating for the company in a research report on Wednesday, October 16th. Credit Suisse Group upped their price objective on shares of Wells Fargo & Co from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Morgan Stanley increased their price objective on shares of Wells Fargo & Co from $47.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. Finally, UBS Group cut shares of Wells Fargo & Co from a “buy” rating to a “neutral” rating and cut their target price for the stock from $51.00 to $49.00 in a research note on Tuesday, September 10th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Wells Fargo & Co presently has a consensus rating of “Hold” and an average target price of $49.75.

Wells Fargo & Co Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services.

Further Reading: Outstanding Shares and The Effect on Share Price

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

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