Park Edge Advisors LLC Purchases Shares of 16,277 Wells Fargo & Company $WFC

Park Edge Advisors LLC purchased a new position in shares of Wells Fargo & Company (NYSE:WFC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,277 shares of the financial services provider’s stock, valued at approximately $1,296,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Wealth Group LLC raised its position in shares of Wells Fargo & Company by 2.5% during the 4th quarter. Private Wealth Group LLC now owns 4,514 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 108 shares in the last quarter. Nixon Peabody Trust Co. increased its stake in 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 purchasing an additional 115 shares during the last quarter. Simmons Bank increased its stake in 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 purchasing an additional 116 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its stake in 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 purchasing an additional 117 shares during the last quarter. Finally, Weaver Consulting Group raised its holdings in Wells Fargo & Company by 1.6% during the third quarter. Weaver Consulting Group now owns 7,441 shares of the financial services provider’s stock worth $624,000 after purchasing an additional 119 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Price Performance

WFC stock opened at $84.28 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $257.90 billion, a P/E ratio of 13.01, a PEG ratio of 0.99 and a beta of 0.93. The business has a 50 day simple moving average of $79.59 and a 200-day simple moving average of $84.49. Wells Fargo & Company has a twelve month low of $72.78 and a twelve month high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, beating 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 analysts’ expectations of $21.85 billion. During the same period in the previous year, the company posted $1.39 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Wells Fargo & Company will post 6.86 EPS for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. Wells Fargo & Company’s payout ratio is currently 27.78%.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo completed the Fed’s 2026 stress test and said it intends to lift its third-quarter dividend by 11% to $0.50 per share, a signal of confidence in capital strength and shareholder returns. Article Title
• Positive Sentiment: News that several large banks, including Wells Fargo, are planning dividend increases and stock buybacks supports sentiment around the banking sector and reinforces expectations for capital return to shareholders. Article Title

Wall Street Analysts Forecast Growth

WFC has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating for the company in a research report on Thursday, April 30th. KGI Securities downgraded shares of Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Barclays reduced their price target 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. Keefe, Bruyette & Woods decreased their price objective on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a research note on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a report on Monday, April 20th. Two investment 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 company’s stock. According to MarketBeat, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.24.

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.