Knights of Columbus Asset Advisors LLC Has $10.29 Million Stake in Wells Fargo & Company (NYSE:WFC)

Knights of Columbus Asset Advisors LLC lifted its stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 8.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 208,965 shares of the financial services provider's stock after acquiring an additional 16,934 shares during the period. Wells Fargo & Company makes up 0.7% of Knights of Columbus Asset Advisors LLC's investment portfolio, making the stock its 21st biggest position. Knights of Columbus Asset Advisors LLC's holdings in Wells Fargo & Company were worth $10,285,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Wells Fargo & Company in the 4th quarter worth about $2,049,693,000. Northern Trust Corp grew its position in Wells Fargo & Company by 0.3% during the third quarter. Northern Trust Corp now owns 38,197,624 shares of the financial services provider's stock valued at $1,560,755,000 after acquiring an additional 129,300 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Wells Fargo & Company by 129,312.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 26,287,479 shares of the financial services provider's stock valued at $1,085,410,000 after acquiring an additional 26,267,166 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Wells Fargo & Company by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 21,901,706 shares of the financial services provider's stock worth $1,061,357,000 after acquiring an additional 64,080 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of Wells Fargo & Company by 1.9% in the 3rd quarter. Pzena Investment Management LLC now owns 18,269,318 shares of the financial services provider's stock worth $746,484,000 after acquiring an additional 335,560 shares during the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $51.00 price target on shares of Wells Fargo & Company in a research note on Tuesday, January 9th. Barclays lifted their price objective on Wells Fargo & Company from $54.00 to $66.00 and gave the stock an "overweight" rating in a report on Tuesday, January 2nd. Robert W. Baird reissued a "neutral" rating and issued a $55.00 target price on shares of Wells Fargo & Company in a report on Monday, January 8th. Oppenheimer reissued a "market perform" rating on shares of Wells Fargo & Company in a report on Monday. Finally, Citigroup reiterated a "neutral" rating and set a $63.00 price objective (up previously from $57.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 20th. Thirteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Wells Fargo & Company currently has an average rating of "Hold" and an average target price of $58.85.

Wells Fargo & Company Trading Up 2.7 %

Shares of WFC stock traded up $1.61 on Friday, reaching $60.36. 34,331,115 shares of the company's stock were exchanged, compared to its average volume of 18,978,080. The company's fifty day simple moving average is $55.63 and its 200 day simple moving average is $48.68. Wells Fargo & Company has a 52 week low of $36.40 and a 52 week high of $60.85. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $213.68 billion, a PE ratio of 12.66, a P/E/G ratio of 1.11 and a beta of 1.19.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its earnings results on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. The business had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The company's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. As a group, analysts forecast that Wells Fargo & Company will post 5.04 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 2nd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.40 annualized dividend and a dividend yield of 2.32%. Wells Fargo & Company's dividend payout ratio is currently 29.23%.

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.