Wells Fargo & Company (NYSE:WFC) Stock Unloaded Sen. Shelley Moore Capito

Senator Shelley Moore Capito (R-West Virginia) recently sold shares of Wells Fargo & Company NYSE: WFC. In a filing disclosed on July 04th, the Senator disclosed that they had sold between $1,001 and $15,000 in Wells Fargo & Company stock on June 18th.

Senator Shelley Moore Capito also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 6/18/2025.
• Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 6/18/2025.
• Sold $1,001 - $15,000 in shares of Citigroup NYSE: C on 6/18/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 6/18/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 5/8/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 4/11/2025.
• Sold $1,001 - $15,000 in shares of NIKE NYSE: NKE on 4/10/2025.

Wells Fargo & Company Price Performance

NYSE:WFC traded up $0.93 during trading hours on Friday, reaching $80.64. 21,202,185 shares of the company's stock were exchanged, compared to its average volume of 17,438,417. The company has a market capitalization of $262.42 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16. Wells Fargo & Company has a 12 month low of $50.15 and a 12 month high of $83.95. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. The business's 50-day simple moving average is $77.14 and its two-hundred day simple moving average is $74.18.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.13. The company had revenue of $20.82 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 EPS. Sell-side analysts expect that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Friday, May 9th were paid a $0.40 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. Wells Fargo & Company's dividend payout ratio is currently 27.40%.

Wells Fargo & Company announced that its board has approved a stock repurchase plan on Tuesday, April 29th that allows the company to buyback $40.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 17.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Wells Fargo & Company

Hedge funds have recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in Wells Fargo & Company during the fourth quarter valued at about $26,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Wells Fargo & Company by 585.5% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 322 shares in the last quarter. Investment Counsel Co. of Nevada acquired a new stake in Wells Fargo & Company in the 4th quarter worth approximately $28,000. BNP Paribas acquired a new stake in Wells Fargo & Company in the 4th quarter worth approximately $28,000. Finally, Motco boosted its position in Wells Fargo & Company by 397.6% during the first quarter. Motco now owns 408 shares of the financial services provider's stock worth $29,000 after purchasing an additional 326 shares during the period. Institutional investors and hedge funds own 75.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Bank of America lifted 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. Cowen reiterated a "hold" rating on shares of Wells Fargo & Company in a report on Wednesday. Barclays cut 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 report on Monday, April 14th. Morgan Stanley raised their price objective on shares of Wells Fargo & Company from $77.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Wells Fargo & Company in a research report on Tuesday, July 8th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.39.

About Senator Capito

Shelley Moore Capito (Republican Party) is a member of the U.S. Senate from West Virginia. She assumed office on January 3, 2015. Her current term ends on January 3, 2027. Capito (Republican Party) ran for re-election to the U.S. Senate to represent West Virginia. She won in the general election on November 3, 2020. Capito was first elected to the Senate in 2014, becoming the first female U.S. Senator in the state's history. Prior to serving in the Senate, Capito was a member of the West Virginia House of Representatives from 1997 to 2001 and a member of the United States House of Representatives from 2001 to 2015. At the start of the 116th Congress, Capito was a member of the U.S. Senate committees on Appropriations, Commerce, Science, and Transportation, Environment and Public Works, and Rules and Administration. As of a 2014 analysis of multiple outside rankings, Capito is a more moderate right of center Republican Party vote. As a result, she may break with the Republican Party line more than her fellow members. Capito earned her bachelor's degree from Duke University. After earning her M.Ed. from the University of Virginia, Capito was a college counselor and then director of an educational information center. She was the only Republican in the West Virginia congressional delegation until the 2010 elections and is the first Republican woman elected to Congress from West Virginia. Capito is a former chairwoman of the Congressional Caucus for Women's Issues, as well as a member of the Congressional Arts Caucus. After an explosion responsible for the death of 29 coal workers, Capito founded the Congressional Coal Caucus. Prior to her election to the U.S. House, Capito served in the West Virginia House of Delegates.

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.

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