Traveka Wealth LLC Has $344,000 Holdings in Wells Fargo & Company (NYSE:WFC)

Traveka Wealth LLC grew its holdings in Wells Fargo & Company (NYSE:WFC) by 23.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,895 shares of the financial services provider’s stock after acquiring an additional 920 shares during the quarter. Traveka Wealth LLC’s holdings in Wells Fargo & Company were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prosperity Consulting Group LLC raised its position in shares of Wells Fargo & Company by 7.5% during the second quarter. Prosperity Consulting Group LLC now owns 4,993 shares of the financial services provider’s stock valued at $297,000 after buying an additional 349 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Wells Fargo & Company during the second quarter worth $225,000. Rathbones Group PLC raised its holdings in shares of Wells Fargo & Company by 1.6% in the second quarter. Rathbones Group PLC now owns 109,885 shares of the financial services provider’s stock valued at $6,526,000 after buying an additional 1,762 shares during the last quarter. Marble Harbor Investment Counsel LLC lifted its position in Wells Fargo & Company by 1.2% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 125,168 shares of the financial services provider’s stock worth $7,434,000 after buying an additional 1,479 shares in the last quarter. Finally, Waycross Partners LLC grew its holdings in Wells Fargo & Company by 12.4% during the 2nd quarter. Waycross Partners LLC now owns 282,039 shares of the financial services provider’s stock worth $16,750,000 after acquiring an additional 31,033 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Insider Buying and Selling

In related news, EVP Ather Williams III sold 60,000 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $63.70, for a total transaction of $3,822,000.00. Following the completion of the transaction, the executive vice president now directly owns 163,610 shares in the company, valued at approximately $10,421,957. This trade represents a 26.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Wells Fargo & Company Stock Up 0.9 %

NYSE:WFC opened at $70.59 on Tuesday. The stock has a market cap of $235.03 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.47 and a beta of 1.18. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $72.27 and a two-hundred day moving average price of $63.07. Wells Fargo & Company has a 1 year low of $46.12 and a 1 year high of $78.13.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Friday, October 11th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. Wells Fargo & Company had a return on equity of 12.25% and a net margin of 14.43%. The business had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the prior year, the business earned $1.39 EPS. Wells Fargo & Company’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities analysts expect that Wells Fargo & Company will post 5.43 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 8th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, November 8th. Wells Fargo & Company’s dividend payout ratio is 33.26%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WFC shares. Evercore ISI boosted their target price on shares of Wells Fargo & Company from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. UBS Group upped their price objective on Wells Fargo & Company from $69.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Compass Point lifted their target price on Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Phillip Securities upgraded Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and boosted their target price for the stock from $60.83 to $65.00 in a research report on Tuesday, October 15th. Finally, Citigroup raised their price target on Wells Fargo & Company from $67.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Twelve research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and an average price target of $69.92.

Wells Fargo & Company Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.