Waycross Partners LLC Sells 424,385 Shares of Wells Fargo & Company $WFC

Waycross Partners LLC lessened its stake in Wells Fargo & Company (NYSE:WFC) by 90.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,000 shares of the financial services provider’s stock after selling 424,385 shares during the quarter. Waycross Partners LLC’s holdings in Wells Fargo & Company were worth $3,772,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WFC. Main Street Group LTD grew its stake 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 acquiring an additional 118 shares in the last quarter. Hidden Cove Wealth Management LLC raised its holdings in shares of Wells Fargo & Company by 2.0% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 5,948 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 119 shares during the period. Zullo Investment Group Inc. lifted its position in shares of Wells Fargo & Company by 2.0% in the third quarter. Zullo Investment Group Inc. now owns 6,340 shares of the financial services provider’s stock valued at $532,000 after buying an additional 122 shares during the last quarter. Embree Financial Group increased its holdings in shares of Wells Fargo & Company by 3.9% during the 3rd quarter. Embree Financial Group now owns 3,330 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 126 shares during the last quarter. Finally, Trust Co. of Vermont grew its holdings in Wells Fargo & Company by 1.1% in the 3rd quarter. Trust Co. of Vermont now owns 12,098 shares of the financial services provider’s stock valued at $1,014,000 after buying an additional 126 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.

Key Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo acted as lead agent on a $1.25 billion senior secured global asset‑based revolving credit facility for City Electric Group — a win for the bank’s syndicated lending and capital‑markets fees and a sign of continued corporate financing activity. Read More.
• Positive Sentiment: Baird upgraded Wells Fargo to Neutral (from Underperform), citing that recent sell‑off has improved risk/reward even though its $85 target was unchanged — analyst upgrades can lift sentiment and attract buyers after a pullback. Read More.
• Neutral Sentiment: FT’s feature examines Wells Fargo’s ambitions in investment banking — the strategy could expand fee revenue over time but faces long odds against entrenched competitors and will take years to move the needle. Investors should view this as a strategic positive with long execution risk. Read More.
• Neutral Sentiment: Medalist Diversified REIT announced changes including ending REIT status; filings note Wells Fargo in a lender role — this highlights WFC’s lending exposure to specialty real‑estate borrowers, but the item does not currently signal material credit loss. Read More.
• Neutral Sentiment: Wells Fargo research continues to publish coverage updates (e.g., holds/ratings on other companies such as Enterprise Products and Molson Coors) — this is standard broker activity that supports recurring research revenue but has limited direct impact on WFC’s fundamentals. Read More.
• Negative Sentiment: NAHB/Wells Fargo Housing Market Index unexpectedly dipped to a five‑month low in February, suggesting softer homebuilding sentiment — weaker housing activity can pressure mortgage originations, F&I income and related loan demand at Wells Fargo. Read More.

Wells Fargo & Company Stock Performance

Shares of WFC stock opened at $87.35 on Wednesday. The business’s 50 day simple moving average is $91.71 and its 200 day simple moving average is $86.04. Wells Fargo & Company has a one year low of $58.42 and a one year high of $97.76. The stock has a market capitalization of $274.20 billion, a PE ratio of 13.93, a PEG ratio of 0.95 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.84.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.10. The firm had revenue of $11.97 billion during the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 EPS. As a group, research analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 28.71%.

Analyst Ratings Changes

WFC has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a research note on Monday, February 9th. TD Cowen lowered their target price on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Wednesday, January 21st. Truist Financial dropped their price objective on shares of Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Finally, UBS Group reissued a “buy” rating and set a $113.00 target price on shares of Wells Fargo & Company in a report on Wednesday, February 4th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $97.03.

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.