Compagnie Lombard Odier SCmA Has $14.17 Million Position in Wells Fargo & Co (WFC)

Compagnie Lombard Odier SCmA lowered its position in shares of Wells Fargo & Co (NYSE:WFC) by 9.7% in the 1st quarter, HoldingsChannel reports. The fund owned 270,341 shares of the financial services provider’s stock after selling 29,148 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Wells Fargo & Co were worth $14,168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. City Holding Co. grew its position in Wells Fargo & Co by 2.7% in the 4th quarter. City Holding Co. now owns 60,755 shares of the financial services provider’s stock worth $3,686,000 after purchasing an additional 1,596 shares during the period. Marathon Asset Management LLP grew its position in Wells Fargo & Co by 11.7% in the 4th quarter. Marathon Asset Management LLP now owns 2,002,942 shares of the financial services provider’s stock worth $121,536,000 after purchasing an additional 210,066 shares during the period. First National Trust Co grew its position in Wells Fargo & Co by 1.9% in the 4th quarter. First National Trust Co now owns 146,204 shares of the financial services provider’s stock worth $8,871,000 after purchasing an additional 2,719 shares during the period. Koshinski Asset Management Inc. grew its position in Wells Fargo & Co by 44.7% in the 4th quarter. Koshinski Asset Management Inc. now owns 17,660 shares of the financial services provider’s stock worth $1,071,000 after purchasing an additional 5,452 shares during the period. Finally, Coastline Trust Co grew its position in Wells Fargo & Co by 1.8% in the 4th quarter. Coastline Trust Co now owns 65,667 shares of the financial services provider’s stock worth $3,984,000 after purchasing an additional 1,130 shares during the period. 76.04% of the stock is owned by institutional investors.

Shares of WFC stock opened at $53.28 on Thursday. Wells Fargo & Co has a 1 year low of $49.27 and a 1 year high of $66.31. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.27. The firm has a market cap of $263.20 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 1.46 and a beta of 1.12.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Wells Fargo & Co had a net margin of 22.80% and a return on equity of 12.46%. The firm had revenue of $21.93 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. sell-side analysts forecast that Wells Fargo & Co will post 4.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 4th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Thursday, May 3rd. Wells Fargo & Co’s dividend payout ratio (DPR) is 37.96%.

In related news, EVP Petros G. Pelos sold 25,567 shares of Wells Fargo & Co stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $54.76, for a total transaction of $1,400,048.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by insiders.

A number of equities research analysts have commented on WFC shares. Zacks Investment Research downgraded shares of Wells Fargo & Co from a “hold” rating to a “sell” rating in a research report on Monday, April 9th. Keefe, Bruyette & Woods raised shares of Wells Fargo & Co to a “buy” rating in a research report on Monday, April 30th. Macquarie raised shares of Wells Fargo & Co from an “underperform” rating to an “outperform” rating in a research report on Monday, April 30th. Morgan Stanley cut their target price on shares of Wells Fargo & Co from $64.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, April 16th. Finally, Susquehanna Bancshares set a $54.00 target price on shares of Wells Fargo & Co and gave the stock a “hold” rating in a research report on Friday, April 13th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. Wells Fargo & Co currently has an average rating of “Hold” and a consensus target price of $61.82.

Wells Fargo & Co Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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

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