Eldred Rock Partners LLC Trims Stock Holdings in Wells Fargo & Company $WFC

Eldred Rock Partners LLC lowered its position in shares of Wells Fargo & Company (NYSE:WFC) by 11.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 126,402 shares of the financial services provider’s stock after selling 15,780 shares during the quarter. Wells Fargo & Company comprises about 3.1% of Eldred Rock Partners LLC’s portfolio, making the stock its 17th largest position. Eldred Rock Partners LLC’s holdings in Wells Fargo & Company were worth $11,781,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Wells Fargo & Company by 62.3% in the 4th 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 during the period. Quantbot Technologies LP purchased a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at $3,745,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at $217,000. Trek Financial LLC increased its stake in shares of Wells Fargo & Company by 20.6% in the second quarter. Trek Financial LLC now owns 7,891 shares of the financial services provider’s stock worth $632,000 after acquiring an additional 1,346 shares during the period. Finally, Kilter Group LLC purchased a new position in shares of Wells Fargo & Company during the second quarter worth $31,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WFC shares. CICC Research assumed coverage on shares of Wells Fargo & Company in a research report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 target price for the company. Argus lifted their price objective on Wells Fargo & Company from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Robert W. Baird raised Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price objective for the company in a report on Friday, February 13th. Freedom Capital downgraded Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Finally, Truist Financial dropped their target price on Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.13.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: HSBC upgraded WFC from “hold” to “buy” with a $94 price target, giving the stock a near-term positive catalyst and supporting the rally. Article Title
• Neutral Sentiment: Zacks notes rising investor attention in WFC (analysis/flow of interest rather than new fundamental news); this can amplify moves but is not a direct fundamental catalyst. Article Title
• Neutral Sentiment: Wells Fargo analysts trimmed coverage/price targets on other large names (Fiserv, Meta) this week—a sign the firm’s research desks are re‑calibrating multiples across sectors rather than issuing bank‑specific downgrades; this creates mixed headline flow for investors tracking analyst activity. Article Title Article Title
• Negative Sentiment: Morgan Stanley lowered its price target on WFC to $100 — a downward revision that injects some selling pressure and offsets part of the HSBC-driven buying. Article Title
• Negative Sentiment: Wells Fargo’s own equity team lowered its year‑end S&P 500 target and its strategist Ohsung Kwon warned markets will remain volatile in coming months—comments that strengthen a risk‑off backdrop and can cap upside for bank stocks broadly. Article Title Article Title

Wells Fargo & Company Stock Up 0.2%

WFC opened at $80.75 on Friday. The company has a fifty day moving average of $83.94 and a two-hundred day moving average of $86.17. The stock has a market capitalization of $249.17 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.86 and a beta of 1.06. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $21.63 billion. During the same period in the prior year, the company posted $1.43 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

Insider Activity

In other news, EVP Bridget E. Engle sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the completion of the transaction, the executive vice president directly owned 83,478 shares of the company’s stock, valued at $7,270,933.80. This represents a 26.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kleber Santos sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 79,876 shares in the company, valued at $7,006,722.72. This trade represents a 23.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 115,000 shares of company stock worth $10,050,000 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

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.