Capital Asset Advisory Services LLC Cuts Position in Wells Fargo & Company $WFC

Capital Asset Advisory Services LLC lessened its position in Wells Fargo & Company (NYSE:WFC) by 29.5% during the first quarter, Holdings Channel reports. The fund owned 25,932 shares of the financial services provider’s stock after selling 10,841 shares during the period. Capital Asset Advisory Services LLC’s holdings in Wells Fargo & Company were worth $2,126,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Godfrey Financial Associates Inc. purchased a new position in shares of Wells Fargo & Company in the 4th quarter worth about $25,000. Miller Capital Partners Inc. purchased a new position in shares of Wells Fargo & Company during the 4th quarter valued at about $25,000. Navalign LLC purchased a new position in shares of Wells Fargo & Company during the 4th quarter valued at about $26,000. Joseph Group Capital Management bought a new stake in Wells Fargo & Company in the 4th quarter worth approximately $28,000. Finally, Core Wealth Advisors LLC bought a new stake in Wells Fargo & Company in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Morgan Stanley raised its price target on Wells Fargo to $102 from $97, signaling room for further upside even after the recent bank-sector rally. Morgan Stanley Raises its Price Target on Wells Fargo (WFC)
• Positive Sentiment: Wells Fargo passed the Fed’s 2026 stress test and is expected to raise its dividend by about 11% while continuing share buybacks, reinforcing the bank’s capital-return story. Wells Fargo’s Robust Capital Return Strategy: What’s Driving It?
• Positive Sentiment: Another report said Wells Fargo and other large banks plan double-digit dividend increases after clearing the Fed stress test, which may attract income-focused investors. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test (WFC)
• Neutral Sentiment: Media coverage has highlighted that investors are heavily searching Wells Fargo stock, reflecting rising attention ahead of results but not a clear fundamental catalyst. Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
• Neutral Sentiment: Analysts say Wells Fargo still trails elite peers on return on equity and faces falling net interest margins, but earnings could change the narrative if lending volumes and profits surprise higher. Wells Fargo Stock Has Lagged Other Banks. Earnings Can Change That.
• Neutral Sentiment: Barron’s said the stock looks inexpensive ahead of earnings, suggesting valuation support rather than a direct near-term catalyst. Wells Fargo Stock Has Lagged Other Banks. Earnings Can Change That.

Analysts Set New Price Targets

A number of brokerages have commented on WFC. KGI Securities cut shares of Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Morgan Stanley boosted their price objective on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a report on Monday. Phillip Securities upgraded shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. The Goldman Sachs Group cut their price objective on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Finally, HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.34.

Wells Fargo & Company Trading Up 4.0%

NYSE:WFC opened at $85.93 on Thursday. The company has a fifty day moving average of $79.87 and a 200 day moving average of $84.27. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week 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 1.12. The firm has a market capitalization of $262.96 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.95 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. During the same quarter last year, the firm earned $1.39 EPS. The company’s revenue was up 6.4% on a year-over-year basis. On average, research analysts predict that Wells Fargo & Company will post 6.98 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 27.78%.

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.