Healthcare of Ontario Pension Plan Trust Fund Boosts Holdings in Wells Fargo & Company (NYSE:WFC)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 39.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,339,800 shares of the financial services provider's stock after buying an additional 660,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.07% of Wells Fargo & Company worth $138,961,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WFC. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $26,000. Core Wealth Advisors Inc. purchased a new stake in shares of Wells Fargo & Company in the 4th quarter valued at approximately $25,000. Valued Wealth Advisors LLC increased its position in shares of Wells Fargo & Company by 53.7% in the 2nd quarter. Valued Wealth Advisors LLC now owns 630 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 220 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Wells Fargo & Company in the 4th quarter valued at approximately $32,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of Wells Fargo & Company in the 4th quarter valued at approximately $34,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wells Fargo & Company Stock Performance

NYSE:WFC traded down $0.32 during trading hours on Thursday, reaching $54.98. 8,052,885 shares of the company's stock were exchanged, compared to its average volume of 18,025,049. The company has a 50-day moving average of $55.43 and a 200 day moving average of $57.76. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $191.68 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 1.32 and a beta of 1.16. Wells Fargo & Company has a 1-year low of $38.38 and a 1-year high of $62.55.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. The business had revenue of $20.69 billion during the quarter, compared to the consensus estimate of $20.29 billion. Wells Fargo & Company had a net margin of 15.17% and a return on equity of 12.30%. The business's revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 EPS. Research analysts anticipate that Wells Fargo & Company will post 5.14 EPS for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Friday, August 9th were issued a dividend of $0.40 per share. This is an increase from Wells Fargo & Company's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 2.91%. The ex-dividend date was Friday, August 9th. Wells Fargo & Company's dividend payout ratio (DPR) is 32.85%.

Wall Street Analysts Forecast Growth

WFC has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on shares of Wells Fargo & Company from $68.00 to $67.00 and set an "overweight" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods dropped their target price on shares of Wells Fargo & Company from $62.00 to $61.00 and set a "market perform" rating on the stock in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft raised shares of Wells Fargo & Company from a "hold" rating to a "buy" rating and set a $65.00 target price on the stock in a research report on Tuesday, September 3rd. BMO Capital Markets increased their target price on shares of Wells Fargo & Company from $55.00 to $57.00 and gave the company a "market perform" rating in a research report on Thursday, July 11th. Finally, Evercore ISI increased their target price on shares of Wells Fargo & Company from $65.00 to $68.00 and gave the company an "outperform" rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Wells Fargo & Company has a consensus rating of "Hold" and a consensus target price of $60.41.

Wells Fargo & Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.