Wells Fargo & Company $WFC Shares Sold by Formidable Asset Management LLC

Formidable Asset Management LLC lessened its stake in shares of Wells Fargo & Company (NYSE:WFC) by 65.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,314 shares of the financial services provider’s stock after selling 10,120 shares during the quarter. Formidable Asset Management LLC’s holdings in Wells Fargo & Company were worth $439,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Palisade Asset Management LLC raised its position in Wells Fargo & Company by 1.2% in the third quarter. Palisade Asset Management LLC now owns 17,038 shares of the financial services provider’s stock worth $1,364,000 after acquiring an additional 201 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Wells Fargo & Company by 3.3% during the 3rd quarter. Parallel Advisors LLC now owns 45,014 shares of the financial services provider’s stock worth $3,603,000 after purchasing an additional 1,449 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in shares of Wells Fargo & Company by 3.2% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 8,843 shares of the financial services provider’s stock worth $708,000 after purchasing an additional 278 shares in the last quarter. LiftPoint Family Wealth Advisors LLC grew its stake in shares of Wells Fargo & Company by 6.2% during the 3rd quarter. LiftPoint Family Wealth Advisors LLC now owns 3,304 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 193 shares during the period. Finally, Bfsg LLC grew its stake in shares of Wells Fargo & Company by 41.4% during the 3rd quarter. Bfsg LLC now owns 1,100 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 322 shares during the period. 75.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on WFC shares. Keefe, Bruyette & Woods reduced their price objective on shares of Wells Fargo & Company from $94.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, October 14th. Citigroup lowered their target price on shares of Wells Fargo & Company from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a report on Thursday, October 15th. Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Wells Fargo & Company from $91.50 to $92.00 and gave the company a “neutral” rating in a research report on Friday, October 30th. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.50.

More Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo’s corporate and investment banking chief Fernando Rivas described a “now or never” push among some dealmakers to complete transactions ahead of the 2028 election. More M&A activity could support advisory and financing fees; the bank is also looking at financing for AI infrastructure. Article: Wells Fargo exec sees ‘now or never’ M&A attitude
• Positive Sentiment: A Seeking Alpha article argued WFC could offer attractive 13-month total-return potential, while a Zacks report noted the average brokerage recommendation is bullish. These are supportive sentiment signals, though the coverage does not provide a new company-specific financial catalyst. Article: Wells Fargo: A Big Bank With Bigger 13-Month Total Return Potential Article: Is It Worth Investing in Wells Fargo Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Wells Fargo is adding restructuring expertise by hiring former Deutsche Bank executive Philip Saliba. The move expands its leveraged-finance capabilities, but the report gives no expected revenue or earnings impact. Article: Wells Fargo Builds Out Restructuring Capability With Deutsche Bank Hire
• Negative Sentiment: A couple is suing Wells Fargo over allegedly unauthorized wire transfers totaling $72,360; the bank denies the claim. The dispute is a potential reputational and legal overhang, though no broader impact was reported. Article: Wells Fargo denies couple’s fraud claim

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $83.99 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $84.41 and a two-hundred day moving average price of $83.60. Wells Fargo & Company has a twelve month low of $72.78 and a twelve month high of $97.76. The company has a market capitalization of $252.11 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.90 and a beta of 0.93.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.85 by $0.02. Wells Fargo & Company had a net margin of 17.64% and a return on equity of 14.05%. The business had revenue of $21.87 billion for the quarter, compared to analyst estimates of $22.30 billion. During the same period in the prior year, the business earned $1.66 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, research analysts expect that Wells Fargo & Company will post 7.27 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.00 annualized dividend and a yield of 2.4%. Wells Fargo & Company’s payout ratio is presently 28.21%.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified financial services company offering banking, lending, investment, and wealth management services. Its products include checking and savings accounts, credit cards, mortgages, auto loans, commercial financing, investment services, and financial advice.

The company serves consumers, businesses, and institutions, primarily in the United States. Its operations include consumer and small business banking, commercial banking, and corporate and investment banking, as well as wealth and investment management.

Wells Fargo traces its origins to 1852, when Henry Wells and William G.