Crossmark Global Holdings Inc. Buys 28,696 Shares of Wells Fargo & Company $WFC

Crossmark Global Holdings Inc. increased its stake in shares of Wells Fargo & Company (NYSE:WFC) by 6.0% during the third quarter, HoldingsChannel.com reports. The fund owned 508,959 shares of the financial services provider’s stock after purchasing an additional 28,696 shares during the period. Wells Fargo & Company makes up 0.6% of Crossmark Global Holdings Inc.’s holdings, making the stock its 20th largest position. Crossmark Global Holdings Inc.’s holdings in Wells Fargo & Company were worth $42,661,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Main Street Group LTD grew its holdings in Wells Fargo & Company by 36.9% during the third quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 118 shares during the last quarter. D Orazio & Associates Inc. lifted its stake in shares of Wells Fargo & Company by 3.6% in the third quarter. D Orazio & Associates Inc. now owns 3,436 shares of the financial services provider’s stock worth $288,000 after buying an additional 118 shares during the last quarter. Stonebrook Private Inc. boosted its holdings in shares of Wells Fargo & Company by 2.7% during the 3rd quarter. Stonebrook Private Inc. now owns 4,511 shares of the financial services provider’s stock worth $378,000 after buying an additional 118 shares during the period. Hidden Cove Wealth Management LLC boosted its holdings in shares of Wells Fargo & Company by 2.0% during the 3rd quarter. Hidden Cove Wealth Management LLC now owns 5,948 shares of the financial services provider’s stock worth $499,000 after buying an additional 119 shares during the period. Finally, Weaver Consulting Group grew its stake in Wells Fargo & Company by 1.6% in the 3rd quarter. Weaver Consulting Group now owns 7,441 shares of the financial services provider’s stock valued at $624,000 after buying an additional 119 shares during the last quarter. 75.90% of the stock is owned by institutional investors.

More Wells Fargo & Company News

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

• Positive Sentiment: Baird raised its rating on WFC to Neutral and set an $85 price target, saying recent weakness makes the stock’s valuation more realistic and reduces downside risk. Baird Sees Reduced Downside Risk for Wells Fargo & Company (WFC), Rating Raised to Neutral
• Neutral Sentiment: News summaries note WFC is trading higher today, reflecting the market response to the items below. Wells Fargo (WFC) Rises Higher Than Market: Key Facts
• Neutral Sentiment: Wells Fargo’s research desk remains active — recent calls include an upgrade on Qualcomm and buy recommendations around large-cap tech (e.g., Nvidia) and cybersecurity names — which supports the bank’s franchise visibility but is indirect for WFC equity performance. Could Qualcomm Stock Be the Best Data Center Investment Here? Buy Nvidia Shares Ahead of GTC, Says Wells Fargo
• Neutral Sentiment: Wells Fargo initiated coverage and bullish targets on other tech/security names (e.g., Zscaler) and highlighted beaten-down cybersecurity stocks as potential rebound candidates — signals of active research flow rather than direct corporate drivers for WFC. Wells Fargo Calls Zscaler (ZS) Stock a Buy Near 52-Week Lows Wells Fargo Says These 2 Beaten-Down Cybersecurity Stocks Could Rebound to $200
• Neutral Sentiment: Corporate and community moves (e.g., a $200,000 grant to the Idaho FFA Foundation) are positive for reputation and ESG storytelling but have limited near-term market impact. Idaho FFA Foundation Receives $200,000 From Wells Fargo Supporting Grants for Idaho FFA Members
• Negative Sentiment: Technical and valuation headwinds remain — WFC is trading below its 50-day moving average (near-term resistance) and still under its 52-week high, which could limit follow-through upside unless earnings/forward outlooks improve.

Wells Fargo & Company Stock Performance

NYSE WFC opened at $83.93 on Thursday. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The stock has a market cap of $258.98 billion, a P/E ratio of 13.39, a PEG ratio of 0.90 and a beta of 1.08. The company’s 50-day simple moving average is $90.02 and its 200 day simple moving average is $86.55.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating 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 company had revenue of $21.29 billion for the quarter, compared to analyst estimates of $21.63 billion. During the same period in the prior year, the company posted $1.43 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. As a group, research analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, February 6th. Wells Fargo & Company’s payout ratio is currently 28.71%.

Insider Activity

In other Wells Fargo & Company news, EVP Bridget E. Engle sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.10, for a total value of $2,613,000.00. Following the transaction, the executive vice president directly owned 83,478 shares in the company, valued at $7,270,933.80. The trade was a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ellen R. Patterson sold 60,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the sale, the executive vice president directly owned 169,496 shares in the company, valued at $14,813,950.40. This represents a 26.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 115,000 shares of company stock worth $10,050,000. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on WFC. Barclays upped their price target on shares of Wells Fargo & Company from $94.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Freedom Capital lowered Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Wolfe Research reaffirmed an “outperform” rating and issued a $109.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. HSBC reissued a “hold” rating and issued a $74.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Finally, Evercore lowered their price objective on shares of Wells Fargo & Company from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.03.

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.