Canoe Financial LP Purchases 12,506 Shares of Wells Fargo & Company $WFC

Canoe Financial LP lifted its position in shares of Wells Fargo & Company (NYSE:WFC) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,804,535 shares of the financial services provider’s stock after buying an additional 12,506 shares during the quarter. Wells Fargo & Company makes up 3.6% of Canoe Financial LP’s investment portfolio, making the stock its 5th largest position. Canoe Financial LP owned about 0.09% of Wells Fargo & Company worth $261,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new stake in Wells Fargo & Company in the 3rd quarter worth approximately $27,000. Marquette Asset Management LLC boosted its holdings in shares of Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the third quarter worth $30,000. Kilter Group LLC purchased a new stake in shares of Wells Fargo & Company in the second quarter valued at $31,000. Finally, Imprint Wealth LLC acquired a new position in Wells Fargo & Company in the third quarter valued at $31,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

NYSE WFC opened at $77.23 on Friday. The firm has a market capitalization of $238.32 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.82 and a beta of 1.08. Wells Fargo & Company has a 1-year low of $58.42 and a 1-year high of $97.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50-day simple moving average is $84.57 and its 200-day simple moving average is $86.25.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $21.63 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The company’s revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. Wells Fargo & Company’s dividend payout ratio is presently 28.71%.

Insider Transactions at Wells Fargo & Company

In other news, EVP Bridget E. Engle sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $87.10, for a total value of $2,613,000.00. Following the transaction, the executive vice president owned 83,478 shares of the company’s stock, valued at approximately $7,270,933.80. This trade represents a 26.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction on Friday, February 20th. The shares were sold at an average price of $87.72, for a total transaction 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. The trade was a 23.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,000 shares of company stock valued at $10,050,000 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on WFC. UBS Group reiterated a “buy” rating and set a $113.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Robert W. Baird upgraded shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price objective on the stock in a report on Friday, February 13th. Wolfe Research reissued an “outperform” rating and issued a $109.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. The Goldman Sachs Group lowered their target price 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. Finally, Barclays increased their price target on shares of Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.98.

More Wells Fargo & Company News

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

• Positive Sentiment: Jefferies initiated coverage of WFC with a buy/strong‑buy stance and a ~$100 price target, providing a near‑term analyst endorsement that can support the stock. Jefferies initiates coverage of Wells Fargo with buy
• Positive Sentiment: Wells Fargo announced digital milestones — Fargo® virtual assistant exceeding 1 billion interactions and the mobile app topping 33 million active users — evidence of fee/data opportunities and customer engagement that investors view as a growth/efficiency tailwind. Wells Fargo Reaches Major Digital Milestones
• Neutral Sentiment: Wells Fargo research is active and bullish on large tech themes (e.g., Nvidia data‑center TAM and a bullish take on Alphabet), which signals a healthy research franchise and potential trading/prime brokerage revenue but is indirect for WFC’s own fundamentals. Nvidia Targets $1 Trillion in Data Center Revenue — Wells Fargo Sees 20% Upside
• Neutral Sentiment: For income-oriented investors, comparisons of WFC preferred series (WFC‑D vs WFC‑Y) highlight attractive yields and coverage metrics on certain series — a side-topic that may support buy interest from dividend/preferred buyers even when the common stock is volatile. WFC-D Vs. WFC-Y: Comparing Coupon Extremes
• Negative Sentiment: Geopolitical risk from the Iran conflict is keeping markets jittery; strategists note pullbacks in major indices as oil and inflation risks rise — a macro headwind that often pressures bank shares like WFC. Wall Street Says Stocks Are Too Cheap to Ignore as War Rages On
• Negative Sentiment: Wells Fargo reduced price targets on certain enterprise names (e.g., Gartner) citing the Iran conflict’s hit to enterprise spending — an example of analyst downgrades that reflect weak near‑term IT spend and could depress trading/loan pipelines for banks if corporate capex retrenches. Gartner Price Target Lowered to $140 by Wells Fargo

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.