Rep. J. French Hill Sells Wells Fargo & Company (NYSE:WFC) Stock

Key Points

• Representative J. French Hill sold shares of Wells Fargo & Company (NYSE: WFC) valued between $15,001 and $50,000 from his trust account on June 23rd.
• Wells Fargo reported $1.54 earnings per share in its latest quarterly results, outperforming estimates of $1.41 and showing a year-over-year revenue increase of 0.6%.
• The bank has enacted a $40 billion share repurchase program, signifying management's belief that the stock is undervalued, while maintaining a current dividend yield of 1.90%.

Representative J. French Hill (R-Arkansas) recently sold shares of Wells Fargo & Company NYSE: WFC. In a filing disclosed on July 24th, the Representative disclosed that they had sold between $15,001 and $50,000 in Wells Fargo & Company stock on June 23rd. The trade occurred in the Representative's "J FRENCH HILL - REVOCABLE TRUST" account.

Representative J. French Hill also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Loews NYSE: L on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Fortrea NASDAQ: FTRE on 6/23/2025.
• Purchased $50,001 - $100,000 in shares of Markel Group NYSE: MKL on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Vitesse Energy NYSE: VTS on 6/23/2025.
• Sold $50,001 - $100,000 in shares of Lazard NYSE: LAZ on 6/23/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Spectrum Brands NYSE: SPB on 6/23/2025.
• Purchased $15,001 - $50,000 in shares of Markel Group NYSE: MKL on 6/23/2025.
• Sold $100,001 - $250,000 in shares of Blackstone NYSE: BX on 6/23/2025.
• Sold $15,001 - $50,000 in shares of Regions Financial NYSE: RF on 6/23/2025.

Wells Fargo & Company Stock Performance

NYSE:WFC traded up $0.38 during midday trading on Friday, reaching $84.25. The stock had a trading volume of 14,071,803 shares, compared to its average volume of 19,653,194. Wells Fargo & Company has a 1-year low of $50.15 and a 1-year high of $84.83. The firm's fifty day simple moving average is $77.86 and its 200-day simple moving average is $74.59. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $274.16 billion, a P/E ratio of 14.43, a PEG ratio of 1.30 and a beta of 1.16.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.13. The firm had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.83 billion. Wells Fargo & Company had a return on equity of 12.29% and a net margin of 16.82%. The company's revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. On average, equities research analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 29th that authorizes the company to buyback $40.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 17.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Friday, May 9th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, May 9th. Wells Fargo & Company's dividend payout ratio is 27.40%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WFC shares. Cowen restated a "hold" rating on shares of Wells Fargo & Company in a research note on Wednesday, July 16th. JPMorgan Chase & Co. decreased their price target on shares of Wells Fargo & Company from $82.00 to $73.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley lifted their target price on Wells Fargo & Company from $77.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group decreased their target price on Wells Fargo & Company from $92.00 to $91.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Finally, Evercore ISI reissued an "outperform" rating on shares of Wells Fargo & Company in a report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.39.

Institutional Trading of Wells Fargo & Company

Several hedge funds and other institutional investors have recently modified their holdings of WFC. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Wells Fargo & Company by 2,735,254.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 949,769,723 shares of the financial services provider's stock valued at $76,095,550,000 after purchasing an additional 949,735,001 shares during the last quarter. Norges Bank acquired a new stake in Wells Fargo & Company in the 4th quarter valued at $3,365,658,000. Northern Trust Corp increased its position in shares of Wells Fargo & Company by 10.7% in the fourth quarter. Northern Trust Corp now owns 34,339,295 shares of the financial services provider's stock valued at $2,411,992,000 after acquiring an additional 3,307,855 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Wells Fargo & Company by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 20,497,429 shares of the financial services provider's stock valued at $1,471,259,000 after acquiring an additional 128,207 shares during the last quarter. Finally, Capital Research Global Investors increased its position in shares of Wells Fargo & Company by 932.0% in the fourth quarter. Capital Research Global Investors now owns 15,734,874 shares of the financial services provider's stock valued at $1,105,218,000 after acquiring an additional 14,210,193 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company's stock.

About Representative Hill

French Hill (Republican Party) is a member of the U.S. House, representing Arkansas' 2nd Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Hill (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 2nd Congressional District. He declared candidacy for the 2026 election. Hill is the founder and chairman of Delta Trust & Bank. He has served as senior policy advisor to President George H.W. Bush, Deputy Assistant Secretary of the U.S. Treasury and senior advisor to Governor Mike Huckabee.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.