Triglav Investments D.O.O. Invests $6.54 Million in Wells Fargo & Company $WFC

Triglav Investments D.O.O. purchased a new position in Wells Fargo & Company (NYSE:WFC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 78,000 shares of the financial services provider’s stock, valued at approximately $6,538,000.

A number of other large investors have also added to or reduced their stakes in WFC. Access Investment Management LLC purchased a new position in shares of Wells Fargo & Company in the 2nd quarter worth about $25,000. McElhenny Sheffield Capital Management LLC bought a new stake in Wells Fargo & Company during the 2nd quarter valued at about $27,000. Marquette Asset Management LLC increased its stake in Wells Fargo & Company by 472.4% during the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in Wells Fargo & Company in the third quarter worth about $30,000. Finally, Kilter Group LLC bought a new position in shares of Wells Fargo & Company in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WFC shares. Freedom Capital downgraded shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. HSBC reiterated a “hold” rating and set a $74.00 target price on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Dbs Bank upgraded Wells Fargo & Company to a “moderate buy” rating in a research note on Tuesday, October 21st. Evercore ISI lowered their price target on Wells Fargo & Company from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Finally, CICC Research initiated coverage on Wells Fargo & Company in a research report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Wells Fargo & Company currently has an average rating of “Moderate Buy” and a consensus price target of $95.92.

Wells Fargo & Company Trading Up 0.9%

Shares of Wells Fargo & Company stock opened at $93.11 on Thursday. Wells Fargo & Company has a 1-year low of $58.42 and a 1-year high of $97.76. The company’s fifty day simple moving average is $91.35 and its 200-day simple moving average is $85.52. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.84. The stock has a market capitalization of $292.28 billion, a PE ratio of 14.85, a P/E/G ratio of 1.01 and a beta of 1.09.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The firm had revenue of $11.97 billion during the quarter, compared to analyst estimates of $21.63 billion. During the same period in the prior year, the business posted $1.43 EPS. Wells Fargo & Company’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.9%. Wells Fargo & Company’s dividend payout ratio (DPR) is 28.71%.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.