Wrapmanager Inc. Sells 6,659 Shares of Wells Fargo & Company $WFC

Wrapmanager Inc. lowered its holdings in Wells Fargo & Company (NYSE:WFC) by 35.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,311 shares of the financial services provider’s stock after selling 6,659 shares during the quarter. Wrapmanager Inc.’s holdings in Wells Fargo & Company were worth $1,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WFC. Hilton Capital Management LLC purchased a new position in Wells Fargo & Company in the second quarter worth $3,656,000. Mawer Investment Management Ltd. acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter worth $147,165,000. Guerra Advisors Inc grew its stake in Wells Fargo & Company by 43.2% during the 3rd quarter. Guerra Advisors Inc now owns 38,439 shares of the financial services provider’s stock worth $3,222,000 after buying an additional 11,594 shares during the last quarter. AlphaQuest LLC increased its position in Wells Fargo & Company by 1,121.0% during the 3rd quarter. AlphaQuest LLC now owns 24,079 shares of the financial services provider’s stock valued at $2,018,000 after buying an additional 22,107 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Wells Fargo & Company by 52.7% in the third quarter. UMB Bank n.a. now owns 138,862 shares of the financial services provider’s stock worth $11,639,000 after acquiring an additional 47,946 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on WFC. Evercore decreased 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 report on Thursday, January 15th. Truist Financial lowered 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 research note on Thursday, January 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Wednesday, January 21st. Wolfe Research restated an “outperform” rating and issued a $109.00 target price on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Finally, Argus boosted their price target on Wells Fargo & Company from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and an average price target of $97.03.

Insider Buying and Selling

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction on Friday, February 20th. The shares were sold at an average price of $87.72, for a total value of $2,193,000.00. Following the completion of the transaction, the executive vice president owned 79,876 shares of the company’s stock, valued at approximately $7,006,722.72. The trade was a 23.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.

Wells Fargo & Company Stock Performance

NYSE WFC opened at $85.06 on Tuesday. The stock has a 50-day simple moving average of $91.33 and a two-hundred day simple moving average of $86.32. The firm has a market capitalization of $267.01 billion, a P/E ratio of 13.57, a PEG ratio of 0.97 and a beta of 1.09. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The firm had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. On average, equities 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 disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 6th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

More Wells Fargo & Company News

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

• Positive Sentiment: Dennis Devine named head of Business Banking — management promoted an experienced banker to lead the unit that serves small businesses (up to $25M in sales). This is a governance/operations positive that could modestly support commercial deposit and lending growth if execution follows. Wells Fargo Names Dennis Devine to Lead Business Banking
• Neutral Sentiment: Wells Fargo research upgraded Alphabet (GOOGL) to Overweight, citing data, distribution and compute advantages tied to AI — this highlights Wells Fargo’s analyst activity and could support research/IB franchise perception but has limited direct impact on WFC’s bank operations or near-term earnings. Google upgraded as Wells Fargo cites widening AI capacity lead
• Neutral Sentiment: Wells Fargo analyst says it may be time to raise estimates for CoreWeave (CRWV) ahead of earnings — another example of active analyst coverage that supports the firm’s research profile but doesn’t materially affect bank metrics. CoreWeave (CRWV) Stock: Wells Fargo Says It May Be Time to Raise Estimates Ahead of Earnings
• Neutral Sentiment: Wells Fargo publishes buy calls on new IPOs — more evidence of active equity research coverage; useful for franchise reputation but unlikely to move WFC’s bank valuation near term. 2 New IPO Stocks Hit the Market; Wells Fargo Says ‘Buy’
• Negative Sentiment: 90-year-old customer reportedly scammed out of $814K and Wells Fargo denies the claim — this headline raises reputational and potential legal/regulatory risk. If the story gains traction or regulators probe controls around large withdrawals and elder fraud protections, it could create negative sentiment or regulatory costs for the bank. 90-year-old man scammed out of $814K life savings — Wells Fargo denies claim

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.