Wells Fargo & Company $WFC is Deprince Race & Zollo Inc.’s 7th Largest Position

Deprince Race & Zollo Inc. lifted its position in shares of Wells Fargo & Company (NYSE:WFC) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 864,967 shares of the financial services provider’s stock after buying an additional 12,743 shares during the quarter. Wells Fargo & Company makes up 1.5% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 7th largest position. Deprince Race & Zollo Inc.’s holdings in Wells Fargo & Company were worth $80,615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WFC. Kelsey Financial LLC acquired a new stake in shares of Wells Fargo & Company in the fourth quarter worth approximately $576,000. Burney Co. boosted its position in shares of Wells Fargo & Company by 2.2% in the fourth quarter. Burney Co. now owns 95,919 shares of the financial services provider’s stock worth $8,940,000 after acquiring an additional 2,067 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Wells Fargo & Company by 3.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 28,736 shares of the financial services provider’s stock worth $2,678,000 after acquiring an additional 850 shares during the last quarter. TCV Trust & Wealth Management Inc. boosted its position in shares of Wells Fargo & Company by 4.9% in the fourth quarter. TCV Trust & Wealth Management Inc. now owns 4,276 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 200 shares during the last quarter. Finally, HF Advisory Group LLC boosted its position in shares of Wells Fargo & Company by 5.5% in the fourth quarter. HF Advisory Group LLC now owns 54,950 shares of the financial services provider’s stock worth $5,121,000 after acquiring an additional 2,871 shares during the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WFC shares. Keefe, Bruyette & Woods raised their target price on shares of Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Wednesday, January 21st. Evercore reissued an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. Jefferies Financial Group started coverage on shares of Wells Fargo & Company in a research report on Thursday, March 26th. They issued a “buy” rating and a $100.00 target price on the stock. Finally, Morgan Stanley decreased their target price on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $97.70.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Several analysts have nudged Q1 earnings/revenue estimates higher and highlighted incremental strength ahead of the April 14 report; management changes (new head of Business Banking) are being viewed as constructive. Wells Fargo Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Positive Sentiment: Broader market relief after a temporary ceasefire in the Middle East pushed oil prices lower and lifted bank stocks, giving Wells Fargo a short-term boost ahead of earnings. Wells Fargo (WFC) Stock Trades Up, Here Is Why
• Neutral Sentiment: Pre-earnings previews expect solid revenue and EPS growth but flag mortgage volume/margin weakness and higher credit costs as offsets — this creates binary risk: beat could lift the shares, a miss or weak guidance could pressure them. Wells Fargo Q1 Earnings on the Deck: What’s in Store for the Stock?
• Neutral Sentiment: Deeper previews examine key metrics beyond headline EPS — look for details on net interest margin, mortgage pipelines, trading revenue and loan-loss provisioning for clearer direction. Countdown to Wells Fargo (WFC) Q1 Earnings: Wall Street Forecasts for Key Metrics
• Neutral Sentiment: Sector-wide previews (JPM, C, WFC) suggest banks could benefit from easing macro oil/geo fears, but risks to asset quality and rising costs remain a moderating factor. What Can Investors Expect from Bank Earnings?
• Negative Sentiment: JPMorgan cut its price target on WFC (flagging bank-sector volatility and risks), which can amplify downside if Wells Fargo misses or issues cautious guidance. JPMorgan Trims Wells Fargo & Company (WFC) Target, Flags Volatility Risks for Banks
• Negative Sentiment: Separate reports note pessimistic near-term forecasts for WFC from some sell-side commentary — negative headlines or analyst downgrades ahead of earnings could pressure the share price. JPMorgan Chase & Co. Issues Pessimistic Forecast for Wells Fargo & Company (NYSE:WFC) Stock Price
• Negative Sentiment: Despite occasional daily gains, Wells Fargo has recently underperformed peers — an underperformance trend can weigh on sentiment if earnings don’t show clear improvement. Wells Fargo & Co. stock underperforms Thursday when compared to competitors despite daily gains

Insider Buying and Selling at Wells Fargo & Company

In other news, EVP Ellen R. Patterson sold 60,000 shares of Wells Fargo & Company stock in a transaction that occurred on 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 sale, the executive vice president owned 169,496 shares in the company, valued at $14,813,950.40. This trade represents a 26.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bridget E. Engle sold 30,000 shares of Wells Fargo & Company stock in a transaction that occurred on Thursday, February 26th. The shares were 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 in the company, valued at $7,270,933.80. This represents a 26.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,000 shares of company stock valued at $10,050,000 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Wells Fargo & Company Trading Up 0.0%

Shares of WFC stock opened at $85.43 on Monday. The stock has a market cap of $263.62 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 0.96 and a beta of 1.06. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. Wells Fargo & Company has a fifty-two week low of $59.65 and a fifty-two week high of $97.76. The firm’s 50 day moving average price is $83.29 and its two-hundred day moving average price is $86.22.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly 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. The firm had revenue of $21.29 billion for the quarter, compared to analysts’ expectations of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. Wells Fargo & Company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. On average, analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company’s payout ratio is 28.71%.

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.