OneAscent Financial Services LLC Decreases Stock Position in Wells Fargo & Company $WFC

OneAscent Financial Services LLC decreased its stake in shares of Wells Fargo & Company (NYSE:WFC) by 54.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,758 shares of the financial services provider’s stock after selling 12,847 shares during the quarter. OneAscent Financial Services LLC’s holdings in Wells Fargo & Company were worth $902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. EWA LLC raised its stake in Wells Fargo & Company by 7.4% in the 3rd quarter. EWA LLC now owns 5,450 shares of the financial services provider’s stock worth $457,000 after acquiring an additional 375 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Wells Fargo & Company in the third quarter valued at about $8,596,000. First Citizens Bank & Trust Co. raised its stake in shares of Wells Fargo & Company by 3.4% in the third quarter. First Citizens Bank & Trust Co. now owns 29,212 shares of the financial services provider’s stock worth $2,449,000 after purchasing an additional 955 shares during the last quarter. Sawgrass Asset Management LLC lifted its holdings in shares of Wells Fargo & Company by 9.1% during the third quarter. Sawgrass Asset Management LLC now owns 7,570 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 630 shares during the period. Finally, Heritage Investment Group Inc. boosted its position in Wells Fargo & Company by 14.7% in the third quarter. Heritage Investment Group Inc. now owns 7,120 shares of the financial services provider’s stock valued at $597,000 after buying an additional 915 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo joined Lockheed Martin, PG&E and Salesforce to launch EMBERPOINT, an AI‑driven wildfire prevention, detection and response venture — a strategic, ESG‑relevant partnership that showcases the bank’s AI investment and could boost reputation and corporate client opportunities. Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo Launch EMBERPOINT™ to Transform America’s Wildfire Prevention, Detection and Response
• Positive Sentiment: Wells Fargo named former AWS executive Faraz Shafiq as Head of AI Products and Solutions (effective Feb. 9), reinforcing execution capability for bank‑wide AI initiatives that management is pitching as a growth and efficiency lever. Wells Fargo Appoints AWS Exec Faraz Shafiq as Head of AI Products and Solutions
• Neutral Sentiment: Wells Fargo’s research team has been active — recent notes include an upgrade of Broadcom and a maintained Overweight on Meta — which speaks to the bank’s visible analyst franchise but doesn’t directly change WFC’s own fundamentals. These research actions are informational rather than company catalysts. Wells Fargo Upgrades Broadcom (AVGO), Bernstein Keeps Outperform Rating
• Negative Sentiment: Analysts remain closely watching WFC after Q4 results: the bank reported an EPS beat but missed the top line, and TD Cowen trimmed its price target slightly — signals that while earnings power is intact, revenue growth and loan trends are being scrutinized. That keeps some downside risk on sentiment until clearer revenue momentum appears. Why Analysts Are Closely Watching Wells Fargo & Company (WFC)

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock opened at $88.07 on Tuesday. The business’s 50 day moving average price is $90.42 and its 200 day moving average price is $85.06. The company has a market cap of $276.46 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.95 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90. Wells Fargo & Company has a one year low of $58.42 and a one year high of $97.76.

Wells Fargo & Company (NYSE:WFC) last issued its 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. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. On average, research analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. TD Cowen reduced their price target on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, January 15th. Robert W. Baird cut shares of Wells Fargo & Company from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Bank of America boosted their target price on shares of Wells Fargo & Company from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Truist Financial cut their price target on Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Finally, Barclays upped their target price on Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Thirteen equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.87.

About Wells Fargo & Company

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.