Mufg Securities Americas Inc. Buys 15,489 Shares of Wells Fargo & Company $WFC

Mufg Securities Americas Inc. lifted its stake in shares of Wells Fargo & Company (NYSE:WFC) by 19.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,511 shares of the financial services provider’s stock after purchasing an additional 15,489 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Wells Fargo & Company were worth $7,838,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Access Investment Management LLC acquired a new stake in shares of Wells Fargo & Company during the 2nd quarter worth approximately $25,000. Redmont Wealth Advisors LLC bought a new stake in Wells Fargo & Company during the third quarter worth $27,000. Marquette Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter valued at $30,000. Finally, Kilter Group LLC bought a new position in shares of Wells Fargo & Company in the 2nd quarter valued at $31,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on WFC shares. Argus upped their price objective on Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Evercore dropped their price objective on shares of Wells Fargo & Company from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. 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 research 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Wells Fargo & Company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.03.

Key Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo hired a $3.1 billion advisory team from J.P. Morgan, a move that can immediately boost investment-banking revenue and client relationships if the team brings mandates and fees. Read More.
• Positive Sentiment: The bank named Dennis Devine as head of Business Banking (serving firms up to $25M in sales); leadership hires can improve execution and client retention in a strategic segment for fee and deposit growth. Read More.
• Neutral Sentiment: Wells Fargo research is active: analysts upgraded Alphabet/Google and reiterated/raised views on other tech names (CoreWeave) and raised outlooks on coverage names — this highlights an active research franchise but has limited direct near-term impact on WFC’s fundamentals beyond trading and research revenue. Read More.
• Neutral Sentiment: The firm’s analyst notes on growth-tech and healthcare (e.g., CoreWeave, Cardinal Health) signal continued investment-banking and research activity, which supports noninterest income but is incremental and timing-dependent. Read More.
• Negative Sentiment: Negative publicity and potential operational/regulatory risk from a widely reported fraud case: a 90‑year‑old customer lost $814K and Wells Fargo denies the claim — such incidents raise reputational, compliance and possible litigation concerns. Read More.

Wells Fargo & Company Stock Performance

NYSE WFC opened at $85.06 on Tuesday. The company has a market capitalization of $267.01 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.97 and a beta of 1.09. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The stock has a fifty day simple moving average of $91.33 and a 200 day simple moving average of $86.32.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The firm had revenue of $11.97 billion for the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 EPS. Sell-side analysts expect that Wells Fargo & Company will post 5.89 EPS 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%.

Insider Transactions at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the sale, the executive vice president owned 79,876 shares of the company’s stock, valued at approximately $7,006,722.72. This represents a 23.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by insiders.

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.