Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $49.73 Million Stock Holdings in Wells Fargo & Company (NYSE:WFC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Wells Fargo & Company (NYSE:WFC - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 707,950 shares of the financial services provider's stock after selling 33,018 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Wells Fargo & Company were worth $49,726,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of Wells Fargo & Company by 10.1% in the 4th quarter. Nordea Investment Management AB now owns 6,284,421 shares of the financial services provider's stock valued at $441,983,000 after buying an additional 575,892 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Wells Fargo & Company by 730.4% during the third quarter. Two Sigma Advisers LP now owns 5,954,600 shares of the financial services provider's stock worth $336,375,000 after purchasing an additional 5,237,500 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Wells Fargo & Company by 158.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,709,659 shares of the financial services provider's stock valued at $153,069,000 after purchasing an additional 1,659,716 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Wells Fargo & Company by 14.1% in the 4th quarter. Teacher Retirement System of Texas now owns 2,229,521 shares of the financial services provider's stock valued at $156,602,000 after purchasing an additional 274,886 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in Wells Fargo & Company by 81.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,981,130 shares of the financial services provider's stock worth $111,914,000 after purchasing an additional 889,953 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages have recently commented on WFC. Morgan Stanley boosted their price target on Wells Fargo & Company from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Royal Bank of Canada raised shares of Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Thursday, March 13th. Citigroup lowered their price objective on shares of Wells Fargo & Company from $82.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday. UBS Group boosted their price target on shares of Wells Fargo & Company from $69.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods upped their target price on Wells Fargo & Company from $81.00 to $86.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.18.

Wells Fargo & Company Trading Up 2.4 %

Shares of WFC stock traded up $1.76 during trading hours on Monday, hitting $74.28. 10,685,753 shares of the company's stock traded hands, compared to its average volume of 16,418,551. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 12 month low of $50.15 and a 12 month high of $81.50. The stock has a market cap of $244.25 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. The stock's 50 day simple moving average is $76.03 and its 200 day simple moving average is $69.62.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $20.58 billion. During the same period last year, the company earned $0.86 EPS. Wells Fargo & Company's revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. Wells Fargo & Company's dividend payout ratio (DPR) is currently 29.74%.

About Wells Fargo & Company

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.