Oak Thistle LLC grew its position in shares of Wells Fargo & Company (NYSE:WFC) by 546.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,033 shares of the financial services provider's stock after acquiring an additional 17,780 shares during the quarter. Oak Thistle LLC's holdings in Wells Fargo & Company were worth $1,960,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WFC. Hilton Capital Management LLC acquired a new stake in shares of Wells Fargo & Company in the second quarter valued at about $3,656,000. Diversified Trust Co. grew its stake in shares of Wells Fargo & Company by 59.7% in the fourth quarter. Diversified Trust Co. now owns 35,285 shares of the financial services provider's stock valued at $3,289,000 after buying an additional 13,196 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of Wells Fargo & Company in the third quarter valued at about $147,165,000. Guerra Advisors Inc grew its stake in shares of Wells Fargo & Company by 43.2% in the third quarter. Guerra Advisors Inc now owns 38,439 shares of the financial services provider's stock valued at $3,222,000 after buying an additional 11,594 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Wells Fargo & Company by 1,121.0% in the third quarter. AlphaQuest LLC now owns 24,079 shares of the financial services provider's stock valued at $2,018,000 after buying an additional 22,107 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Wells Fargo & Company
In related news, EVP Bridget E. Engle sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the sale, the executive vice president directly owned 83,478 shares in the company, valued at $7,270,933.80. This trade represents a 26.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ellen R. Patterson sold 60,000 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of the sale, the executive vice president owned 169,496 shares in the company, valued at approximately $14,813,950.40. This represents a 26.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,000 shares of company stock worth $10,050,000 in the last three months. 0.08% of the stock is owned by company insiders.
Wells Fargo & Company Stock Up 3.6%
WFC opened at $84.72 on Thursday. Wells Fargo & Company has a 12 month low of $59.43 and a 12 month high of $97.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $261.40 billion, a P/E ratio of 13.51, a P/E/G ratio of 0.86 and a beta of 1.06. The stock's 50 day moving average price is $83.48 and its 200 day moving average price is $86.19.
Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The firm had revenue of $21.29 billion for the quarter, compared to analysts' expectations of $21.63 billion. During the same period last year, the firm earned $1.43 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. As a group, research analysts predict that Wells Fargo & Company will post 5.89 earnings per share for the current year.
Wells Fargo & Company Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 6th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, February 6th. Wells Fargo & Company's dividend payout ratio (DPR) is currently 28.71%.
Analyst Ratings Changes
WFC has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Wells Fargo & Company from $99.50 to $91.00 and set a "neutral" rating for the company in a research note on Tuesday. UBS Group reiterated a "buy" rating and issued a $113.00 target price on shares of Wells Fargo & Company in a research note on Wednesday, February 4th. Truist Financial lowered their target price on Wells Fargo & Company from $98.00 to $94.00 and set a "buy" rating for the company in a research note on Tuesday, March 17th. Evercore reiterated an "outperform" rating on shares of Wells Fargo & Company in a research note on Friday, March 6th. Finally, TD Cowen lowered their target price on Wells Fargo & Company from $102.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $97.70.
Read Our Latest Analysis on Wells Fargo & Company
Key Wells Fargo & Company News
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: Jefferies initiated coverage with a Buy and $100 price target, calling Wells Fargo the start of a multi-year recovery — a clear analyst endorsement that supports buying interest. Read More.
- Positive Sentiment: Macro relief from the Iran ceasefire has lifted bank sector sentiment and Zacks notes JPMorgan, Citigroup and Wells Fargo kick off the March‑quarter reporting season on April 14 — a healthier macro backdrop (lower oil/geo risk) can boost bank trading multiples and loan outlooks. Read More.
- Positive Sentiment: Wells Fargo completed senior unsecured note offerings (2029–2046 maturities) and expanded an FX payments partnership that enables community banks to send currency wires — moves that improve funding flexibility and fee‑product distribution. Read More.
- Neutral Sentiment: Wells Fargo announced a $6M philanthropic investment in West Charlotte — positive for community relations and brand, but unlikely to move earnings materially. Read More.
- Negative Sentiment: Zacks and other preview pieces flag that Wells Fargo may lack the right mix to deliver an earnings beat next week — lowered beat odds can pressure the stock around the report. Read More.
- Negative Sentiment: JPMorgan trimmed its price target on WFC to $91 and set a Neutral rating, a downgrade in upside expectation that can cap near-term analyst-driven gains. Read More.
Wells Fargo & Company Profile
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Free Report)
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.
Further Reading
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