Wells Fargo & Company $WFC Stock Holdings Reduced by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. reduced its position in Wells Fargo & Company (NYSE:WFC) by 69.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,633 shares of the financial services provider’s stock after selling 12,660 shares during the period. Capital Group Private Client Services Inc.’s holdings in Wells Fargo & Company were worth $472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WFC. Redmont Wealth Advisors LLC bought a new position in Wells Fargo & Company during the third quarter valued at about $27,000. Marquette Asset Management LLC grew its holdings in Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of Wells Fargo & Company in the third quarter valued at approximately $30,000. Kilter Group LLC bought a new position in shares of Wells Fargo & Company in the second quarter valued at approximately $31,000. Finally, Aventus Investment Advisors Inc. acquired a new stake in shares of Wells Fargo & Company in the third quarter worth $37,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WFC has been the topic of a number of research analyst reports. Argus raised their target price on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. boosted their target price on shares of Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Truist Financial decreased their price target 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. CICC Research assumed coverage on Wells Fargo & Company in a research report on Wednesday, January 14th. They issued a “market perform” rating and a $96.00 price target on the stock. Finally, Freedom Capital lowered 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 given a Hold rating to the stock. According to MarketBeat, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus target price of $97.03.

Wells Fargo & Company Stock Down 1.9%

Shares of WFC opened at $76.85 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average price of $88.50 and a two-hundred day moving average price of $86.59. The stock has a market cap of $237.13 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 0.85 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 released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.10. The company had revenue of $21.29 billion for the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. Equities analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, February 6th. Wells Fargo & Company’s payout ratio is currently 28.71%.

Insider Transactions at Wells Fargo & Company

In related news, EVP Ellen R. Patterson sold 60,000 shares of Wells Fargo & Company stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the completion of the transaction, the executive vice president directly owned 169,496 shares of the company’s stock, valued at $14,813,950.40. This trade represents a 26.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kleber Santos sold 25,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the completion of the transaction, the executive vice president owned 79,876 shares in the company, valued at approximately $7,006,722.72. This trade represents a 23.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 115,000 shares of company stock valued at $10,050,000. 0.08% of the stock is owned by insiders.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo filed a U.S. trademark for “WFUSD,” describing services for tokenization, crypto trading, payments, wallets and staking — a visible signal the bank may launch a branded digital-asset/payments platform or stablecoin, which could open new fee and payments revenue if executed. Wells Fargo ‘WFUSD’ Trademark Filing Sparks Speculation about New Bank Stablecoin
• Positive Sentiment: Multiple outlets reported the WFUSD filing and described broad crypto services (trading/exchange, payments processing, tokenization), increasing investor awareness and speculation about incremental revenue streams. Wells Fargo Files Plan for WFUSD Digital Assets Effort Wells Fargo files WFUSD trademark for crypto payments and trading
• Positive Sentiment: Unusually high call-option volume shows traders positioning for upside, which can foreshadow momentum moves if catalysts (like official product/partnership announcements) follow. Traders Buy High Volume of Call Options on Wells Fargo & Company (NYSE:WFC)
• Positive Sentiment: Analyst commentary and coverage highlight structural tailwinds: regulatory relief that can free balance-sheet growth and fee expansion, and a strategic push to win middle-market commercial banking clients — both support medium-term revenue/earnings upside. Can Wells Fargo Turn Regulatory Relief Into Sustainable Growth? Wells Fargo chases lead bank role for middle-market clients
• Neutral Sentiment: Coverage noting Wells Fargo analysts raising price targets on other companies reflects active research capabilities, but it doesn’t directly affect WFC’s fundamentals. BMO and Wells Fargo Raise Targets on Matador (MTDR) and United Natural Foods (UNFI)
• Negative Sentiment: Despite the positive headlines, shares are trading down and sit below the 50- and 200-day moving averages — a technical weakness that can prompt selling or limit upside until clarity on execution/regulation for digital-asset initiatives arrives. Major Wall Street bank files mysterious new trademark

Wells Fargo & 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.