198,554 Shares in Wells Fargo & Company $WFC Acquired by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management acquired 198,554 Wells Fargo shares during the second quarter, valued at approximately $16.4 million. Institutional investors and hedge funds collectively own 75.9% of WFC.
• Wells Fargo reported quarterly earnings of $1.96 per share and revenue of $22.62 billion, beating analyst estimates and marking 8.6% year-over-year revenue growth.
• The company raised its quarterly dividend to $0.50 per share, or $2.00 annually, representing a 2.4% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $98.61.

Oppenheimer Asset Management Inc. acquired a new stake in Wells Fargo & Company (NYSE:WFC - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 198,554 shares of the financial services provider's stock, valued at approximately $16,409,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Godfrey Financial Associates Inc. acquired a new position in shares of Wells Fargo & Company during the fourth quarter valued at $25,000. Miller Capital Partners Inc. acquired a new stake in Wells Fargo & Company in the fourth quarter worth about $25,000. Navalign LLC acquired a new stake in Wells Fargo & Company in the fourth quarter worth about $26,000. Joseph Group Capital Management bought a new stake in Wells Fargo & Company during the 4th quarter worth about $28,000. Finally, Core Wealth Advisors LLC bought a new stake in Wells Fargo & Company during the 4th quarter worth about $29,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Performance

Shares of WFC stock opened at $83.69 on Friday. The stock has a market cap of $253.08 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. The stock has a 50-day moving average of $86.08 and a 200-day moving average of $82.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.23. The business had revenue of $22.62 billion for the quarter, compared to analyst estimates of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. Wells Fargo & Company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 EPS. As a group, sell-side analysts expect that Wells Fargo & Company will post 7.26 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.4%. This is a boost from Wells Fargo & Company's previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 7th. Wells Fargo & Company's dividend payout ratio (DPR) is 29.07%.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo established a new Series HH preferred stock, expanding its capital-raising options. A related analysis highlights the preferred shares’ roughly 6.6% yield, which may appeal to income-focused investors and support interest in Wells Fargo’s securities. Skip The CDs For Wells Fargo's 6.6% Yielding Preferred Share Wells Fargo Establishes New Series HH Preferred Stock
• Positive Sentiment: Valuation commentary says WFC still appears discounted to an intrinsic-value estimate after generating a 126.5% total return over three years. That suggests potential long-term upside, although the size of the discount may be narrowing. Wells Fargo Stock Looks Cheap On Fair Value But Full On Earnings
• Neutral Sentiment: Recent fundamental performance remains solid: Wells Fargo’s latest reported quarter exceeded earnings and revenue estimates, with year-over-year revenue growth. However, investors may be weighing those results against the stock’s already substantial gains.
• Negative Sentiment: Wells Fargo has lagged some major-bank peers in 2026, particularly BNY Mellon, highlighting concerns that its business mix may be less favorable in the current market environment. Which Big Bank Stock Has Dominated in 2026
• Negative Sentiment: Commentary noting that WFC looks attractive on fair value but “full” on earnings suggests investors may be taking profits or demanding stronger catalysts before pushing the stock higher. Separate market coverage also recorded a recent decline while the broader market improved, indicating relative selling pressure. Wells Fargo Stock Declines While Market Improves

Analyst Upgrades and Downgrades

WFC has been the topic of several recent research reports. Wall Street Zen raised shares of Wells Fargo & Company from a "sell" rating to a "hold" rating in a research note on Sunday, June 14th. Keefe, Bruyette & Woods reduced their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 15th. Phillip Securities raised shares of Wells Fargo & Company from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, May 7th. Robert W. Baird increased their price target on Wells Fargo & Company from $85.00 to $92.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on Wells Fargo & Company from $93.50 to $95.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Wells Fargo & Company presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.61.

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.

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