Wells Fargo & Company $WFC Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. decreased its position in shares of Wells Fargo & Company (NYSE:WFC) by 2.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 336,057 shares of the financial services provider’s stock after selling 8,131 shares during the period. Wells Fargo & Company accounts for approximately 0.8% of Dana Investment Advisors Inc.’s portfolio, making the stock its 22nd largest holding. Dana Investment Advisors Inc.’s holdings in Wells Fargo & Company were worth $28,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Wells Fargo & Company by 0.4% during the second quarter. Vanguard Group Inc. now owns 302,092,955 shares of the financial services provider’s stock worth $24,203,688,000 after purchasing an additional 1,341,222 shares during the last quarter. Norges Bank acquired a new position in Wells Fargo & Company in the second quarter valued at $3,990,551,000. Massachusetts Financial Services Co. MA lifted its position in Wells Fargo & Company by 7.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,859,680 shares of the financial services provider’s stock worth $1,496,998,000 after buying an additional 1,223,999 shares during the period. Amundi boosted its position in shares of Wells Fargo & Company by 18.2% in the second quarter. Amundi now owns 14,155,753 shares of the financial services provider’s stock worth $1,165,868,000 after acquiring an additional 2,180,693 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Wells Fargo & Company by 1.1% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 8,469,766 shares of the financial services provider’s stock valued at $678,598,000 after purchasing an additional 88,358 shares during the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wells Fargo & Company Trading Down 4.1%

NYSE:WFC opened at $85.06 on Tuesday. The stock has a market cap of $267.01 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.97 and a beta of 1.09. Wells Fargo & Company has a one year low of $58.42 and a one year high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90. The business’s 50-day simple moving average is $91.33 and its 200 day simple moving average is $86.32.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data 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. The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.Wells Fargo & Company’s revenue for the quarter 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. As a group, sell-side analysts predict that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 6th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo hired a $3.1 billion advisory team from J.P. Morgan, a move that can immediately boost investment-banking revenue and client relationships if the team brings mandates and fees. Read More.
• Positive Sentiment: The bank named Dennis Devine as head of Business Banking (serving firms up to $25M in sales); leadership hires can improve execution and client retention in a strategic segment for fee and deposit growth. Read More.
• Neutral Sentiment: Wells Fargo research is active: analysts upgraded Alphabet/Google and reiterated/raised views on other tech names (CoreWeave) and raised outlooks on coverage names — this highlights an active research franchise but has limited direct near-term impact on WFC’s fundamentals beyond trading and research revenue. Read More.
• Neutral Sentiment: The firm’s analyst notes on growth-tech and healthcare (e.g., CoreWeave, Cardinal Health) signal continued investment-banking and research activity, which supports noninterest income but is incremental and timing-dependent. Read More.
• Negative Sentiment: Negative publicity and potential operational/regulatory risk from a widely reported fraud case: a 90‑year‑old customer lost $814K and Wells Fargo denies the claim — such incidents raise reputational, compliance and possible litigation concerns. Read More.

Insider Buying and Selling

In related news, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction dated Friday, February 20th. The stock was 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 in the company, valued at approximately $7,006,722.72. This trade represents a 23.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

WFC has been the topic of several research analyst reports. TD Cowen reduced their price objective on 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. Robert W. Baird raised shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price target for the company in a research report on Friday, February 13th. HSBC reissued a “hold” rating and issued a $74.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. JPMorgan Chase & Co. upped their target price on Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Truist Financial lowered their target price on Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.03.

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.