Scott Capital Advisors LLC Acquires 42,764 Shares of Wells Fargo & Company $WFC

Key Points

• Scott Capital Advisors increased its Wells Fargo position by 1,380.4% in the third quarter, buying 42,764 shares to reach 45,862 shares valued at approximately $3.68 million.
• Wells Fargo reported quarterly EPS of $1.87, exceeding estimates, while revenue of $21.87 billion missed consensus. Loan and deposit growth remained strong, but provisions for credit losses rose to $1.03 billion.
• The bank raised its quarterly dividend to $0.50 per share, equivalent to a 2.4% annualized yield, and analysts maintain a “Moderate Buy” consensus with an average price target of $99.47.

Scott Capital Advisors LLC raised its holdings in Wells Fargo & Company (NYSE:WFC) by 1,380.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,862 shares of the financial services provider's stock after purchasing an additional 42,764 shares during the period. Wells Fargo & Company accounts for about 0.5% of Scott Capital Advisors LLC's holdings, making the stock its 25th biggest position. Scott Capital Advisors LLC's holdings in Wells Fargo & Company were worth $3,681,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WFC. HF Advisory Group LLC boosted its holdings in Wells Fargo & Company by 5.6% in the 3rd quarter. HF Advisory Group LLC now owns 64,296 shares of the financial services provider's stock worth $5,147,000 after buying an additional 3,413 shares during the period. Balefire LLC boosted its position in shares of Wells Fargo & Company by 7.2% in the third quarter. Balefire LLC now owns 5,996 shares of the financial services provider's stock valued at $480,000 after acquiring an additional 404 shares during the period. Decker Wealth Management LLC purchased a new position in shares of Wells Fargo & Company during the 3rd quarter valued at $332,000. Riversedge Advisors LLC raised its position in shares of Wells Fargo & Company by 27.8% in the third quarter. Riversedge Advisors LLC now owns 6,668 shares of the financial services provider's stock worth $534,000 after buying an additional 1,449 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in Wells Fargo & Company by 3.6% during the third quarter. Wedmont Private Capital now owns 159,800 shares of the financial services provider's stock valued at $13,108,000 after buying an additional 5,488 shares during the period. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Company Price Performance

WFC stock opened at $83.11 on Tuesday. The firm has a market cap of $251.31 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.89 and a beta of 0.96. The firm's fifty day moving average is $85.73 and its 200 day moving average is $83.24. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.85 by $0.02. The firm had revenue of $21.87 billion for the quarter, compared to the consensus estimate of $22.31 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%. Research analysts predict that Wells Fargo & Company will post 7.27 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were issued a $0.50 dividend. This is a boost from Wells Fargo & Company's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. Wells Fargo & Company's payout ratio is 29.07%.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo reported third-quarter net income of approximately $6.0 billion, or $1.87 per diluted share, exceeding the $1.85 analyst consensus. Earnings per share increased 13% year over year. Wells Fargo Posts Strong Third-Quarter 2026 Results
• Positive Sentiment: Underlying banking trends were solid: average loans and deposits each rose 11% from a year earlier, while net interest income increased 5% to $12.52 billion, supported by robust loan growth and interest income. Wells Fargo profit rises on robust loan growth, interest income
• Positive Sentiment: Revenue growth was broad-based, with Consumer Banking and Lending up 5%, Commercial Banking up 6%, Corporate and Investment Banking up 3% and Wealth and Investment Management up 12%. Noninterest expense declined 1% year over year. Wells Fargo in charts: Revenue growth extends across consumer banking and commercial segments
• Positive Sentiment: Wells Fargo repurchased 28.6 million shares for $2.5 billion during the quarter, supporting per-share earnings and signaling continued capital-return capacity.
• Neutral Sentiment: Total revenue reached $21.87 billion, up 2% year over year, but fell short of the $22.31 billion consensus estimate by $450 million and declined 3% sequentially. Wells Fargo GAAP EPS and revenue results
• Negative Sentiment: The provision for credit losses increased to $1.03 billion from $681 million a year earlier, a risk investors may monitor for signs of weakening borrower credit quality.

Wall Street Analyst Weigh In

WFC has been the topic of several research analyst reports. Bank of America upped their price objective on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Morgan Stanley upgraded shares of Wells Fargo & Company from an "equal weight" rating to an "overweight" rating and set a $102.00 price objective on the stock in a research report on Monday, October 5th. Keefe, Bruyette & Woods cut their target price on shares of Wells Fargo & Company from $98.00 to $94.00 and set a "market perform" rating for the company in a research report on Wednesday, July 15th. Truist Financial raised their price target on Wells Fargo & Company from $94.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, October 1st. Finally, JPMorgan Chase & Co. cut their price objective on Wells Fargo & Company from $95.50 to $91.50 and set a "neutral" rating for the company in a report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Wells Fargo & Company has an average rating of "Moderate Buy" and a consensus target price of $99.47.

Wells Fargo & Company Company Profile

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.

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