57,236 Shares in Wells Fargo & Company $WFC Bought by Comprehensive Financial Consultants Institutional Inc.

Key Points

• Comprehensive Financial Consultants Institutional Inc. bought 57,236 Wells Fargo shares worth approximately $4.58 million, making WFC about 1.2% of its portfolio. Institutional investors and hedge funds collectively own 75.9% of the stock.
• Wells Fargo reported third-quarter EPS of $1.87, beating the $1.85 consensus, while revenue of $21.87 billion fell short of estimates. Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $98.08.
• The bank raised its quarterly dividend to $0.50 per share, or $2.00 annually, representing a yield of approximately 2.4%. Key risks include weaker trading activity, potential consumer credit deterioration and ongoing regulatory scrutiny.

Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of Wells Fargo & Company (NYSE:WFC) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 57,236 shares of the financial services provider's stock, valued at approximately $4,582,000. Wells Fargo & Company accounts for about 1.2% of Comprehensive Financial Consultants Institutional Inc.'s holdings, making the stock its 24th largest position.

A number of other hedge funds also recently added to or reduced their stakes in WFC. Capstone Financial Advisors Inc. increased its position in shares of Wells Fargo & Company by 3.5% during the second quarter. Capstone Financial Advisors Inc. now owns 3,354 shares of the financial services provider's stock worth $277,000 after acquiring an additional 113 shares during the period. MFA Wealth Services raised its stake in shares of Wells Fargo & Company by 0.7% in the second quarter. MFA Wealth Services now owns 16,712 shares of the financial services provider's stock valued at $1,381,000 after acquiring an additional 115 shares in the last quarter. Hidden Cove Wealth Management LLC boosted its holdings in Wells Fargo & Company by 1.8% in the second quarter. Hidden Cove Wealth Management LLC now owns 6,846 shares of the financial services provider's stock valued at $566,000 after purchasing an additional 124 shares during the period. Essex Bank boosted its holdings in Wells Fargo & Company by 0.8% in the first quarter. Essex Bank now owns 16,173 shares of the financial services provider's stock valued at $1,288,000 after purchasing an additional 125 shares during the period. Finally, Five Oceans Advisors boosted its holdings in Wells Fargo & Company by 3.6% in the second quarter. Five Oceans Advisors now owns 3,625 shares of the financial services provider's stock valued at $300,000 after purchasing an additional 125 shares during the period. 75.90% of the stock is currently owned by institutional investors and hedge funds.

More Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo’s third-quarter results showed adjusted earnings per share of $1.87, slightly ahead of the $1.85 consensus, while net income reached $5.95 billion. Management also set a fourth-quarter net interest income target of approximately $13 billion, supported by deposit growth, consumer lending momentum and better returns. Wells Fargo Q3 Earnings Call Highlights Higher Interest Income Outlook
• Positive Sentiment: Analysts and market commentators generally viewed WFC’s earnings, capital position and growth strategy favorably. Morgan Stanley reiterated a Buy rating, and RBC maintained Outperform despite lowering its price target. Wells Fargo’s valuation also remains relatively compelling after recent underperformance. Wells Fargo Strong NII Trajectory and 2027 Growth Outlook
• Positive Sentiment: The bank is expanding its artificial-intelligence and data capabilities in consumer banking and lending, while also preparing for a potential 2027 stablecoin launch with other financial institutions. These initiatives could support longer-term efficiency and payments growth, though their financial impact is still uncertain. Wells Fargo Deepens AI and Data Leadership
• Neutral Sentiment: CEO Charlie Scharf said consumers are still managing their debt, but inflation, gasoline costs and elevated interest rates are pressuring households. He expects credit quality to weaken eventually, creating a risk to future loan losses even though deterioration is not yet evident. Wells Fargo CEO Warns Inflation and Higher Rates Weigh on Consumers
• Negative Sentiment: Third-quarter revenue and net interest income fell short of forecasts, while the CFO reported that trading activity slowed sharply late in September. The mixed outlook prompted some analysts to reduce estimates and price targets despite the earnings beat. Wells Fargo CFO Says Trading Activity Slowed Sharply
• Negative Sentiment: Wells Fargo will pay most of a collective $4.4 million settlement with eight states over allegations that retail customers were charged unreasonable commissions on small-dollar trades. The fine is financially modest but adds to regulatory and reputational pressure. State Regulators Fine Wells Fargo and Merrill Over Small-Dollar Trade Commissions
• Negative Sentiment: An OCC review alleged that major banks, including Wells Fargo, allowed political or religious considerations to influence access to banking services. The findings could increase compliance costs and reputational risk. Treasury Says Banks Let Politics Influence Banking Services

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank Of Canada lowered their target price on Wells Fargo & Company from $100.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday. Raymond James Financial reaffirmed a "market perform" rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Bank of America lifted their price objective on Wells Fargo & Company from $95.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Truist Financial boosted their price objective on Wells Fargo & Company from $94.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, October 1st. Finally, The Goldman Sachs Group set a $94.00 price objective on Wells Fargo & Company in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $98.08.

Wells Fargo & Company Trading Up 2.3%

Shares of NYSE:WFC opened at $82.76 on Friday. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76. The company's 50 day moving average is $85.32 and its two-hundred day moving average is $83.30. The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14. The company has a market cap of $250.26 billion, a PE ratio of 11.31, a P/E/G ratio of 0.87 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.02. The business had revenue of $21.87 billion for the quarter, compared to analyst estimates of $22.30 billion. Wells Fargo & Company had a net margin of 17.64% and a return on equity of 14.05%. The company's revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $1.66 EPS. Equities analysts predict that Wells Fargo & Company will post 7.27 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 is a boost from Wells Fargo & Company's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 7th. Wells Fargo & Company's payout ratio is 28.21%.

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.

Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.