Rep. Lloyd Smucker Sells Off Shares of Wells Fargo & Company (NYSE:WFC)

Representative Lloyd Smucker (Republican-Pennsylvania) recently sold shares of Wells Fargo & Company NYSE: WFC. In a filing disclosed on April 30th, the Representative disclosed that they had sold between $15,001 and $50,000 in Wells Fargo & Company stock on April 23rd. The trade occurred in the Representative's "SALE OF SPOUSE INHERITED ASSETS" account.

Representative Lloyd Smucker also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Verizon Communications NYSE: VZ on 4/23/2026.
• Sold $1,001 - $15,000 in shares of ENB Financial OTCMKTS: ENBP on 4/23/2026.
• Sold $50,001 - $100,000 in shares of Fulton Financial NASDAQ: FULT on 4/23/2026.
• Sold $1,001 - $15,000 in shares of Prudential Financial NYSE: PRU on 4/23/2026.
• Sold $100,001 - $250,000 in shares of Fulton Financial NASDAQ: FULT on 4/17/2026.
• Sold $1,001 - $15,000 in shares of Truist Financial NYSE: TFC on 4/17/2026.

Wells Fargo & Company Stock Down 1.6%

WFC opened at $80.90 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. Wells Fargo & Company has a fifty-two week low of $71.89 and a fifty-two week high of $97.76. The firm's fifty day moving average is $80.85 and its 200 day moving average is $86.14. The stock has a market cap of $247.56 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 0.97 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company had revenue of $11.62 billion for the quarter, compared to analysts' expectations of $21.85 billion. During the same quarter in the previous year, the company earned $1.39 EPS. Wells Fargo & Company's revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that Wells Fargo & Company will post 6.82 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 8th will be paid 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 dividend yield of 2.2%. Wells Fargo & Company's payout ratio is 27.78%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WFC shares. Wall Street Zen cut shares of Wells Fargo & Company from a "hold" rating to a "sell" rating in a research note on Saturday, April 25th. Wolfe Research reiterated an "outperform" rating and issued a $109.00 price target on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Morgan Stanley decreased their price target on shares of Wells Fargo & Company from $108.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 31st. KGI Securities cut shares of Wells Fargo & Company to a "hold" rating in a research note on Thursday, April 16th. Finally, Freedom Capital cut shares of Wells Fargo & Company from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $97.53.

More Wells Fargo & Company News

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

• Positive Sentiment: Shareholders approved the board slate, executive pay and the auditor at the April 28 annual meeting, reducing governance uncertainty that has weighed on WFC in prior years. Wells Fargo Shareholders Back Board, Pay and Auditor
• Positive Sentiment: Wells Fargo is partnering with Mastercard to improve B2B card payments — a strategic product initiative that could help grow fee income and commercial card penetration over time. Mastercard and Wells Fargo Target the Friction Slowing B2B Cards
• Neutral Sentiment: Wells Fargo analysts remain active on other names (e.g., reiterating a Buy on Hinge Health), a sign the bank’s research franchise is operating normally but with limited direct impact on WFC’s share price. Analyst Reiterates Buy on Hinge Health
• Neutral Sentiment: Wells Fargo’s research has influenced other coverage (for example, an upgrade at OGE noted Wells Fargo’s inputs) — informative for reputation but not a direct stock driver for WFC. OGE Stock Raised To $47 As Analysts See New Momentum Building
• Negative Sentiment: JPMorgan cut its price target on WFC from $91 to $86.50 and moved to a "neutral" rating — an analyst downgrade/call that can pressure the stock by reducing upside expectations and prompting some investors to trim positions. JPMorgan Lowers Price Target on Wells Fargo
• Negative Sentiment: Media narratives question whether large banks will lose ground to fintech — a thematic risk that can weigh on valuation multiples for incumbents like WFC if investors rotate into fintech growth stories. Should You Forget Big Banks and Bet on Fintech Instead?
• Negative Sentiment: Ongoing concerns about banks’ exposure to private credit are front‑and‑center; any material exposure or stress in that sector could create credit‑loss risk for WFC and keep sentiment muted. Here's How Much Exposure JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup Have to Private Credit
• Negative Sentiment: WFC’s CEO offered a blunt take on the U.S. economy in recent comments, which may reinforce cautious investor views on loan growth and credit quality if macro concerns persist. Wells Fargo CEO puts blunt label on U.S. economy

Insider Transactions at Wells Fargo & Company

In other news, EVP Kleber Santos sold 25,000 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $87.72, for a total value of $2,193,000.00. Following the completion of the sale, the executive vice president owned 79,876 shares of the company's stock, valued at $7,006,722.72. This represents a 23.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bridget E. Engle sold 30,000 shares of the company's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the completion of the transaction, the executive vice president owned 83,478 shares of the company's stock, valued at $7,270,933.80. This trade represents a 26.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,000 shares of company stock valued at $10,050,000 over the last 90 days. Corporate insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Wells Fargo & Company

Several large investors have recently made changes to their positions in WFC. Brighton Jones LLC increased its position in shares of 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 worth $4,652,000 after acquiring an additional 25,436 shares in the last quarter. Jump Financial LLC increased its position in shares of Wells Fargo & Company by 12.9% in the second quarter. Jump Financial LLC now owns 22,904 shares of the financial services provider's stock worth $1,835,000 after acquiring an additional 2,615 shares in the last quarter. Main Street Financial Solutions LLC increased its position in shares of Wells Fargo & Company by 111.0% in the second quarter. Main Street Financial Solutions LLC now owns 14,008 shares of the financial services provider's stock worth $1,122,000 after acquiring an additional 7,368 shares in the last quarter. Vivaldi Capital Management LP increased its position in shares of Wells Fargo & Company by 5.4% in the second quarter. Vivaldi Capital Management LP now owns 3,229 shares of the financial services provider's stock worth $259,000 after acquiring an additional 165 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its position in shares of Wells Fargo & Company by 51.2% in the second quarter. Diversify Advisory Services LLC now owns 25,718 shares of the financial services provider's stock worth $2,044,000 after acquiring an additional 8,714 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company's stock.

About Representative Smucker

Lloyd Smucker (Republican Party) is a member of the U.S. House, representing Pennsylvania's 11th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Smucker (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 11th Congressional District. He declared candidacy for the 2026 election. Smucker attended Franklin and Marshall and Lebanon Valley Colleges. His professional experience includes owning his own construction company from 1981 to 2005.

Wells Fargo & Company 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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