Greenwood Gearhart LLC Sells 28,024 Shares of Wells Fargo & Company $WFC

Key Points

• Greenwood Gearhart LLC cut its Wells Fargo stake by 66.8% in the second quarter, selling 28,024 shares and retaining 13,915 shares valued at approximately $1.15 million. Institutional investors and hedge funds still own 75.9% of WFC.
• Wells Fargo exceeded quarterly expectations, reporting $1.96 in EPS versus the $1.73 consensus and $22.62 billion in revenue, up 8.6% year over year. The company also raised its quarterly dividend to $0.50 per share, equivalent to a 2.3% yield.
• Analysts maintain a generally positive view, with WFC carrying a “Moderate Buy” consensus rating and an average price target of $98.61, compared with an opening price of $85.92.

Greenwood Gearhart LLC reduced its holdings in Wells Fargo & Company (NYSE:WFC) by 66.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,915 shares of the financial services provider's stock after selling 28,024 shares during the quarter. Greenwood Gearhart LLC's holdings in Wells Fargo & Company were worth $1,150,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WFC. Nixon Peabody Trust Co. grew its position in shares of Wells Fargo & Company by 3.6% during the 4th quarter. Nixon Peabody Trust Co. now owns 3,351 shares of the financial services provider's stock worth $312,000 after buying an additional 115 shares during the period. MFA Wealth Services lifted its position in shares of Wells Fargo & Company by 0.7% during the 2nd 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 during the period. Simmons Bank lifted its position in shares of Wells Fargo & Company by 1.9% during the 4th quarter. Simmons Bank now owns 6,359 shares of the financial services provider's stock valued at $593,000 after acquiring an additional 116 shares during the period. Wood Tarver Financial Group LLC boosted its stake in Wells Fargo & Company by 1.6% during the fourth quarter. Wood Tarver Financial Group LLC now owns 7,754 shares of the financial services provider's stock worth $722,000 after acquiring an additional 120 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC boosted its stake in Wells Fargo & Company by 1.8% during the second quarter. Hidden Cove Wealth Management LLC now owns 6,846 shares of the financial services provider's stock worth $566,000 after acquiring an additional 124 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Down 1.7%

Shares of NYSE:WFC opened at $85.92 on Thursday. The stock has a market cap of $259.81 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.95 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76. The business's 50 day moving average is $86.05 and its 200 day moving average is $83.01.

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

Wells Fargo & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 7th. This is a positive change from Wells Fargo & Company's previous quarterly dividend of $0.45. Wells Fargo & Company's dividend payout ratio (DPR) is currently 29.07%.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo still appears attractively valued. A recent analysis said the stock trades below its estimated fair value, while its dividend profile and exposure to a rotation into financial stocks could provide support. However, the bank’s 126.5% three-year total return means investors may be questioning how much future improvement is already reflected in the share price. Wells Fargo Stock Looks Cheap on Fair Value but Full on Earnings
• Positive Sentiment: Dividend-focused coverage described Wells Fargo as a potentially appealing income investment, which may attract investors seeking bank dividends. This is supportive for the long-term investment case, although the article does not identify a new dividend increase or other immediate catalyst. Wells Fargo Could Be a Great Choice
• Neutral Sentiment: Wells Fargo established a new Series HH preferred stock through a certificate of designation. The move may support capital-raising and funding flexibility, but the announcement provides limited information about the size, terms, or near-term effect on common shareholders. Wells Fargo Establishes New Series HH Preferred Stock
• Negative Sentiment: Wells Fargo lagged Bank of America and especially BNY Mellon in 2026, highlighting weaker relative investor performance and potentially prompting portfolio rotation away from WFC. Which Big Bank Stock Has Dominated in 2026
• Negative Sentiment: One market review noted that WFC declined even as market conditions improved, suggesting stock-specific profit-taking or investor concern about valuation and earnings expectations. The company’s latest reported quarter was strong, so the selling appears more related to expectations than an earnings miss. Wells Fargo Stock Declines While Market Improves

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WFC. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wells Fargo & Company in a research note on Friday, July 17th. Robert W. Baird increased their price objective on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. UBS Group reduced their target price on Wells Fargo & Company from $105.00 to $104.00 and set a "buy" rating for the company in a research note on Tuesday, July 7th. Bank of America upped their price target on Wells Fargo & Company from $95.00 to $102.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods cut their price target on Wells Fargo & Company from $98.00 to $94.00 and set a "market perform" rating on the stock in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $98.61.

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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