Wells Fargo & Company (NYSE:WFC) Stock Sale Disclosed by Rep. Michael A. Rulli

Key Points

• Rep. Michael A. Rulli sold between $1,001 and $15,000 of Wells Fargo shares on September 3 from his Merrill Lynch account, according to a filing disclosed October 2.
• Wells Fargo reported stronger-than-expected quarterly results, with EPS of $1.96 and revenue of $22.62 billion, while raising its quarterly dividend to $0.50 per share.
• Analyst sentiment is broadly positive: Wells Fargo has a “Moderate Buy” consensus rating and a $99.75 average price target, with Morgan Stanley recently upgrading the stock to Overweight and setting a $102 target.

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 Stock Performance

WFC opened at $81.42 on Tuesday. The stock has a market capitalization of $246.20 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 0.87 and a beta of 0.96. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76. The company has a fifty day moving average of $86.14 and a 200 day moving average of $83.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.23. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The firm had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same period in the previous year, the firm posted $1.60 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Wells Fargo & Company will post 7.28 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Wells Fargo & Company from a "sell" rating to a "hold" rating in a report on Sunday, June 14th. HSBC assumed coverage on Wells Fargo & Company in a research note on Monday, September 28th. They issued a "buy" rating and a $108.00 price target for the company. Raymond James Financial reiterated a "market perform" rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. Bank of America raised their target price on Wells Fargo & Company from $95.00 to $102.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Finally, Morgan Stanley raised Wells Fargo & Company from an "equal weight" rating to an "overweight" rating and set a $102.00 price target for the company in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Wells Fargo & Company currently has a consensus rating of "Moderate Buy" and an average target price of $99.75.

Key Headlines Impacting Wells Fargo & Company

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

Institutional Trading of Wells Fargo & Company

Several large investors have recently made changes to their positions in the business. Phillip James Consulting Co. purchased a new position in Wells Fargo & Company in the first quarter valued at $28,000. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Wells Fargo & Company during the 2nd quarter worth about $28,000. Main Street Group LTD acquired a new stake in shares of Wells Fargo & Company during the 1st quarter valued at about $29,000. Nemes Rush Group LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at about $30,000. Finally, Dunhill Financial LLC purchased a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $30,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

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.

Wells Fargo & Company Company Profile

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.

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