Xcel Wealth Management LLC Reduces Stock Position in Wells Fargo & Company $WFC

Xcel Wealth Management LLC cut its stake in Wells Fargo & Company (NYSE:WFC) by 21.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,105 shares of the financial services provider’s stock after selling 6,434 shares during the quarter. Xcel Wealth Management LLC’s holdings in Wells Fargo & Company were worth $1,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Private Wealth Group LLC grew its position in Wells Fargo & Company by 2.5% in the 4th quarter. Private Wealth Group LLC now owns 4,514 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 108 shares during the period. Nixon Peabody Trust Co. raised its stake in Wells Fargo & Company by 3.6% during the 4th quarter. Nixon Peabody Trust Co. now owns 3,351 shares of the financial services provider’s stock valued at $312,000 after buying an additional 115 shares during the last quarter. Simmons Bank lifted its holdings in shares of Wells Fargo & Company by 1.9% during the 4th quarter. Simmons Bank now owns 6,359 shares of the financial services provider’s stock valued at $593,000 after buying an additional 116 shares during the period. Moss Adams Wealth Advisors LLC lifted its holdings in shares of Wells Fargo & Company by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 12,048 shares of the financial services provider’s stock valued at $1,123,000 after buying an additional 117 shares during the period. Finally, Weaver Consulting Group boosted its stake in shares of Wells Fargo & Company by 1.6% in the 3rd quarter. Weaver Consulting Group now owns 7,441 shares of the financial services provider’s stock worth $624,000 after buying an additional 119 shares during the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WFC has been the subject of several research analyst reports. Jefferies Financial Group began coverage on Wells Fargo & Company in a report on Thursday, March 26th. They issued a “buy” rating and a $100.00 price objective for the company. Evercore reissued an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Monday, April 20th. Truist Financial reduced their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Finally, HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.24.

Key Wells Fargo & Company News

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 raise its third-quarter dividend by 11%, which supports the stock by showing strong capital resilience and a shareholder-friendly payout policy. Article Title
• Positive Sentiment: Industry-wide stress test results were also supportive, with large banks broadly passing and many announcing dividend hikes and buyback plans, which can improve sentiment toward Wells Fargo and the sector. Article Title
• Positive Sentiment: Analyst previews ahead of Wells Fargo’s upcoming earnings suggest modest double-digit profit growth, reinforcing expectations for solid near-term fundamentals. Article Title
• Neutral Sentiment: Market commentary from Wells Fargo strategist Scott Wren encouraged investors not to chase the recent rally, but to buy dips, offering a cautious macro view rather than a direct company-specific catalyst. Article Title

Wells Fargo & Company Trading Up 0.5%

NYSE:WFC opened at $84.76 on Friday. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76. The business has a fifty day moving average price of $79.65 and a 200-day moving average price of $84.45. The firm has a market capitalization of $259.38 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.99 and a beta of 0.93. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The business had revenue of $11.62 billion during the quarter, compared to analysts’ expectations of $21.85 billion. During the same quarter in the prior year, the business posted $1.39 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts forecast that Wells Fargo & Company will post 6.86 EPS for the current year.

Wells Fargo & Company Announces Dividend

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