Rep. Jefferson Shreve Buys Wells Fargo & Company (NYSE:WFC) Stock

Representative Jefferson Shreve (R-Indiana) recently bought shares of Wells Fargo & Company NYSE: WFC. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Wells Fargo & Company stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Wells Fargo & Company Stock Performance

Shares of NYSE:WFC traded up $0.65 on Friday, hitting $64.63. 18,930,900 shares of the company were exchanged, compared to its average volume of 17,611,591. The firm has a market capitalization of $211.02 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.18 and a beta of 1.02. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock's 50 day moving average price is $71.53 and its 200 day moving average price is $70.98. Wells Fargo & Company has a 1-year low of $50.15 and a 1-year high of $81.50.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.16. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm had revenue of $20.15 billion during the quarter, compared to analysts' expectations of $20.82 billion. During the same period last year, the business posted $1.20 earnings per share. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. Sell-side analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 2.48%. Wells Fargo & Company's payout ratio is 28.73%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America dropped their target price on Wells Fargo & Company from $85.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Citigroup decreased their target price on Wells Fargo & Company from $82.00 to $78.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Raymond James cut their price target on shares of Wells Fargo & Company from $88.00 to $78.00 and set a "strong-buy" rating for the company in a report on Monday. Piper Sandler decreased their price objective on shares of Wells Fargo & Company from $77.00 to $75.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Truist Financial cut their target price on shares of Wells Fargo & Company from $84.00 to $73.00 and set a "buy" rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.34.

Institutional Investors Weigh In On Wells Fargo & Company

Several hedge funds and other institutional investors have recently bought and sold shares of WFC. Sunbelt Securities Inc. lifted its stake in shares of Wells Fargo & Company by 4.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 23,830 shares of the financial services provider's stock valued at $1,346,000 after purchasing an additional 1,027 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Wells Fargo & Company by 1.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 30,826 shares of the financial services provider's stock valued at $1,747,000 after acquiring an additional 521 shares during the period. Morse Asset Management Inc acquired a new stake in Wells Fargo & Company in the 3rd quarter valued at approximately $487,000. Tudor Financial Inc. purchased a new position in shares of Wells Fargo & Company during the third quarter worth $468,000. Finally, Anchor Investment Management LLC raised its holdings in shares of Wells Fargo & Company by 5.5% in the 3rd quarter. Anchor Investment Management LLC now owns 15,903 shares of the financial services provider's stock valued at $898,000 after buying an additional 836 shares during the period. 75.90% of the stock is currently owned by institutional investors and hedge funds.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.