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

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

Senator Mitch McConnell also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Luminar Technologies (NASDAQ:LAZR) on 12/24/2025.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $76.30 on Friday. Wells Fargo & Company has a 12 month low of $58.42 and a 12 month high of $97.76. The firm has a fifty day simple moving average of $86.15 and a 200 day simple moving average of $86.30. The stock has a market capitalization of $235.42 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.83 and a beta of 1.08. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05.

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 (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.10. The firm had revenue of $21.29 billion for the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. Research analysts forecast 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, March 1st. Stockholders of record on Friday, February 6th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company’s payout ratio is currently 28.71%.

More Wells Fargo & Company News

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

• Positive Sentiment: Analyst pieces highlighting Wells Fargo’s dividend and income profile may attract income-focused buyers and support the share price. Read More.
• Positive Sentiment: A STOCK Act disclosure shows Senator Mitch McConnell purchased WFC shares — a public insider/political buy that can be read as a mild positive signal for sentiment, though size/details weren’t provided. Read More.
• Positive Sentiment: Wells Fargo launched a national housing-affordability challenge (PR/CSR initiative) that can boost reputation and community engagement — positive for franchise value but with limited near-term P&L impact. Read More.
• Neutral Sentiment: Wells Fargo designated a new series of preferred stock (Series GG). This is a capital-management move — watch terms for yield/call features; immediate impact on common shares is unclear. Read More.
• Neutral Sentiment: Wells Fargo initiated coverage of SoFi at Equal Weight (valuation and loan-sale risk cited); the coverage pressured SoFi shares but is mainly a fintech/coverage item rather than direct WFC fundamentals. Read More.
• Neutral Sentiment: Additional articles note that WFC is a trending ticker and coverage by outlets like Zacks — increased attention can raise volume/volatility but is not a directional fundamental catalyst. Read More.
• Negative Sentiment: Large unusual options activity: traders bought ~108,090 put contracts (about a 99% increase vs. average). Heavy put buying can signal bearish bets or hedging and tends to raise downside risk/volatility.
• Negative Sentiment: Truist lowered its expectations for Wells Fargo’s stock price — a downward analyst revision that can pressure sentiment if followed by other shops. Read More.
• Negative Sentiment: Macro/sector headwinds: commentary that the Fed held rates and flagged higher inflation has pressured bank stocks broadly, including WFC, as higher inflation expectations can weigh on loan demand and credit outlooks. Read More.

Analysts Set New Price Targets

Several research firms have commented on WFC. CICC Research assumed coverage on shares of Wells Fargo & Company in a report on Wednesday, January 14th. They issued a “market perform” rating and a $96.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a report on Monday, February 9th. Truist Financial decreased their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen lowered 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 report on Thursday, January 15th. Finally, UBS Group restated a “buy” rating and set a $113.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus price target of $96.71.

Insider Activity at Wells Fargo & Company

In related news, EVP Ellen R. Patterson sold 60,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $87.40, for a total value of $5,244,000.00. Following the transaction, the executive vice president owned 169,496 shares in the company, valued at approximately $14,813,950.40. This trade represents a 26.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $2,193,000.00. Following the completion of the transaction, the executive vice president directly owned 79,876 shares of the company’s stock, valued at approximately $7,006,722.72. This trade represents a 23.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 115,000 shares of company stock worth $10,050,000. Company insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On Wells Fargo & Company

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Wells Fargo & Company in the 2nd quarter valued at about $3,990,551,000. Capital Research Global Investors grew its position in shares of Wells Fargo & Company by 4.9% during the 4th quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock worth $3,487,687,000 after purchasing an additional 1,760,484 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Wells Fargo & Company by 0.9% during the fourth quarter. Legal & General Group Plc now owns 21,197,423 shares of the financial services provider’s stock worth $1,975,600,000 after purchasing an additional 188,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Wells Fargo & Company by 13.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock worth $1,922,257,000 after purchasing an additional 2,369,260 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Wells Fargo & Company by 7.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 17,859,680 shares of the financial services provider’s stock valued at $1,496,998,000 after buying an additional 1,223,999 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

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.

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.