Insider Selling: Wells Fargo & Company (NYSE:WFC) EVP Sells $2,613,000.00 in Stock

Wells Fargo & Company (NYSE:WFC) EVP Bridget Engle sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.10, for a total value of $2,613,000.00. Following the completion of the sale, the executive vice president directly owned 83,478 shares in the company, valued at approximately $7,270,933.80. The trade was a 26.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wells Fargo & Company Stock Down 5.8%

Shares of NYSE WFC opened at $81.33 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average of $90.72 and a 200-day moving average of $86.50. The firm has a market capitalization of $250.96 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.89 and a beta of 1.08. Wells Fargo & Company has a 12 month low of $58.42 and a 12 month high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The business had revenue of $21.29 billion for the quarter, compared to the consensus estimate of $21.63 billion. During the same period last year, the firm posted $1.43 earnings per share. Wells Fargo & Company’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company’s payout ratio is currently 28.71%.

Key Wells Fargo & Company News

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

• Positive Sentiment: Analyst / internal commentary: Wells Fargo credit analyst Mike Mayo expressed confidence that the firm’s de‑risking in financials is supporting stronger credit trends—this is constructive for loan quality and loss provisions and can ease investor concerns about credit risk. Wells Fargo’s Mike Mayo feels good about de-risking in financials supporting stronger credit
• Neutral Sentiment: Macro/rate context: Coverage pieces on how further Fed rate cuts could affect Wells Fargo note mixed implications—lower rates can pressure net interest income but the stock also has moderately bullish analyst coverage and hedge‑fund interest. Monitor rate‑cut expectations and NII guidance for near‑term impact. What Do Further Rate Cuts Mean for Wells Fargo & Company (WFC)
• Negative Sentiment: Sector pressure: A broader article reports bank and brokerage stocks suffered one of their worst days in months as investors price in potential AI‑driven disruption and other headwinds—this broad negative sentiment toward financials likely amplified selling in WFC. Bank, Brokerage Stocks Suffer Their Worst Day in Months. Here’s Why.
• Negative Sentiment: Insider selling — EVP Bridget E. Engle sold 30,000 WFC shares at an average $87.10 (≈$2.61M); her post‑sale holding fell ~26% — large, disclosed insider sales can weigh on sentiment even if they’re for personal reasons. Bridget E. Engle Form 4
• Negative Sentiment: Insider selling — EVP Ellen R. Patterson sold 60,000 WFC shares at an average $87.40 (≈$5.24M); her post‑sale holding declined ~26% — another large, concurrent insider sale increases near‑term selling pressure and may trigger short‑term investor caution. Ellen R. Patterson Form 4

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WFC shares. Robert W. Baird raised Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price target for the company in a research note on Friday, February 13th. CICC Research started coverage on Wells Fargo & Company in a research report on Wednesday, January 14th. They issued a “market perform” rating and a $96.00 target price for the company. TD Cowen reduced their price target on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, January 15th. Truist Financial lowered their price objective on shares of Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, January 15th. 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. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.03.

Institutional Trading of Wells Fargo & Company

Institutional investors have recently made changes to their positions in the stock. Access Investment Management LLC bought a new stake in Wells Fargo & Company during the 2nd quarter valued at $25,000. Godfrey Financial Associates Inc. purchased a new position in shares of Wells Fargo & Company in the fourth quarter valued at about $25,000. Miller Capital Partners Inc. bought a new position in shares of Wells Fargo & Company during the fourth quarter valued at about $25,000. Navalign LLC purchased a new stake in shares of Wells Fargo & Company during the fourth quarter worth about $26,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company during the third quarter worth about $27,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

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.