Wells Fargo & Company $WFC Stake Increased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. raised its stake in shares of Wells Fargo & Company (NYSE:WFC) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,162 shares of the financial services provider’s stock after acquiring an additional 12,015 shares during the quarter. Wells Fargo & Company makes up 1.2% of Braun Stacey Associates Inc.’s portfolio, making the stock its 21st biggest position. Braun Stacey Associates Inc.’s holdings in Wells Fargo & Company were worth $36,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Wealth Group LLC increased its holdings in Wells Fargo & Company by 2.5% in the fourth quarter. Private Wealth Group LLC now owns 4,514 shares of the financial services provider’s stock valued at $421,000 after buying an additional 108 shares during the last quarter. Main Street Group LTD grew its position in shares of Wells Fargo & Company by 36.9% in the 3rd quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 118 shares in the last quarter. D Orazio & Associates Inc. grew its position in shares of Wells Fargo & Company by 3.6% in the 3rd quarter. D Orazio & Associates Inc. now owns 3,436 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 118 shares in the last quarter. Stonebrook Private Inc. increased its holdings in shares of Wells Fargo & Company by 2.7% in the 3rd quarter. Stonebrook Private Inc. now owns 4,511 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 118 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC raised its position in shares of Wells Fargo & Company by 2.0% during the 3rd quarter. Hidden Cove Wealth Management LLC now owns 5,948 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 119 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

More Wells Fargo & Company News

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

• Positive Sentiment: HSBC upgraded WFC to a “Buy,” giving the stock direct analyst support that can attract inflows and counterbalance negative headlines. Article Title
• Neutral Sentiment: Wells Fargo research continues to move markets — the firm trimmed price targets on Fiserv and Meta and initiated coverage on other names, signaling active trading/research revenue but also a cautious view on sector valuations. Article Title
• Neutral Sentiment: Wells Fargo trimmed its price target on Meta ahead of earnings — a signal of near-term caution from its equities desk rather than a direct impact on WFC fundamentals. Article Title
• Neutral Sentiment: Zacks flagged heightened investor attention on WFC, which can amplify price moves as traders react to news and analyst notes. Article Title
• Neutral Sentiment: Wells Fargo’s coverage expansion (example: initiating coverage on CACI) underscores its investment-banking/research activity, which is a modest positive for fee-related revenue but not an immediate driver of WFC share moves. Article Title
• Negative Sentiment: CEO Charlie Scharf warned simply “Reasons to worry” about the economy, injecting executive-level caution that can pressure bank shares sensitive to macro and credit-cycle concerns. Article Title
• Negative Sentiment: Wells Fargo’s markets head (Kwon) warned of continued volatility and an unfavorable backdrop over coming months, a comment that highlights downside risk to trading and capital markets revenue. Article Title
• Negative Sentiment: Morgan Stanley cut its price target on WFC to $100, a formal analyst downgrade that can cap upside and influence investor sentiment. Article Title
• Negative Sentiment: Broader macro stress from the ongoing Middle East conflict continues to sap risk appetite, lift oil and bond volatility, and raise recession/loan-loss fears that typically weigh on bank equities. Article Title

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Freedom Capital lowered shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Wells Fargo & Company from $92.00 to $101.00 and gave the company a “market perform” rating in a research report on Wednesday, December 17th. CICC Research began coverage on shares of Wells Fargo & Company in a research note on Wednesday, January 14th. They set a “market perform” rating and a $96.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on shares of Wells Fargo & Company in a report on Thursday, March 26th. They issued a “buy” rating and a $100.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus price target of $98.13.

Insider Activity at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Bridget E. Engle sold 30,000 shares of Wells Fargo & Company stock in a transaction 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 sale, the executive vice president owned 83,478 shares of the company’s stock, valued at $7,270,933.80. The trade was a 26.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ellen R. Patterson sold 60,000 shares of the business’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 of the company’s stock, valued at $14,813,950.40. This trade represents a 26.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,000 shares of company stock worth $10,050,000 in the last three months. 0.08% of the stock is owned by company insiders.

Wells Fargo & Company Stock Up 0.2%

Wells Fargo & Company stock opened at $80.75 on Friday. 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 has a one year low of $58.42 and a one year high of $97.76. The company has a 50-day simple moving average of $83.81 and a 200-day simple moving average of $86.20. The firm has a market capitalization of $249.17 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.86 and a beta of 1.06.

Wells Fargo & Company (NYSE:WFC) last issued 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. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The firm 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 EPS. Wells Fargo & Company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

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

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.