Wells Fargo & Company $WFC Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lowered its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 14.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,623 shares of the financial services provider’s stock after selling 8,373 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Wells Fargo & Company were worth $4,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Wells Fargo & Company during the fourth quarter worth about $4,512,563,000. Capital Research Global Investors raised its position in Wells Fargo & Company by 4.9% during the fourth quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock worth $3,487,687,000 after acquiring an additional 1,760,484 shares during the last quarter. Legal & General Group Plc raised its position in Wells Fargo & Company by 0.9% during the fourth quarter. Legal & General Group Plc now owns 21,197,423 shares of the financial services provider’s stock worth $1,975,600,000 after acquiring an additional 188,186 shares during the last quarter. Boston Partners raised its position in Wells Fargo & Company by 1.9% during the third quarter. Boston Partners now owns 9,128,470 shares of the financial services provider’s stock worth $763,675,000 after acquiring an additional 174,350 shares during the last quarter. Finally, Davis Selected Advisers raised its position in Wells Fargo & Company by 6.1% during the fourth quarter. Davis Selected Advisers now owns 8,258,031 shares of the financial services provider’s stock worth $769,649,000 after acquiring an additional 471,979 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $81.99 on Wednesday. Wells Fargo & Company has a 1 year low of $71.93 and a 1 year high of $97.76. The firm has a 50 day moving average price of $79.33 and a 200 day moving average price of $84.68. The company has a market cap of $250.90 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.95 and a beta of 0.93. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $21.85 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. Wells Fargo & Company’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts predict that Wells Fargo & Company will post 6.84 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, May 8th. Wells Fargo & Company’s payout ratio is currently 27.78%.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo’s CFO said the bank expects net interest income to rise this quarter and reaffirmed its full-year target of about $50 billion, which supports the case for stronger core profitability as loan growth improves. Reuters article
• Positive Sentiment: Management also signaled mid-teens growth in its markets business for the second quarter and reiterated its NII guidance, reinforcing investor confidence that Wells Fargo can deliver stable revenue momentum. MSN/Reuters article
• Positive Sentiment: Analysts continue to view WFC favorably, with one Bank of America Securities note reiterating a Buy rating and an unchanged $95 price target, suggesting attractive risk-reward if earnings execution holds. TipRanks article
• Neutral Sentiment: Wells Fargo also highlighted support for community investment, including a $1.2 million grant to Urban Strategies Inc. for economic mobility and entrepreneurship initiatives, which is positive for reputation but likely limited in near-term stock impact. Yahoo Finance article
• Neutral Sentiment: Wells Fargo presented at the Morgan Stanley US Financials Conference, where investors typically look for updates on strategy and performance, but no major new surprise was highlighted in the headline. Seeking Alpha transcript
• Negative Sentiment: Some recent coverage noted WFC stock underperformed the broader market on Monday, and insider selling headlines may reinforce caution among traders in the short term. MarketWatch article

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WFC shares. Truist Financial cut their target price on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, April 1st. The Goldman Sachs Group cut their target price on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Morgan Stanley cut their price objective on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.53.

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.