Wells Fargo & Company (NYSE:WFC) Stock Acquired Sen. Mitch McConnell

Senator Mitch McConnell (R-Kentucky) recently bought shares of Wells Fargo & Company (NYSE:WFC). In a filing disclosed on December 19th, the Senator disclosed that they had bought between $1,001 and $15,000 in Wells Fargo & Company stock on December 1st.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $93.03 on Friday. The firm’s 50 day moving average is $86.77 and its two-hundred day moving average is $82.32. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $94.26. The firm has a market capitalization of $292.03 billion, a P/E ratio of 15.30, a PEG ratio of 0.95 and a beta of 1.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.18. The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.11 billion. Wells Fargo & Company had a return on equity of 12.51% and a net margin of 17.18%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share. Analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, November 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.61%.

Institutional Trading of Wells Fargo & Company

Several hedge funds and other institutional investors have recently modified their holdings of WFC. Access Investment Management LLC acquired a new position in shares of Wells Fargo & Company during the 2nd quarter worth about $25,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Wells Fargo & Company by 585.5% during the first quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider’s stock worth $27,000 after buying an additional 322 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Wells Fargo & Company during the second quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company in the third quarter valued at approximately $27,000. Finally, Marquette Asset Management LLC grew its stake in shares of Wells Fargo & Company by 472.4% in the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 274 shares during the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Wells Fargo & Company from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Evercore ISI lifted their price objective on shares of Wells Fargo & Company from $101.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday. TD Cowen boosted their target price on shares of Wells Fargo & Company from $90.00 to $93.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Cowen restated a “hold” rating on shares of Wells Fargo & Company in a report on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods lifted their price target on Wells Fargo & Company from $92.00 to $101.00 and gave the company a “market perform” rating in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company has an average rating of “Moderate Buy” and an average target price of $92.04.

Key Wells Fargo & Company News

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

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on WFC to $101, signaling analyst confidence in earnings/valuation upside. Keefe, Bruyette & Woods Increases Wells Fargo & Company (NYSE:WFC) Price Target to $101.00
• Positive Sentiment: WSJ reports Wells Fargo’s investment banking franchise is having a best-ever year, boosting fee pipeline and potential higher non-interest income. Strong deal flow is a positive revenue catalyst. Wells Fargo’s Investment Bankers Are Having Their Best Year Ever
• Positive Sentiment: Ares Commercial expanded a Wells Fargo repurchase lending facility, which could generate incremental lending activity and fee revenue tied to repo operations. Ares Commercial Expands Wells Fargo Repurchase Lending Facility
• Neutral Sentiment: Senator Mitch McConnell disclosed a purchase of WFC shares in a STOCK Act filing — notable for optics and retail attention but not a direct company operational signal. Congress Trade: Senator Mitch McConnell Just Disclosed New Stock Trades
• Neutral Sentiment: Elevated investor attention and options activity point to higher short-term volatility and positioning; useful to monitor flows but ambiguous for direction. Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
• Neutral Sentiment: Benzinga pieces on short interest and options trading provide detail on bearish positioning and derivatives flows—important for traders but not definitive on fundamentals. Looking Into Wells Fargo & Co’s Recent Short Interest Unpacking the Latest Options Trading Trends in Wells Fargo
• Negative Sentiment: Wells Fargo disclosed an SEC investigation into its cash sweeps option—this is the most material near-term risk cited today because regulatory findings could lead to fines, remediation costs, or reputational damage. Wells Fargo discloses an SEC investigation into cash sweeps option
• Negative Sentiment: Market-note: a recent Zacks story highlights a modest intraday price drop and short-term weakness despite broader market gains, underscoring near-term volatility. Wells Fargo (WFC) Stock Drops Despite Market Gains: Important Facts to Note

About Senator McConnell

Mitch McConnell (Republican Party) is a member of the U.S. Senate from Kentucky. He assumed office on January 3, 1985. His current term ends on January 3, 2027. McConnell (Republican Party) ran for re-election to the U.S. Senate to represent Kentucky. He won in the general election on November 3, 2020. McConnell is the Senate minority leader in the 118th Congress. He became the minority leader when the Democratic Party gained a majority in the Senate in January 2021.McConnell previously served as Senate majority leader from 2015 to 2021. He was unanimously elected as majority leader by Republicans following the 2014 elections. Before that, he served as Senate minority leader from 2007 to 2015. As Senate majority leader, McConnell set records for the number of judicial nominees confirmed during the first two years of a presidency. As of July 2019, the Senate had confirmed two Supreme Court justices, 41 circuit court appeals judges, and 80 district court judges during President Donald Trump’s presidency. “To put that in context, that’s about one in five of the Courts of Appeals judges nationwide have now been appointed by this president and confirmed by this Senate in two and a half years. And I want you to know that my view is, there will be no vacancies left behind. None,” McConnell said in June 2019. McConnell previously worked as the Deputy U.S. Attorney for Legislative Affairs from 1974 to 1975 and as a judge-executive of Jefferson County, KY, from 1979 to 1985.

About Wells Fargo & Company

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.