Rhumbline Advisers Cuts Stock Holdings in Wells Fargo & Company $WFC

Rhumbline Advisers lowered its holdings in Wells Fargo & Company (NYSE:WFC) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,722,978 shares of the financial services provider’s stock after selling 70,652 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Wells Fargo & Company worth $479,700,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WFC. Brighton Jones LLC raised its stake 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 worth $4,652,000 after buying an additional 25,436 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in Wells Fargo & Company by 3.9% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 31,362 shares of the financial services provider’s stock valued at $2,513,000 after acquiring an additional 1,165 shares in the last quarter. Cypress Capital Group purchased a new position in shares of Wells Fargo & Company in the 2nd quarter valued at $205,000. MGO One Seven LLC raised its position in shares of Wells Fargo & Company by 8.1% in the 2nd quarter. MGO One Seven LLC now owns 34,215 shares of the financial services provider’s stock worth $2,741,000 after acquiring an additional 2,557 shares in the last quarter. Finally, Lion Street Advisors LLC purchased a new stake in shares of Wells Fargo & Company during the 2nd quarter worth $226,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analysts Set New Price Targets

WFC has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Wells Fargo & Company from $99.00 to $99.50 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley raised their price target on shares of Wells Fargo & Company from $95.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Wells Fargo & Company in a research report on Thursday, January 15th. Barclays boosted their price objective on shares of Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Finally, Dbs Bank raised shares of Wells Fargo & Company to a “moderate buy” rating in a research report on Tuesday, October 21st. Thirteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and a consensus target price of $97.29.

Wells Fargo & Company News Summary

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

• Positive Sentiment: JPMorgan raised its price target on WFC to $99.50 (from $99.00) while keeping a “neutral” rating; the higher PT signals incremental upside but no change in conviction. Article Title
• Positive Sentiment: Analyst consensus remains favorable — brokerages’ average recommendation is “Moderate Buy,” supporting medium-term demand for the shares. Read More.
• Neutral Sentiment: Wells Fargo presented at the UBS Financial Services Conference — investor takeaways from the transcript will matter for guidance and capital plans, but the presentation alone produced no clear market-moving surprise. Read More.
• Neutral Sentiment: Research pieces evaluating Wells Fargo preferred stock and peer comparisons (Nomura) provide detail for fixed-income and comparative investors but are unlikely to drive large, immediate equity moves. Read More. — Read More.
• Neutral Sentiment: Wells Fargo research commentary on broader consumer trends (e.g., GLP‑1 driven shifts toward protein snacks) highlights the firm’s economic research visibility but is indirect for WFC equity performance. Read More.
• Negative Sentiment: A high-profile customer dispute — Wells Fargo refused to refund a $28K tax payment after a check was stolen — can amplify reputational and litigation concerns and may pressure sentiment among retail investors. Read More.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $91.90 on Wednesday. The stock has a 50-day moving average of $91.94 and a two-hundred day moving average of $85.82. Wells Fargo & Company has a one year low of $58.42 and a one year high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90. The stock has a market cap of $288.48 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.04 and a beta of 1.09.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.10. The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. Wells Fargo & Company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. As a group, research 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 will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 6th. Wells Fargo & Company’s dividend payout ratio is 28.71%.

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.