Rep. Julie Johnson Sells Wells Fargo & Company (NYSE:WFC) Stock

Key Points

• Representative Julie Johnson sold shares of Wells Fargo & Company (NYSE:WFC) for between $1,001 and $15,000 on August 14th, as disclosed in a filing on September 11th.
• Wells Fargo reported a quarterly EPS of $1.54, surpassing analysts' expectations, and announced a dividend increase to $0.45 per share.
• The stock is currently rated as a "Moderate Buy" by analysts, with price targets ranging from $77 to $90, indicating positive market sentiment.

Representative Julie Johnson (D-Texas) recently sold shares of Wells Fargo & Company NYSE: WFC. In a filing disclosed on September 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Wells Fargo & Company stock on August 14th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 8/14/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 8/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 8/14/2025.

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock traded up $0.21 during trading hours on Friday, hitting $81.46. 10,497,290 shares of the company were exchanged, compared to its average volume of 12,889,268. Wells Fargo & Company has a 1 year low of $51.75 and a 1 year high of $84.83. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average of $80.38 and a 200-day moving average of $75.14. The stock has a market capitalization of $260.95 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 1.27 and a beta of 1.25.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.41 by $0.13. Wells Fargo & Company had a return on equity of 12.29% and a net margin of 16.82%.The business had revenue of $20.82 billion during the quarter, compared to analysts' expectations of $20.83 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts expect that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 8th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. This is a boost from Wells Fargo & Company's previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 8th. Wells Fargo & Company's dividend payout ratio (DPR) is currently 30.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WFC shares. Morgan Stanley upped their price target on Wells Fargo & Company from $77.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Piper Sandler restated an "overweight" rating on shares of Wells Fargo & Company in a research note on Tuesday, July 8th. Cowen restated a "hold" rating on shares of Wells Fargo & Company in a research note on Wednesday, July 16th. Dbs Bank upgraded Wells Fargo & Company from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Finally, Bank of America upped their price target on Wells Fargo & Company from $83.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $82.56.

Institutional Investors Weigh In On Wells Fargo & Company

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Wells Fargo & Company by 62.3% in the fourth quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider's stock valued at $4,652,000 after purchasing an additional 25,436 shares during the last quarter. Gotham Asset Management LLC grew its holdings in Wells Fargo & Company by 2.8% in the fourth quarter. Gotham Asset Management LLC now owns 75,310 shares of the financial services provider's stock valued at $5,290,000 after purchasing an additional 2,064 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Wells Fargo & Company by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 449,831 shares of the financial services provider's stock valued at $31,615,000 after purchasing an additional 7,959 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new stake in Wells Fargo & Company in the fourth quarter valued at $39,000. Finally, Northeast Financial Consultants Inc grew its holdings in Wells Fargo & Company by 13.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 5,186 shares of the financial services provider's stock valued at $364,000 after purchasing an additional 615 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About Wells Fargo & Company

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.

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