Triglav Investments D.O.O. Purchases Shares of 78,000 Wells Fargo & Company $WFC

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Wells Fargo & Company by 62.3% during the fourth quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider’s stock valued at $4,652,000 after acquiring an additional 25,436 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Wells Fargo & Company by 7.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 12,816 shares of the financial services provider’s stock valued at $1,027,000 after purchasing an additional 912 shares during the last quarter. Shell Asset Management Co. boosted its holdings in shares of Wells Fargo & Company by 43.2% during the 2nd quarter. Shell Asset Management Co. now owns 46,723 shares of the financial services provider’s stock valued at $3,743,000 after purchasing an additional 14,093 shares during the last quarter. Canopy Partners LLC grew its position in shares of Wells Fargo & Company by 2.1% during the second quarter. Canopy Partners LLC now owns 6,757 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 138 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Wells Fargo & Company by 2.5% in the second quarter. Venturi Wealth Management LLC now owns 8,633 shares of the financial services provider’s stock worth $692,000 after purchasing an additional 209 shares during the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WFC has been the subject of a number of research reports. Barclays increased their price target on Wells Fargo & Company from $94.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. HSBC reiterated a “hold” rating and set a $74.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their target price on shares of Wells Fargo & Company from $92.00 to $101.00 and gave the company a “market perform” rating in a report on Wednesday, December 17th. CICC Research assumed coverage on shares of Wells Fargo & Company in a research note on Wednesday, January 14th. They set a “market perform” rating and a $96.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of Wells Fargo & Company in a research report on Thursday, January 15th. Thirteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.92.

Wells Fargo & Company Trading Up 0.9%

WFC opened at $93.11 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90. The stock’s 50 day moving average price is $91.35 and its 200-day moving average price is $85.52. Wells Fargo & Company has a one year low of $58.42 and a one year high of $97.76. The stock has a market cap of $292.28 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.01 and a beta of 1.09.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $1.43 EPS. Wells Fargo & Company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

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