Virginia Retirement Systems ET AL Has $66.38 Million Position in Wells Fargo & Company (WFC)

Virginia Retirement Systems ET AL increased its holdings in Wells Fargo & Company (NYSE:WFC) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,198,059 shares of the financial services provider’s stock after purchasing an additional 35,700 shares during the quarter. Wells Fargo & makes up 0.8% of Virginia Retirement Systems ET AL’s investment portfolio, making the stock its 17th biggest holding. Virginia Retirement Systems ET AL’s holdings in Wells Fargo & were worth $66,384,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Winch Advisory Services LLC grew its stake in shares of Wells Fargo & by 0.7% in the first quarter. Winch Advisory Services LLC now owns 2,756 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 18 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in shares of Wells Fargo & by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,928 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 24 shares during the last quarter. Keystone Financial Planning Inc. grew its stake in shares of Wells Fargo & by 0.6% in the first quarter. Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 39 shares during the last quarter. Financial Advisory Service Inc. grew its stake in shares of Wells Fargo & by 0.6% in the second quarter. Financial Advisory Service Inc. now owns 7,067 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 42 shares during the last quarter. Finally, Country Club Trust Company n.a. grew its stake in shares of Wells Fargo & by 0.3% in the second quarter. Country Club Trust Company n.a. now owns 16,742 shares of the financial services provider’s stock worth $927,000 after purchasing an additional 47 shares during the last quarter. 75.04% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on WFC. Vetr upgraded shares of Wells Fargo & from a “sell” rating to a “strong-buy” rating in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Wells Fargo & from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Wells Fargo & in a report on Wednesday, October 11th. Robert W. Baird restated a “buy” rating and issued a $58.00 target price on shares of Wells Fargo & in a report on Friday, October 6th. Finally, Citigroup Inc. restated a “buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of Wells Fargo & in a report on Monday, October 9th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $57.20.

Shares of Wells Fargo & Company (NYSE:WFC) opened at $53.81 on Friday. Wells Fargo & Company has a 52-week low of $49.27 and a 52-week high of $59.99. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89. The stock has a market cap of $265,910.09, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97.

Wells Fargo & (NYSE:WFC) last released its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.20). Wells Fargo & had a net margin of 22.00% and a return on equity of 12.59%. The company had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. equities analysts predict that Wells Fargo & Company will post 3.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, November 2nd. Wells Fargo &’s dividend payout ratio is currently 40.31%.

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About Wells Fargo &

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 & (NYSE:WFC)

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