Wells Fargo & Company $WFC Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA decreased its stake in Wells Fargo & Company (NYSE:WFC) by 1.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 690,614 shares of the financial services provider’s stock after selling 9,068 shares during the quarter. Wells Fargo & Company comprises approximately 3.8% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 14th largest position. Mcdonald Capital Investors Inc. CA’s holdings in Wells Fargo & Company were worth $54,980,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Wells Fargo & Company by 11.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 33,837 shares of the financial services provider’s stock valued at $2,694,000 after buying an additional 3,544 shares during the period. Bryn Mawr Trust Advisors LLC boosted its holdings in Wells Fargo & Company by 49.3% in the 1st quarter. Bryn Mawr Trust Advisors LLC now owns 8,157 shares of the financial services provider’s stock worth $649,000 after acquiring an additional 2,695 shares during the period. Bleakley Financial Group LLC boosted its holdings in Wells Fargo & Company by 5.5% in the 1st quarter. Bleakley Financial Group LLC now owns 100,185 shares of the financial services provider’s stock worth $7,976,000 after acquiring an additional 5,250 shares during the period. TFR Capital LLC. grew its position in Wells Fargo & Company by 6.6% in the first quarter. TFR Capital LLC. now owns 6,600 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 406 shares in the last quarter. Finally, J. Safra Sarasin Holding AG grew its position in Wells Fargo & Company by 95.6% in the first quarter. J. Safra Sarasin Holding AG now owns 10,265 shares of the financial services provider’s stock valued at $817,000 after acquiring an additional 5,016 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Analysts expect Wells Fargo and other major U.S. banks to post earnings beats, with favorable operating trends such as strong trading activity, loan demand, and capital markets activity supporting the sector ahead of results. US bank earnings could surprise to the upside as Bank of America highlights strong operating backdrop
• Positive Sentiment: Wells Fargo stock has been gaining attention from analysts and hedge funds, with Wall Street maintaining a consensus Buy view and investors expecting continued upside if the bank shows renewed growth in Tuesday’s report. Looking to Buy Wells Fargo & Co (WFC) Stock? Listen to JPMorgan First
• Positive Sentiment: Pre-earnings coverage suggests one key metric in WFC’s report could show whether the bank is finally returning to growth, which is keeping traders focused on the stock into the earnings release. Wells Fargo Reports Q2 Earnings Tuesday Morning. Here’s the Number That Matters Most.
• Neutral Sentiment: Wells Fargo flagged tech concentration risk as earnings season begins, a reminder that concentrated exposure in markets and the broader macro backdrop could affect near-term sentiment. Wells Fargo flags tech concentration risk as earnings season kicks off
• Neutral Sentiment: Multiple previews note that Wells Fargo, JPMorgan, Goldman Sachs, and Bank of America report on the same day, setting up a high-profile earnings session that could drive sector-wide volatility rather than bank-specific movement alone. Wall Street Prepares For Four Top Banks To Report Earnings On The Same Day

Wall Street Analyst Weigh In

WFC has been the topic of a number of recent research reports. Jefferies Financial Group started coverage on shares of Wells Fargo & Company in a research report on Thursday, March 26th. They set a “buy” rating and a $100.00 target price on the stock. The Goldman Sachs Group lowered their price target 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. Truist Financial lifted their price target on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and an average price target of $98.34.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $87.54 on Tuesday. The firm has a market cap of $267.89 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.00 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average is $80.77 and its two-hundred day moving average is $83.91. Wells Fargo & Company has a 52-week low of $72.78 and a 52-week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The business had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. Analysts forecast that Wells Fargo & Company will post 6.98 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were paid 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 was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio is 27.78%.

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.