Gilpin Wealth Management LLC Makes New $1.70 Million Investment in Wells Fargo & Company $WFC

Key Points

• Gilpin Wealth Management opened a new position in Wells Fargo during the fourth quarter, buying 18,266 shares worth about $1.7 million. The stock now represents about 1.3% of the firm’s holdings.
• Wells Fargo reported Q2 earnings of $1.60 per share, topping analyst expectations, while revenue rose 6.4% year over year. Management also signaled a potential pickup in net interest income and reaffirmed a roughly $50 billion full-year 2026 target.
• The bank continues to pay a quarterly dividend of $0.45 per share, equal to an annualized yield of about 2.2%. At the same time, analysts remain mixed, with an average rating of Moderate Buy and a consensus price target of $97.53.

Gilpin Wealth Management LLC bought a new position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 18,266 shares of the financial services provider's stock, valued at approximately $1,702,000. Wells Fargo & Company accounts for approximately 1.3% of Gilpin Wealth Management LLC's holdings, making the stock its 18th largest position.

Several other hedge funds have also recently bought and sold shares of WFC. Godfrey Financial Associates Inc. acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $25,000. Navalign LLC acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $26,000. Redmont Wealth Advisors LLC acquired a new stake in Wells Fargo & Company during the 3rd quarter worth approximately $27,000. Joseph Group Capital Management acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $28,000. Finally, Core Wealth Advisors LLC acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $29,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Price Performance

NYSE WFC opened at $81.98 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. Wells Fargo & Company has a 12-month low of $71.93 and a 12-month high of $97.76. The company has a market capitalization of $250.88 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The firm's 50 day moving average is $79.44 and its 200-day moving average is $84.67.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same period last year, the company earned $1.39 earnings per share. The firm's revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Wells Fargo & Company will post 6.84 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. Wells Fargo & Company's dividend payout ratio (DPR) is currently 27.78%.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Wells Fargo’s CFO said net interest income should step up in the current quarter and reaffirmed the bank’s roughly $50 billion full-year 2026 NII target, signaling stronger underlying earnings power. Reuters: Wells Fargo CFO signals 'step up' in interest income in second quarter
• Positive Sentiment: Wells Fargo Advisors’ FiNet unit added a $650 million advisory team from Stifel, reinforcing momentum in wealth management and showing the firm can still attract assets and advisors. Yahoo Finance: Wells Fargo’s FiNet Recruits $650 Million Team From Stifel
• Positive Sentiment: The bank also announced a $1.2 million community wealth grant, which supports its public-facing ESG and community investment narrative. Yahoo Finance: Wells Fargo Grant Highlights Community Focus And Potential Valuation Upside
• Neutral Sentiment: Wells Fargo’s presentation at the Morgan Stanley U.S. Financials Conference kept management in the spotlight, but it did not appear to deliver a major new catalyst on its own. Seeking Alpha: Wells Fargo & Company Presents at Morgan Stanley US Financials Conference 2026 Transcript
• Negative Sentiment: The Justice Department reportedly subpoenaed Wells Fargo as part of a widening investigation into alleged politically motivated debanking, which could add legal and reputational pressure. PYMNTS: Feds Subpoena Wall Street Giants in Widening Debanking Investigation

Analyst Ratings Changes

Several analysts have commented on WFC shares. The Goldman Sachs Group dropped their target price on shares of Wells Fargo & Company from $109.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, March 23rd. Keefe, Bruyette & Woods lowered their price objective on shares of Wells Fargo & Company from $101.00 to $98.00 and set a "market perform" rating on the stock in a report on Wednesday, April 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Wells Fargo & Company in a report on Monday, April 20th. KGI Securities downgraded shares of Wells Fargo & Company to a "hold" rating in a report on Thursday, April 16th. Finally, Barclays lowered their price objective on shares of Wells Fargo & Company from $113.00 to $108.00 and set an "overweight" rating on the stock in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company currently has an average rating of "Moderate Buy" and an average price target of $97.53.

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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