Assetmark Inc. Increases Stock Position in Wells Fargo & Company $WFC

Key Points

• Assetmark Inc. increased its stake in Wells Fargo & Company by 12.5% in Q4 to 1,096,787 shares, worth about $102.22 million after purchasing an additional 121,823 shares.
• Wells Fargo beat Q4 EPS expectations ($1.76 vs. $1.66) with revenue of $21.29 billion (up 4.5% year-over-year) and recently paid a $0.45 quarterly dividend (annualized yield ~2.1%).
• About 75.9% of the stock is institutionally owned, insiders sold 115,000 shares (~$10.05M) in the past 90 days, and analysts collectively rate the stock a "Moderate Buy" with a consensus target of $97.70.

Assetmark Inc. grew its stake in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 12.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,096,787 shares of the financial services provider's stock after buying an additional 121,823 shares during the period. Assetmark Inc.'s holdings in Wells Fargo & Company were worth $102,221,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company during the 3rd quarter valued at $27,000. Marquette Asset Management LLC grew its stake in shares of Wells Fargo & Company by 472.4% during the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider's stock valued at $28,000 after buying an additional 274 shares during the period. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company during the 3rd quarter valued at $30,000. Imprint Wealth LLC purchased a new stake in shares of Wells Fargo & Company during the 3rd quarter valued at $31,000. Finally, Aventus Investment Advisors Inc. purchased a new stake in shares of Wells Fargo & Company during the 3rd quarter valued at $37,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $86.42 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $266.65 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.96 and a beta of 1.06. The firm's fifty day simple moving average is $83.17 and its 200 day simple moving average is $86.23. Wells Fargo & Company has a twelve month low of $62.40 and a twelve month high of $97.76.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.10. The business had revenue of $21.29 billion for the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. As a group, equities research analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company's dividend payout ratio is presently 28.71%.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo recruited a $2.1 billion advisory team from UBS into its FiNet unit, a meaningful asset-gathering win that supports fee revenue growth and reinforces wealth-management momentum. Wells Fargo Recruits $2.1 Billion UBS Team for Independent Advisor Unit
• Positive Sentiment: Analyst sentiment has improved recently (HSBC upgraded WFC to Buy) and previews argue the setup is favorable after the asset-cap removal — both items support upside expectations tied to higher net interest income, loan/deposit growth and sustained buybacks. Wells Fargo & Company (WFC): Re-Rating Potential as Market Sentiment Improves Wells Fargo: The Setup Is Favorable (Earnings Preview)
• Neutral Sentiment: Quarterly earnings are due before the open on April 14; anticipation of beats on EPS/NIIs can lift the stock, but revenue and credit commentary will be the key share-price drivers. What To Expect From Wells Fargo’s (WFC) Q1 Earnings
• Neutral Sentiment: Income-focused coverage (dividend-based income strategies) highlights WFC’s 2.11% yield and may attract yield-seeking flows ahead of earnings, though this is unlikely to drive large intraday moves. How To Earn $500 A Month From Wells Fargo Stock Ahead Of Q1 Earnings
• Negative Sentiment: Escalating Middle East tensions — reports the U.S. will block the Strait of Hormuz and broader pre-market weakness tied to the conflict — are driving risk-off flows that can pressure cyclical financials like WFC despite bank-specific positives. Pre-Markets Down as U.S. Sets Blockade at Hormuz Pre-Markets in Red on Renewed Middle East Geopolitical Conflicts
• Negative Sentiment: Big-bank caution: JPMorgan CEO Jamie Dimon has highlighted economic risks ahead of earnings season — a sober tone that can feed into conservative investor positioning across the U.S. banking group. JPMorgan CEO Jamie Dimon Weighs Risks Ahead Of Earnings

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. CICC Research assumed coverage on shares of Wells Fargo & Company in a research note on Wednesday, January 14th. They set a "market perform" rating and a $96.00 price objective for the company. Evercore restated an "outperform" rating on shares of Wells Fargo & Company in a report on Friday, March 6th. Robert W. Baird upgraded shares of Wells Fargo & Company from an "underperform" rating to a "neutral" rating and set a $85.00 target price on the stock in a report on Friday, February 13th. Wolfe Research restated an "outperform" rating and set a $109.00 target price on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Wells Fargo & Company from $99.50 to $91.00 and set a "neutral" rating on the stock in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.70.

Insider Buying and Selling at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the company's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $87.72, for a total value of $2,193,000.00. Following the completion of the transaction, the executive vice president directly owned 79,876 shares of the company's stock, valued at $7,006,722.72. This represents a 23.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bridget E. Engle sold 30,000 shares of the company's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the completion of the transaction, the executive vice president directly owned 83,478 shares of the company's stock, valued at approximately $7,270,933.80. The trade was a 26.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,000 shares of company stock valued at $10,050,000 in the last ninety days. Insiders own 0.14% of the company's stock.

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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