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Wells Fargo & Company $WFC Shares Purchased by Advisors Capital Management LLC
Advisors Capital Management LLC increased its stake in Wells Fargo & Company by 2.6% in the fourth quarter, bringing its total holdings to 612,384 shares valued at $57.07 million. Several other institutional investors also adjusted their positions in WFC. Wells Fargo reported strong Q4 earnings, beating estimates with $1.60 EPS, declared a $0.45 quarterly dividend, and holds a “Moderate Buy” average analyst rating with a $97.75 price target.