Rep. Michael A. Rulli Sells Off Shares of Wells Fargo & Company (NYSE:WFC)

Representative Michael A. Rulli (Republican-Ohio) recently sold shares of Wells Fargo & Company (NYSE:WFC). In a filing disclosed on October 2nd, the Representative disclosed that they had sold between $1,001 and $15,000 in Wells Fargo & Company stock on September 3rd. The trade occurred in the Representative’s “MERRILL LYNCH SIMPLE MANAGED ACCOUNT” account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/28/2026.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 9/3/2026.
• Sold $50,001 – $100,000 in shares of Alphabet (NASDAQ:GOOGL) on 8/24/2026.
• Sold $1,001 – $15,000 in shares of Allstate (NYSE:ALL) on 8/12/2026.
• Purchased $1,001 – $15,000 in shares of Equinix (NASDAQ:EQIX) on 8/7/2026.
• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 8/6/2026.

Wells Fargo & Company Trading Up 1.2%

Shares of WFC opened at $81.42 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. The firm has a fifty day simple moving average of $86.14 and a two-hundred day simple moving average of $83.08. The stock has a market capitalization of $246.20 billion, a P/E ratio of 11.83, a PEG ratio of 0.87 and a beta of 0.96. 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 posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The company had revenue of $22.62 billion for the quarter, compared to analysts’ expectations of $21.86 billion. During the same period last year, the firm earned $1.60 earnings per share. Wells Fargo & Company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Wells Fargo & Company will post 7.28 EPS for the current year.

Wells Fargo & Company Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, August 7th. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio is currently 29.07%.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Morgan Stanley upgraded WFC from Equal-Weight to Overweight and set a $102 price target, identifying the bank as a top pick. The firm expects margin pressure to ease, supporting stronger earnings and returns, with ROTCE potentially reaching 18% by 2028 through better fee revenue, consumer-banking performance and capital deployment. Wells Fargo has lagged rival banks. Morgan Stanley says it’s time to buy
• Positive Sentiment: UBS maintained a Buy rating while trimming its price target modestly from $104 to $102. The revised target still implies substantial upside from recent trading levels, signaling continued confidence in Wells Fargo’s outlook. UBS Adjusts Price Target on Wells Fargo to $102 From $104, Keeps Buy Rating
• Positive Sentiment: The upcoming October 13 earnings release is providing a near-term catalyst, while pre-earnings commentary suggests investors are positioning for improved profitability and stronger shareholder returns. Wells Fargo to Announce Third Quarter 2026 Earnings on Oct. 13, 2026
• Neutral Sentiment: Wells Fargo’s shares have lagged the broader market and remain below their 50-day moving average, leaving valuation and execution concerns in focus despite the recent analyst support.
• Negative Sentiment: Wells Fargo’s mortgage-servicer ratings were downgraded following a portfolio shift. The move could raise questions about servicing scale, operational execution and the performance of this business line. Wells Fargo servicer ratings downgraded on portfolio shift

Analyst Upgrades and Downgrades

WFC has been the subject of a number of research reports. Robert W. Baird increased their price target on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Raymond James Financial reissued a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. UBS Group reduced their price target on Wells Fargo & Company from $104.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Wells Fargo & Company from $95.50 to $91.50 and set a “neutral” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WFC. Rosenberg Matthew Hamilton raised its holdings in Wells Fargo & Company by 3.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 6,225 shares of the financial services provider’s stock worth $498,000 after purchasing an additional 232 shares during the period. Ferguson Wellman Capital Management Inc. grew its stake in shares of Wells Fargo & Company by 1.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 991,358 shares of the financial services provider’s stock valued at $79,358,000 after acquiring an additional 16,821 shares during the period. Eastern Bank grew its stake in shares of Wells Fargo & Company by 4.7% during the 3rd quarter. Eastern Bank now owns 16,113 shares of the financial services provider’s stock valued at $1,290,000 after acquiring an additional 725 shares during the period. Boltwood Capital Management increased its holdings in Wells Fargo & Company by 1.8% in the 3rd quarter. Boltwood Capital Management now owns 17,465 shares of the financial services provider’s stock worth $1,398,000 after acquiring an additional 305 shares in the last quarter. Finally, CX Institutional raised its stake in Wells Fargo & Company by 23.1% during the 3rd quarter. CX Institutional now owns 22,306 shares of the financial services provider’s stock worth $1,786,000 after acquiring an additional 4,179 shares during the period. Institutional investors own 75.90% of the company’s stock.

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio’s 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027.

Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 6th Congressional District. He declared candidacy for the 2026 election.

Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli’s career experience includes working as the director of operations with Rulli Bros. Markets.

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.