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

APG Asset Management NV 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% in the third quarter, according to the most recent 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 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 SEC filing, which is available through this link . Also, VP Richard Levy sold 97,000 shares of Wells Fargo & Co 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 published 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 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 Wells Fargo & Co from a “strong-buy” rating to a “sell” rating of $ 55.47 target price for the company. in a research report on Monday, January 8th. Vining Sparks reiterated a “buy” rating and set at $ 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 at $ 59.00 target price on shares of Wells Fargo & Co in a research report on Thursday, January 4th. Four research analysts have rated the value of a credit rating, have issued a rating and have given a 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.

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