Compagnie Lombard Odier SCmA Purchases 49,319 Shares of Wells Fargo & Company (WFC)

Compagnie Lombard Odier SCmA grew its position in shares of Wells Fargo & Company (NYSE:WFC) by 20.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 290,190 shares of the financial services provider’s stock after purchasing an additional 49,319 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Wells Fargo & Company were worth $16,077,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in WFC. Rockland Trust Co. lifted its stake in shares of Wells Fargo & Company by 0.6% in the second quarter. Rockland Trust Co. now owns 316,530 shares of the financial services provider’s stock worth $17,539,000 after acquiring an additional 1,856 shares during the period. Heartland Advisors Inc. lifted its stake in shares of Wells Fargo & Company by 3.9% in the second quarter. Heartland Advisors Inc. now owns 272,548 shares of the financial services provider’s stock worth $15,102,000 after acquiring an additional 10,318 shares during the period. Kelman Lazarov Inc. lifted its stake in shares of Wells Fargo & Company by 6.0% in the second quarter. Kelman Lazarov Inc. now owns 64,172 shares of the financial services provider’s stock worth $3,556,000 after acquiring an additional 3,612 shares during the period. First Citizens Bank & Trust Co. lifted its stake in shares of Wells Fargo & Company by 4.7% in the second quarter. First Citizens Bank & Trust Co. now owns 103,269 shares of the financial services provider’s stock worth $5,722,000 after acquiring an additional 4,647 shares during the period. Finally, Viking Fund Management LLC lifted its stake in shares of Wells Fargo & Company by 3.7% in the second quarter. Viking Fund Management LLC now owns 56,000 shares of the financial services provider’s stock worth $3,103,000 after acquiring an additional 2,000 shares during the period. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Richard Levy sold 97,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total transaction of $5,477,590.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John R. Shrewsberry sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.90, for a total value of $3,983,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,482 shares of company stock valued at $10,471,050. Corporate insiders own 0.22% of the company’s stock.

A number of research firms recently commented on WFC. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Wells Fargo & Company in a research note on Wednesday, August 16th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Wells Fargo & Company in a research note on Wednesday, October 11th. Vetr raised Wells Fargo & Company from a “sell” rating to a “hold” rating and set a $54.49 price objective on the stock in a research note on Tuesday, October 24th. Vertical Group began coverage on Wells Fargo & Company in a research note on Friday, October 6th. They issued a “sell” rating on the stock. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $57.00 target price on shares of Wells Fargo & Company in a report on Tuesday, October 10th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.25.

Wells Fargo & Company (NYSE:WFC) traded down $0.05 during midday trading on Monday, hitting $59.31. The stock had a trading volume of 22,017,000 shares, compared to its average volume of 18,433,326. The company has a market capitalization of $292,057.91, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96. Wells Fargo & Company has a 52-week low of $49.27 and a 52-week high of $60.00. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.56 annualized dividend and a dividend yield of 2.63%. Wells Fargo & Company’s dividend payout ratio is 40.31%.

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About Wells Fargo & Company

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

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