Compagnie Lombard Odier SCmA Sells 4,000 Shares of Wells Fargo & Company (NYSE:WFC)

Compagnie Lombard Odier SCmA cut its stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 39.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,250 shares of the financial services provider's stock after selling 4,000 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Wells Fargo & Company were worth $439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WFC. Vontobel Holding Ltd. increased its holdings in shares of Wells Fargo & Company by 106.8% during the third quarter. Vontobel Holding Ltd. now owns 48,233 shares of the financial services provider's stock valued at $2,725,000 after acquiring an additional 24,911 shares in the last quarter. B.O.S.S. Retirement Advisors LLC bought a new position in shares of Wells Fargo & Company during the third quarter valued at $452,000. Hengehold Capital Management LLC bought a new position in shares of Wells Fargo & Company during the third quarter valued at $260,000. Good Life Advisors LLC increased its holdings in shares of Wells Fargo & Company by 5.7% during the third quarter. Good Life Advisors LLC now owns 11,797 shares of the financial services provider's stock valued at $666,000 after acquiring an additional 637 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Wells Fargo & Company by 2.5% during the third quarter. Global Retirement Partners LLC now owns 59,847 shares of the financial services provider's stock valued at $3,381,000 after acquiring an additional 1,434 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on WFC. The Goldman Sachs Group lifted their price objective on Wells Fargo & Company from $72.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Keefe, Bruyette & Woods lifted their price objective on Wells Fargo & Company from $81.00 to $86.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Evercore ISI lifted their price objective on Wells Fargo & Company from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Morgan Stanley lifted their price objective on Wells Fargo & Company from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, Citigroup lifted their price objective on Wells Fargo & Company from $67.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $73.39.

Wells Fargo & Company Stock Performance

Shares of WFC stock traded up $0.73 during trading hours on Tuesday, reaching $80.71. 15,122,030 shares of the company traded hands, compared to its average volume of 15,056,220. Wells Fargo & Company has a 12-month low of $50.15 and a 12-month high of $81.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market cap of $268.72 billion, a P/E ratio of 15.00, a P/E/G ratio of 1.22 and a beta of 1.18. The firm has a 50-day moving average price of $74.55 and a 200 day moving average price of $66.35.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm had revenue of $20.38 billion for the quarter, compared to analysts' expectations of $20.58 billion. During the same period in the previous year, the firm earned $0.86 EPS. The business's quarterly revenue was down .5% on a year-over-year basis. As a group, sell-side analysts predict that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. Wells Fargo & Company's payout ratio is currently 29.74%.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.