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

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 Trading Down 0.5%

WFC traded down $0.45 during trading on Tuesday, reaching $82.63. 12,475,945 shares of the company's stock were exchanged, compared to its average volume of 18,737,668. The firm has a fifty day moving average price of $78.14 and a two-hundred day moving average price of $74.78. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.06. Wells Fargo & Company has a one year low of $50.15 and a one year high of $84.83. The stock has a market capitalization of $268.88 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.29 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. Wells Fargo & Company had a net margin of 16.82% and a return on equity of 12.29%. The company had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.83 billion. During the same quarter in the previous year, the company earned $1.33 EPS. Wells Fargo & Company's quarterly revenue was up .6% compared to the same quarter last year. As a group, equities research analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company announced that its board has authorized a share buyback program on Tuesday, April 29th that allows the company to buyback $40.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 17.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wells Fargo & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Friday, August 8th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. This is a boost from Wells Fargo & Company's previous quarterly dividend of $0.40. Wells Fargo & Company's dividend payout ratio is currently 27.40%.

Institutional Investors Weigh In On Wells Fargo & Company

A number of large investors have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Wells Fargo & Company by 2,735,254.3% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 949,769,723 shares of the financial services provider's stock worth $76,095,550,000 after purchasing an additional 949,735,001 shares during the period. Norges Bank purchased a new stake in Wells Fargo & Company in the fourth quarter worth $3,365,658,000. Capital Research Global Investors increased its stake in 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 worth $1,105,218,000 after purchasing an additional 14,210,193 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Wells Fargo & Company by 277.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,740,934 shares of the financial services provider's stock worth $771,092,000 after buying an additional 7,894,919 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Wells Fargo & Company by 7,887.9% during the 1st quarter. GAMMA Investing LLC now owns 3,393,083 shares of the financial services provider's stock worth $243,589,000 after buying an additional 3,350,605 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on WFC. Piper Sandler restated an "overweight" rating on shares of Wells Fargo & Company in a report on Tuesday, July 8th. Bank of America increased their target price on shares of Wells Fargo & Company from $83.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group lowered their target price on shares of Wells Fargo & Company from $92.00 to $91.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Barclays decreased their price target on shares of Wells Fargo & Company from $92.00 to $87.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Cowen reiterated a "hold" rating on shares of Wells Fargo & Company in a report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $80.39.

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.