Banco Bilbao Vizcaya Argentaria S.A. Sells 15,630 Shares of Wells Fargo & Company $WFC

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in Wells Fargo by 2.0% in Q3, selling 15,630 shares and leaving it with 765,127 shares valued at $64,109,000.
• Analysts show a consensus of Moderate Buy (13 Buys, 10 Holds) with an average price target of $97.03, while WFC was trading near $74.11 (12‑month high/low $97.76/$58.42), implying potential upside.
• Insiders have sold a total of 115,000 shares worth about $10.05 million in the past 90 days, including sizable sales by EVPs Kleber Santos and Ellen R. Patterson.

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in Wells Fargo & Company (NYSE:WFC - Free Report) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 765,127 shares of the financial services provider's stock after selling 15,630 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Wells Fargo & Company were worth $64,109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Main Street Group LTD boosted its position in shares of Wells Fargo & Company by 36.9% during the 3rd quarter. Main Street Group LTD now owns 438 shares of the financial services provider's stock worth $37,000 after purchasing an additional 118 shares in the last quarter. D Orazio & Associates Inc. grew its stake in shares of Wells Fargo & Company by 3.6% in the 3rd quarter. D Orazio & Associates Inc. now owns 3,436 shares of the financial services provider's stock valued at $288,000 after buying an additional 118 shares during the period. Stonebrook Private Inc. increased its position in Wells Fargo & Company by 2.7% in the 3rd quarter. Stonebrook Private Inc. now owns 4,511 shares of the financial services provider's stock valued at $378,000 after buying an additional 118 shares in the last quarter. Hidden Cove Wealth Management LLC increased its position in Wells Fargo & Company by 2.0% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 5,948 shares of the financial services provider's stock valued at $499,000 after buying an additional 119 shares in the last quarter. Finally, Weaver Consulting Group raised its stake in Wells Fargo & Company by 1.6% during the 3rd quarter. Weaver Consulting Group now owns 7,441 shares of the financial services provider's stock worth $624,000 after buying an additional 119 shares during the period. 75.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on WFC. Royal Bank Of Canada reiterated an "outperform" rating and issued a $100.00 price target on shares of Wells Fargo & Company in a report on Thursday, January 15th. Freedom Capital downgraded Wells Fargo & Company from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 15th. JPMorgan Chase & Co. upped their target price on Wells Fargo & Company from $99.00 to $99.50 and gave the stock a "neutral" rating in a research report on Monday, February 9th. Keefe, Bruyette & Woods increased their target price on Wells Fargo & Company from $92.00 to $101.00 and gave the stock a "market perform" rating in a report on Wednesday, December 17th. Finally, UBS Group reissued a "buy" rating and issued a $113.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $97.03.

Wells Fargo & Company Stock Down 1.5%

Wells Fargo & Company stock opened at $74.11 on Friday. The firm has a 50 day moving average price of $87.72 and a 200-day moving average price of $86.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The company has a market capitalization of $228.67 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.81 and a beta of 1.08.

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

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were paid a $0.45 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Wells Fargo & Company's payout ratio is presently 28.71%.

More Wells Fargo & Company News

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

• Positive Sentiment: Technically deeply oversold and analyst support could spark a relief bounce — MarketBeat notes WFC is trading well below recent highs, its RSI is in oversold territory, and several outlets/analysts maintain Outperform/Buy ratings and high price targets that imply significant upside if sentiment stabilizes. Bargain Alert: Wells Fargo and Goldman Sachs Look Deeply Oversold
• Positive Sentiment: Strategic optionality in digital assets — filings show Wells Fargo has applied for a WFUSD trademark covering stablecoins and blockchain payment services, signaling a possible future new revenue stream (still speculative and regulatory-dependent). Wells Fargo Submits WFUSD Trademark Application
• Neutral Sentiment: Active analyst research flow — Wells Fargo analysts continue to move ratings/targets across sectors (cuts on Aptiv, upgrades in chemicals, positive calls on travel and retail names). This shows robust research activity that can influence trading in other names but is not directly catalytic for WFC’s fundamentals. Wells Fargo Cuts Aptiv Price Target Wells Fargo Upgrades Chemical Stocks
• Negative Sentiment: Earnings, revenue and operational concerns remain — MarketBeat highlights that WFC missed revenue/earnings expectations in January, has a relatively high efficiency ratio vs. peers, and saw headline risk from reported exposure to the failed U.K. mortgage finance firm Market Financial Solutions; those issues help explain selling pressure and could limit near-term multiple expansion. Bargain Alert: Wells Fargo and Goldman Sachs Look Deeply Oversold

Insider Buying and Selling at Wells Fargo & Company

In other news, EVP Kleber Santos sold 25,000 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the transaction, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ellen R. Patterson sold 60,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $87.40, for a total value of $5,244,000.00. Following the transaction, the executive vice president owned 169,496 shares of the company's stock, valued at $14,813,950.40. The trade was a 26.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,000 shares of company stock worth $10,050,000 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

Wells Fargo & 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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