Stoneridge Investment Partners LLC Makes New $1.04 Million Investment in Wells Fargo & Company $WFC

Key Points

• Stoneridge Investment Partners purchased 12,082 Wells Fargo shares worth approximately $1.04 million, while institutional investors collectively own 75.9% of the company.
• Wells Fargo exceeded quarterly expectations with $1.96 in earnings per share and $22.62 billion in revenue, including 8.6% year-over-year revenue growth.
• Analysts maintain a “Moderate Buy” consensus with a $98.61 target price. The company also raised its quarterly dividend to $0.50 per share, implying a 2.4% annual yield.

Stoneridge Investment Partners LLC acquired a new position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,082 shares of the financial services provider's stock, valued at approximately $1,044,000.

Several other institutional investors have also recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new position in Wells Fargo & Company in the fourth quarter valued at $25,000. Miller Capital Partners Inc. acquired a new position in shares of Wells Fargo & Company in the fourth quarter worth about $25,000. Navalign LLC purchased a new stake in shares of Wells Fargo & Company during the 4th quarter worth about $26,000. Joseph Group Capital Management purchased a new stake in shares of Wells Fargo & Company during the 4th quarter worth about $28,000. Finally, Core Wealth Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at about $29,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley boosted their price objective on Wells Fargo & Company from $97.00 to $102.00 and gave the company an "equal weight" rating in a research report on Monday, June 29th. Keefe, Bruyette & Woods dropped their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 15th. Wall Street Zen raised shares of Wells Fargo & Company from a "sell" rating to a "hold" rating in a report on Sunday, June 14th. Truist Financial upped their price objective on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Finally, UBS Group dropped their target price on shares of Wells Fargo & Company from $105.00 to $104.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.61.

Wells Fargo & Company Trading Down 2.6%

Shares of Wells Fargo & Company stock opened at $83.69 on Friday. The stock has a market cap of $253.08 billion, a P/E ratio of 12.16, a P/E/G ratio of 0.93 and a beta of 0.92. The stock's 50 day simple moving average is $86.08 and its 200-day simple moving average is $82.97. Wells Fargo & Company has a 1-year low of $72.78 and a 1-year high of $97.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90.

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

Wells Fargo & Company Increases Dividend

The company also recently declared 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 is a positive change from Wells Fargo & Company's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. Wells Fargo & Company's dividend payout ratio is currently 29.07%.

More Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo established a new Series HH preferred stock, expanding its capital-raising options. A related analysis highlights the preferred shares’ roughly 6.6% yield, which may appeal to income-focused investors and support interest in Wells Fargo’s securities. Skip The CDs For Wells Fargo's 6.6% Yielding Preferred Share Wells Fargo Establishes New Series HH Preferred Stock
• Positive Sentiment: Valuation commentary says WFC still appears discounted to an intrinsic-value estimate after generating a 126.5% total return over three years. That suggests potential long-term upside, although the size of the discount may be narrowing. Wells Fargo Stock Looks Cheap On Fair Value But Full On Earnings
• Neutral Sentiment: Recent fundamental performance remains solid: Wells Fargo’s latest reported quarter exceeded earnings and revenue estimates, with year-over-year revenue growth. However, investors may be weighing those results against the stock’s already substantial gains.
• Negative Sentiment: Wells Fargo has lagged some major-bank peers in 2026, particularly BNY Mellon, highlighting concerns that its business mix may be less favorable in the current market environment. Which Big Bank Stock Has Dominated in 2026
• Negative Sentiment: Commentary noting that WFC looks attractive on fair value but “full” on earnings suggests investors may be taking profits or demanding stronger catalysts before pushing the stock higher. Separate market coverage also recorded a recent decline while the broader market improved, indicating relative selling pressure. Wells Fargo Stock Declines While Market Improves

About Wells Fargo & Company

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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