Keefe, Bruyette & Woods Issues Pessimistic Forecast for Wells Fargo & Company (NYSE:WFC) Stock Price

Wells Fargo & Company (NYSE:WFC) had its price objective dropped by investment analysts at Keefe, Bruyette & Woods from $101.00 to $98.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 20.59% from the company’s previous close.

A number of other research firms have also recently commented on WFC. Truist Financial decreased their target price 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, March 17th. TD Cowen decreased their target price on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 15th. Argus raised their target price on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 target price on shares of Wells Fargo & Company in a research note on Thursday, January 15th. Finally, Piper Sandler restated an “overweight” rating and set a $94.00 target price (down from $100.00) on shares of Wells Fargo & Company in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.75.

Wells Fargo & Company Price Performance

NYSE WFC opened at $81.27 on Wednesday. Wells Fargo & Company has a 12 month low of $63.40 and a 12 month high of $97.76. The stock has a market cap of $250.75 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 0.90 and a beta of 1.06. The company’s 50 day moving average is $82.49 and its two-hundred day moving average is $86.13. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company had revenue of $21.45 billion for the quarter, compared to analysts’ expectations of $21.85 billion. During the same quarter last year, the business earned $1.39 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Insider Transactions at Wells Fargo & Company

In other news, EVP Kleber Santos sold 25,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $7,006,722.72. The trade was a 23.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $5,244,000.00. Following the completion of the transaction, the executive vice president directly owned 169,496 shares in the company, 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. Over the last quarter, insiders have sold 115,000 shares of company stock valued at $10,050,000. 0.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wells Fargo & Company

Several hedge funds have recently modified their holdings of WFC. Norges Bank purchased a new position in shares of Wells Fargo & Company in the fourth quarter worth $4,512,563,000. Capital Research Global Investors increased its position in Wells Fargo & Company by 18.6% in the third quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock worth $2,989,104,000 after purchasing an additional 5,584,930 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Wells Fargo & Company by 177.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 4,876,127 shares of the financial services provider’s stock worth $454,455,000 after purchasing an additional 3,120,399 shares during the last quarter. Danske Bank A S bought a new stake in Wells Fargo & Company in the third quarter worth $215,638,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Wells Fargo & Company by 13.0% in 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 last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Management is emphasizing cost discipline (continued headcount reductions) and growth initiatives that can lift margins over time — a constructive signal for eventual EPS recovery. Wells Fargo CEO talks layoffs amid growth
• Positive Sentiment: Market commentators (e.g., Jim Cramer) have suggested WFC may be bottoming after the selloff, which can attract bargain hunters and short‑covering. Jim Cramer on Wells Fargo
• Positive Sentiment: Industry commentary highlights that digital engagement is strengthening deposit gathering across big banks (including Wells Fargo), supporting core deposit funding and cross‑sell opportunities. Big Bank Earnings Show Digital Activity Drives Deposits
• Neutral Sentiment: Technically, WFC recently broke below its 50‑day moving average — a short‑term bearish signal for momentum traders but one that often triggers dip‑buyers. Wells Fargo broke below 50‑day MA
• Neutral Sentiment: Wells Fargo’s own strategists flagged a near‑term “sugar high” for the S&P 500 — useful context for macro‑driven flows into/out of bank stocks but not a direct company catalyst. Prepare for an S&P 500 ‘Sugar High,’ Says Wells Fargo
• Negative Sentiment: Q1 results disappointed on revenue and net interest income (NII) vs. Street expectations; management warned margin pressure could extend into Q2 — the primary reason for the initial selloff. Shares drop after Q1 revenue miss
• Negative Sentiment: Several brokerages cut price targets and trimmed forecasts after the print, signaling analyst skepticism about how quickly ROTCE/profitability targets will be met — a headwind for sentiment. Three price target cuts after Q1

About Wells Fargo & Company

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.