Wells Fargo & Company $WFC Shares Purchased by Fidelis Capital Partners LLC

Key Points

• Fidelis Capital Partners LLC increased its Wells Fargo stake by 77.8% in the fourth quarter, buying an additional 31,080 shares and bringing its total holding to 71,018 shares worth about $6.62 million.
• Other institutional investors also boosted their positions, and overall institutions now own 75.9% of Wells Fargo’s stock, signaling continued professional interest in the bank.
• Recent company updates were mostly mixed to positive: Wells Fargo expects mid-teen growth in investment banking and trading revenue in the second quarter and is pursuing new lending opportunities, but the stock remains under pressure amid legal/regulatory overhangs and weaker recent price performance.

Fidelis Capital Partners LLC grew its position in shares of Wells Fargo & Company (NYSE:WFC) by 77.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 71,018 shares of the financial services provider's stock after purchasing an additional 31,080 shares during the quarter. Fidelis Capital Partners LLC's holdings in Wells Fargo & Company were worth $6,619,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Wells Fargo & Company by 62.3% in the 4th quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider's stock valued at $4,652,000 after acquiring an additional 25,436 shares during the last quarter. Jump Financial LLC grew its stake in shares of Wells Fargo & Company by 12.9% in the 2nd quarter. Jump Financial LLC now owns 22,904 shares of the financial services provider's stock worth $1,835,000 after purchasing an additional 2,615 shares during the last quarter. Main Street Financial Solutions LLC raised its holdings in shares of Wells Fargo & Company by 111.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 14,008 shares of the financial services provider's stock worth $1,122,000 after purchasing an additional 7,368 shares in the last quarter. Vivaldi Capital Management LP raised its holdings in shares of Wells Fargo & Company by 5.4% in the 2nd quarter. Vivaldi Capital Management LP now owns 3,229 shares of the financial services provider's stock worth $259,000 after purchasing an additional 165 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its stake in Wells Fargo & Company by 51.2% during the second quarter. Diversify Advisory Services LLC now owns 25,718 shares of the financial services provider's stock valued at $2,044,000 after purchasing an additional 8,714 shares during the last quarter. Institutional investors own 75.90% of the company's stock.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: CEO Charlie Scharf said Wells Fargo expects investment banking and trading revenue to grow by mid-teen percentages in the second quarter, signaling improving fee-based momentum and helping support the bank’s earnings outlook. Wells Fargo CEO sees mid-teens growth in investment banking, trading
• Positive Sentiment: Wells Fargo also highlighted mortgage incentives tied to ICON’s 3D-printed homes, showing efforts to expand lending opportunities and grow originations in niche housing markets. Wells Fargo to offer mortgage incentives on 3D printed homes with Icon
• Neutral Sentiment: The company presented at Bernstein’s Strategic Decisions Conference, which may have kept Wells Fargo in focus but did not by itself add a major new catalyst. Wells Fargo & Company (WFC) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Several articles reiterated Wells Fargo as a dividend stock and discussed its longer-term recovery potential, but these were largely commentary pieces rather than new fundamental developments. Wells Fargo (WFC) is a Top Dividend Stock Right Now: Should You Buy?
• Negative Sentiment: Recent coverage noted that WFC shares have fallen sharply year to date and were down again after a six-day rally, suggesting investors are still wary about the stock’s near-term momentum. Wells Fargo (WFC) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: Investor attention also remains on Wells Fargo’s still-elevated legal and regulatory overhangs, including a reported $100 million settlement tied to struggling homebuyers. Wells Fargo settlement will pay 100M to help struggling homebuyers in 51 cities

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $76.02 on Thursday. The company's fifty day moving average is $79.02 and its two-hundred day moving average is $85.03. 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 cap of $232.65 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 0.91 and a beta of 0.96.

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

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 8th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. Wells Fargo & Company's dividend payout ratio (DPR) is presently 27.78%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Wells Fargo & Company in a report on Monday, April 20th. Keefe, Bruyette & Woods reduced their price objective on Wells Fargo & Company from $101.00 to $98.00 and set a "market perform" rating for the company in a research note on Wednesday, April 15th. Phillip Securities upgraded Wells Fargo & Company from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, May 7th. JPMorgan Chase & Co. reduced their target price on Wells Fargo & Company from $91.00 to $86.50 and set a "neutral" rating for the company in a report on Thursday, April 30th. Finally, Robert W. Baird upgraded Wells Fargo & Company from an "underperform" rating to a "neutral" rating and set a $85.00 price target for the company in a research report on Friday, February 13th. Two investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $97.53.

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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