Wells Fargo & Company (NYSE:WFC) Given New $91.00 Price Target at JPMorgan Chase & Co.

Wells Fargo & Company (NYSE:WFC) had its target price trimmed by JPMorgan Chase & Co. from $99.50 to $91.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Wednesday, January 21st. Freedom Capital downgraded Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of Wells Fargo & Company in a report on Thursday, January 15th. HSBC raised Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Wednesday, April 1st. Finally, The Goldman Sachs Group decreased their price objective on Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.70.

Wells Fargo & Company Stock Performance

NYSE WFC opened at $81.69 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.90. Wells Fargo & Company has a 1 year low of $59.43 and a 1 year high of $97.76. The company has a market capitalization of $252.07 billion, a PE ratio of 13.03, a P/E/G ratio of 0.86 and a beta of 1.06. The company has a fifty day moving average of $83.55 and a two-hundred day moving average of $86.20.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) 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 company 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 firm posted $1.43 earnings per share. Wells Fargo & Company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

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

Insider Activity at Wells Fargo & Company

In related news, EVP Ellen R. Patterson sold 60,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,000 shares of company stock worth $10,050,000 over the last 90 days. Company insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On Wells Fargo & Company

Hedge funds and other institutional investors have recently bought and sold shares of the business. Godfrey Financial Associates Inc. acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at approximately $25,000. Miller Capital Partners Inc. acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at approximately $25,000. Navalign LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at approximately $26,000. Joseph Group Capital Management acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at approximately $28,000. Finally, Core Wealth Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo completed several senior unsecured fixed-rate and step-up note offerings (2029–2046) and expanded an FX payments workflow with Jack Henry/Derivative Path, which can improve funding diversification and fee revenue from community-bank clients. Is Wells Fargo (WFC) Quietly Redefining Its Balance Sheet Strategy With New Notes and FX Deals?
• Positive Sentiment: Wells Fargo Investment Institute now expects Fed rates to remain higher for longer (no cuts in 2026). For large banks, a higher-rate environment can support stronger net interest income and margins. Wells Fargo no longer expects Fed rate cuts in 2026
• Neutral Sentiment: Wells Fargo’s public research/analyst activity (initiating/adjusting coverage on other companies, raising some targets) keeps the bank visible to institutional flows but is indirect to WFC’s near-term earnings. Goldman and Wells Fargo say buy tech stocks
• Negative Sentiment: JPMorgan cut its price target on WFC from $99.50 to $91 and moved to Neutral, trimming near-term upside expectations and potentially pressuring sentiment. JPMorgan lowers WFC price target
• Negative Sentiment: Pre-earnings models from Yahoo/Zacks suggest Wells Fargo may lack the mix to deliver a clear earnings beat next week, which could limit immediate upside on the report. Wells Fargo (WFC) Earnings Expected to Grow
• Negative Sentiment: Elevated market trading volumes and a “freak out” indicator tied to Middle East tensions increase volatility and could amplify downside moves in bank stocks during risk-off episodes. ‘Freak out’ indicator soars

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.