APG Asset Management N.V. Has $547.32 Million Stake in Wells Fargo & Co (WFC)

APG Asset Management N.V. increased its position in Wells Fargo & Co (NYSE:WFC) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,924,273 shares of the financial services provider’s stock after purchasing an additional 336,994 shares during the period. Wells Fargo & Co accounts for 0.9% of APG Asset Management N.V.’s portfolio, making the stock its 15th biggest position. APG Asset Management N.V. owned approximately 0.20% of Wells Fargo & Co worth $547,324,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Wells Fargo & Co by 1.2% in the second quarter. Vanguard Group Inc. now owns 314,755,460 shares of the financial services provider’s stock worth $17,440,601,000 after buying an additional 3,621,402 shares in the last quarter. Capital World Investors increased its position in Wells Fargo & Co by 10.8% in the second quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock worth $6,192,259,000 after buying an additional 10,927,679 shares in the last quarter. Capital Research Global Investors increased its position in Wells Fargo & Co by 19.7% in the second quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock worth $2,511,614,000 after buying an additional 7,445,414 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Wells Fargo & Co by 26.7% in the second quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock worth $1,653,464,000 after buying an additional 6,291,906 shares in the last quarter. Finally, Davis Selected Advisers increased its position in Wells Fargo & Co by 1.9% in the second quarter. Davis Selected Advisers now owns 25,966,811 shares of the financial services provider’s stock worth $1,438,821,000 after buying an additional 472,585 shares in the last quarter. 75.70% of the stock is currently owned by institutional investors.

In other news, insider John R. Shrewsberry sold 70,000 shares of Wells Fargo & Co stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total value of $3,983,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Richard Levy sold 97,000 shares of Wells Fargo & Co stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock worth $10,471,050 over the last quarter. Company insiders own 0.22% of the company’s stock.

Wells Fargo & Co (NYSE:WFC) traded down $0.45 on Friday, reaching $62.55. The company’s stock had a trading volume of 25,890,000 shares, compared to its average volume of 20,510,000. The stock has a market cap of $308,240.00, a P/E ratio of 16.16, a P/E/G ratio of 1.66 and a beta of 0.96. Wells Fargo & Co has a one year low of $49.27 and a one year high of $63.67. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89.

Wells Fargo & Co (NYSE:WFC) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.07). The firm had revenue of $22.05 billion for the quarter, compared to analysts’ expectations of $22.64 billion. Wells Fargo & Co had a return on equity of 12.59% and a net margin of 22.00%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. equities analysts anticipate that Wells Fargo & Co will post 3.98 EPS for the current year.

A number of analysts have commented on the company. Atlantic Securities upgraded Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 price target for the company in a research report on Wednesday. Sandler O’Neill upgraded Wells Fargo & Co from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.04 to $73.00 in a research report on Tuesday. Vetr cut Wells Fargo & Co from a “strong-buy” rating to a “sell” rating and set a $55.47 target price for the company. in a research report on Monday, January 8th. Vining Sparks reiterated a “buy” rating and set a $75.00 target price on shares of Wells Fargo & Co in a research report on Monday, January 8th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $59.00 target price on shares of Wells Fargo & Co in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company. Wells Fargo & Co presently has a consensus rating of “Hold” and a consensus target price of $61.02.

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Wells Fargo & Co Company Profile

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

Institutional Ownership by Quarter for Wells Fargo & Co (NYSE:WFC)

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