Robeco Institutional Asset Management B.V. Has $38.05 Million Stock Position in Wells Fargo & Company (NYSE:WFC)

Robeco Institutional Asset Management B.V. grew its position in Wells Fargo & Company (NYSE:WFC - Free Report) by 39.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 529,952 shares of the financial services provider's stock after buying an additional 151,108 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Wells Fargo & Company were worth $38,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WFC. Brighton Jones LLC grew its holdings in shares of Wells Fargo & Company by 62.3% in the 4th quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider's stock valued at $4,652,000 after buying an additional 25,436 shares during the period. Bryn Mawr Capital Management LLC boosted its stake in Wells Fargo & Company by 8.4% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 3,854 shares of the financial services provider's stock worth $271,000 after purchasing an additional 299 shares during the period. Whipplewood Advisors LLC acquired a new position in Wells Fargo & Company in the 4th quarter worth $56,000. Nwam LLC boosted its stake in Wells Fargo & Company by 58.3% in the 4th quarter. Nwam LLC now owns 8,664 shares of the financial services provider's stock worth $609,000 after purchasing an additional 3,191 shares during the period. Finally, Convergence Financial LLC acquired a new position in Wells Fargo & Company in the 4th quarter worth $212,000. Institutional investors and hedge funds own 75.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WFC shares. JPMorgan Chase & Co. reduced their target price on shares of Wells Fargo & Company from $82.00 to $73.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Royal Bank Of Canada raised shares of Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Thursday, March 13th. Barclays reduced their target price on shares of Wells Fargo & Company from $92.00 to $87.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Piper Sandler reaffirmed an "overweight" rating and issued a $85.00 target price (up from $75.00) on shares of Wells Fargo & Company in a research note on Wednesday, June 4th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Wells Fargo & Company in a research note on Wednesday, June 18th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Wells Fargo & Company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.98.

Wells Fargo & Company Trading Down 0.7%

Shares of NYSE:WFC opened at $79.42 on Friday. Wells Fargo & Company has a 52-week low of $50.15 and a 52-week high of $81.50. The company has a market capitalization of $258.44 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. The company has a 50-day simple moving average of $73.88 and a 200 day simple moving average of $73.06. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.84 and a current ratio of 0.84.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.16. Wells Fargo & Company had a net margin of 16.19% and a return on equity of 12.15%. The business had revenue of $20.15 billion during the quarter, compared to the consensus estimate of $20.82 billion. During the same period last year, the business posted $1.20 EPS. Wells Fargo & Company's revenue was down 3.4% on a year-over-year basis. Sell-side analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Friday, May 9th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.60 annualized dividend and a yield of 2.01%. Wells Fargo & Company's dividend payout ratio is currently 28.73%.

Wells Fargo & Company declared that its board has authorized a stock buyback plan on Tuesday, April 29th that authorizes the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 17.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Wells Fargo & 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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