Pitcairn Co. Has $3.18 Million Stake in Wells Fargo & Company $WFC

Pitcairn Co. lowered its holdings in Wells Fargo & Company (NYSE:WFC) by 25.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,920 shares of the financial services provider’s stock after selling 12,878 shares during the period. Pitcairn Co.’s holdings in Wells Fargo & Company were worth $3,178,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Redmont Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company in the third quarter valued at approximately $27,000. Marquette Asset Management LLC raised its holdings in Wells Fargo & Company by 472.4% in the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Wells Fargo & Company in the 3rd quarter valued at $30,000. Kilter Group LLC bought a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at $31,000. Finally, Main Street Group LTD grew its holdings in shares of Wells Fargo & Company by 36.9% during the 3rd quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 118 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WFC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price target on Wells Fargo & Company from $92.00 to $101.00 and gave the company a “market perform” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. raised their target price on shares of Wells Fargo & Company from $99.00 to $99.50 and gave the company a “neutral” rating in a report on Monday, February 9th. Freedom Capital downgraded shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. CICC Research initiated coverage on shares of Wells Fargo & Company in a research report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.03.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Fed ends the 2018 enforcement order, removing a decade‑long regulatory constraint and reputational overhang that had limited management flexibility on capital returns and growth initiatives — a material structural positive for WFC going forward. Wells Fargo shakes off last Fed consent order Wells Fargo fully sheds Fed’s 2018 enforcement order
• Neutral Sentiment: Multiple outlets confirm the termination (MSN, Seeking Alpha, TMCNet), providing wide coverage but little immediate financial detail; this is a catalytic governance/regulatory development whose full capital‑allocation benefits will show up over quarters. Seeking Alpha: Fed board ends 2018 enforcement action
• Negative Sentiment: Shares slipped amid a broader market selloff tied to escalating conflict in the Middle East and higher mortgage rates (which can hurt mortgage origination volumes and bank trading sentiment); that risk‑off tone is the main reason WFC moved lower today despite the regulatory win. Yahoo Finance Market Minute: Mortgage rates tick up, Fed lifts 2018 enforcement on Wells Fargo
• Negative Sentiment: Political and crypto‑industry headlines calling out banks (social media/pundit commentary) create noise that can exacerbate short‑term sentiment swings, though they are unlikely to change fundamentals. Eric Trump attacks banks over stablecoin yields

Wells Fargo & Company Trading Down 2.2%

WFC opened at $82.07 on Friday. The company has a market cap of $253.24 billion, a P/E ratio of 13.09, a PEG ratio of 0.91 and a beta of 1.08. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05. The company’s 50 day moving average is $89.76 and its 200-day moving average is $86.51. Wells Fargo & Company has a 1-year low of $58.42 and a 1-year high of $97.76.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $21.29 billion during the quarter, compared to analysts’ expectations of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 6th were given a dividend of $0.45 per share. The ex-dividend date was Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. Wells Fargo & Company’s payout ratio is currently 28.71%.

Insiders Place Their Bets

In other Wells Fargo & Company news, EVP Ellen R. Patterson sold 60,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of the transaction, the executive vice president directly owned 169,496 shares in the company, valued at approximately $14,813,950.40. This trade represents a 26.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $87.72, for a total value of $2,193,000.00. Following the sale, the executive vice president directly owned 79,876 shares in the company, valued at $7,006,722.72. The trade was a 23.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,000 shares of company stock valued at $10,050,000 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

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.