Princeton Global Asset Management LLC Purchases 25,169 Shares of Wells Fargo & Company $WFC

Princeton Global Asset Management LLC raised its position in shares of Wells Fargo & Company (NYSE:WFC) by 5,043.9% during the 3rd quarter, Holdings Channel reports. The fund owned 25,668 shares of the financial services provider’s stock after purchasing an additional 25,169 shares during the period. Princeton Global Asset Management LLC’s holdings in Wells Fargo & Company were worth $2,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WFC. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Wells Fargo & Company by 2,735,254.3% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 949,769,723 shares of the financial services provider’s stock valued at $76,095,550,000 after purchasing an additional 949,735,001 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Wells Fargo & Company by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 302,092,955 shares of the financial services provider’s stock valued at $24,203,688,000 after buying an additional 1,341,222 shares in the last quarter. Norges Bank bought a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $3,990,551,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Wells Fargo & Company by 54.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,635,681 shares of the financial services provider’s stock valued at $1,332,851,000 after acquiring an additional 5,894,747 shares during the last quarter. Finally, Amundi grew its position in Wells Fargo & Company by 18.2% in the second quarter. Amundi now owns 14,155,753 shares of the financial services provider’s stock worth $1,165,868,000 after acquiring an additional 2,180,693 shares in the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wells Fargo & Company News Summary

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on WFC to $101, signaling analyst confidence in earnings/valuation upside. Keefe, Bruyette & Woods Increases Wells Fargo & Company (NYSE:WFC) Price Target to $101.00
• Positive Sentiment: WSJ reports Wells Fargo’s investment banking franchise is having a best-ever year, boosting fee pipeline and potential higher non-interest income. Strong deal flow is a positive revenue catalyst. Wells Fargo’s Investment Bankers Are Having Their Best Year Ever
• Positive Sentiment: Ares Commercial expanded a Wells Fargo repurchase lending facility, which could generate incremental lending activity and fee revenue tied to repo operations. Ares Commercial Expands Wells Fargo Repurchase Lending Facility
• Neutral Sentiment: Senator Mitch McConnell disclosed a purchase of WFC shares in a STOCK Act filing — notable for optics and retail attention but not a direct company operational signal. Congress Trade: Senator Mitch McConnell Just Disclosed New Stock Trades
• Neutral Sentiment: Elevated investor attention and options activity point to higher short-term volatility and positioning; useful to monitor flows but ambiguous for direction. Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
• Neutral Sentiment: Benzinga pieces on short interest and options trading provide detail on bearish positioning and derivatives flows—important for traders but not definitive on fundamentals. Looking Into Wells Fargo & Co’s Recent Short Interest Unpacking the Latest Options Trading Trends in Wells Fargo
• Negative Sentiment: Wells Fargo disclosed an SEC investigation into its cash sweeps option—this is the most material near-term risk cited today because regulatory findings could lead to fines, remediation costs, or reputational damage. Wells Fargo discloses an SEC investigation into cash sweeps option
• Negative Sentiment: Market-note: a recent Zacks story highlights a modest intraday price drop and short-term weakness despite broader market gains, underscoring near-term volatility. Wells Fargo (WFC) Stock Drops Despite Market Gains: Important Facts to Note

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock opened at $93.03 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.07. The stock’s fifty day moving average is $86.77 and its two-hundred day moving average is $82.32. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $94.26. The company has a market capitalization of $292.03 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Tuesday, October 14th. The financial services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.18. The business had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.11 billion. Wells Fargo & Company had a return on equity of 12.51% and a net margin of 17.18%.The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share. As a group, analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, November 7th. Wells Fargo & Company’s payout ratio is 29.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WFC shares. TD Cowen upped their price objective on Wells Fargo & Company from $90.00 to $93.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Evercore ISI increased their price target on Wells Fargo & Company from $101.00 to $107.00 and gave the company an “outperform” rating in a report on Monday. UBS Group lowered their price target on Wells Fargo & Company from $95.00 to $93.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Morgan Stanley boosted their price objective on shares of Wells Fargo & Company from $95.00 to $97.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Finally, Wall Street Zen raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.04.

Wells Fargo & 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.