Robeco Institutional Asset Management B.V. Has $26.61 Million Stock Position in Wells Fargo & Company (NYSE:WFC)

Robeco Institutional Asset Management B.V. lowered its position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 378,844 shares of the financial services provider's stock after selling 70,913 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Wells Fargo & Company were worth $26,610,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cardinal Capital Management Inc. lifted its holdings in shares of Wells Fargo & Company by 2.0% in the third quarter. Cardinal Capital Management Inc. now owns 575,419 shares of the financial services provider's stock valued at $32,505,000 after purchasing an additional 11,037 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Wells Fargo & Company by 37.2% during the third quarter. Rockefeller Capital Management L.P. now owns 638,233 shares of the financial services provider's stock valued at $36,055,000 after buying an additional 173,083 shares during the period. Atlantic Union Bankshares Corp lifted its stake in Wells Fargo & Company by 17.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 177,570 shares of the financial services provider's stock worth $10,031,000 after acquiring an additional 26,320 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in Wells Fargo & Company by 16.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 132,829 shares of the financial services provider's stock worth $7,504,000 after acquiring an additional 18,717 shares during the period. Finally, Argus Investors Counsel Inc. grew its stake in Wells Fargo & Company by 34.6% during the 3rd quarter. Argus Investors Counsel Inc. now owns 31,514 shares of the financial services provider's stock valued at $1,780,000 after acquiring an additional 8,107 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company's stock.

Wells Fargo & Company Stock Up 0.7 %

NYSE WFC opened at $78.89 on Friday. The stock has a fifty day moving average of $73.45 and a 200-day moving average of $64.48. The stock has a market capitalization of $262.67 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. Wells Fargo & Company has a 52 week low of $47.45 and a 52 week high of $79.24. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The business had revenue of $20.38 billion during the quarter, compared to analysts' expectations of $20.58 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The firm's quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Wells Fargo & Company will post 5.84 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 2.03%. Wells Fargo & Company's dividend payout ratio is currently 29.74%.

Wall Street Analysts Forecast Growth

WFC has been the topic of several research analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $61.00 price target on shares of Wells Fargo & Company in a report on Monday, October 14th. Wolfe Research raised shares of Wells Fargo & Company from a "peer perform" rating to an "outperform" rating and set a $65.00 price objective for the company in a report on Tuesday, October 8th. Citigroup upped their price target on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Barclays lifted their target price on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group raised their price objective on shares of Wells Fargo & Company from $72.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $73.39.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

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