Gilpin Wealth Management LLC Buys New Shares in Wells Fargo & Company $WFC

Gilpin Wealth Management LLC bought a new stake in Wells Fargo & Company (NYSE:WFC) in the 4th quarter, Holdings Channel reports. The firm bought 18,266 shares of the financial services provider’s stock, valued at approximately $1,702,000. Wells Fargo & Company makes up approximately 1.3% of Gilpin Wealth Management LLC’s portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Private Wealth Group LLC grew its stake in shares of Wells Fargo & Company by 2.5% in the fourth quarter. Private Wealth Group LLC now owns 4,514 shares of the financial services provider’s stock valued at $421,000 after buying an additional 108 shares in the last quarter. Nixon Peabody Trust Co. grew its stake in shares of Wells Fargo & Company by 3.6% in the fourth quarter. Nixon Peabody Trust Co. now owns 3,351 shares of the financial services provider’s stock valued at $312,000 after buying an additional 115 shares in the last quarter. Simmons Bank grew its stake in shares of Wells Fargo & Company by 1.9% in the fourth quarter. Simmons Bank now owns 6,359 shares of the financial services provider’s stock valued at $593,000 after buying an additional 116 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its stake in shares of Wells Fargo & Company by 1.0% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 12,048 shares of the financial services provider’s stock valued at $1,123,000 after buying an additional 117 shares in the last quarter. Finally, Main Street Group LTD boosted its position 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 worth $37,000 after purchasing an additional 118 shares during the period. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Down 0.0%

WFC opened at $81.98 on Thursday. Wells Fargo & Company has a fifty-two week low of $71.93 and a fifty-two week high of $97.76. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $250.88 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.96 and a beta of 0.93. The stock has a fifty day moving average of $79.44 and a 200-day moving average of $84.67.

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

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 27.78%.

Wall Street Analysts Forecast Growth

WFC has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Monday, April 20th. Barclays reduced their price objective on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Jefferies Financial Group initiated coverage on shares of Wells Fargo & Company in a research report on Thursday, March 26th. They set a “buy” rating and a $100.00 price objective for the company. KGI Securities cut shares of Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Finally, HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus target price of $97.53.

Key Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo’s CFO said net interest income should step up in the current quarter and reaffirmed the bank’s roughly $50 billion full-year 2026 NII target, signaling stronger underlying earnings power. Reuters: Wells Fargo CFO signals ‘step up’ in interest income in second quarter
• Positive Sentiment: Wells Fargo Advisors’ FiNet unit added a $650 million advisory team from Stifel, reinforcing momentum in wealth management and showing the firm can still attract assets and advisors. Yahoo Finance: Wells Fargo’s FiNet Recruits $650 Million Team From Stifel
• Positive Sentiment: The bank also announced a $1.2 million community wealth grant, which supports its public-facing ESG and community investment narrative. Yahoo Finance: Wells Fargo Grant Highlights Community Focus And Potential Valuation Upside
• Neutral Sentiment: Wells Fargo’s presentation at the Morgan Stanley U.S. Financials Conference kept management in the spotlight, but it did not appear to deliver a major new catalyst on its own. Seeking Alpha: Wells Fargo & Company Presents at Morgan Stanley US Financials Conference 2026 Transcript
• Negative Sentiment: The Justice Department reportedly subpoenaed Wells Fargo as part of a widening investigation into alleged politically motivated debanking, which could add legal and reputational pressure. PYMNTS: Feds Subpoena Wall Street Giants in Widening Debanking Investigation

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.