57,236 Shares in Wells Fargo & Company $WFC Bought by Comprehensive Financial Consultants Institutional Inc.

Comprehensive Financial Consultants Institutional Inc. acquired a new position in shares of Wells Fargo & Company (NYSE:WFC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 57,236 shares of the financial services provider’s stock, valued at approximately $4,582,000. Wells Fargo & Company comprises about 1.2% of Comprehensive Financial Consultants Institutional Inc.’s holdings, making the stock its 24th biggest holding.

Several other institutional investors have also modified their holdings of WFC. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Wells Fargo & Company in the 2nd quarter valued at $28,000. Phillip James Consulting Co. acquired a new stake in Wells Fargo & Company during the 1st quarter worth $28,000. Dunhill Financial LLC acquired a new stake in Wells Fargo & Company during the 2nd quarter worth $30,000. Main Street Group LTD purchased a new stake in Wells Fargo & Company in the first quarter valued at $29,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in Wells Fargo & Company in the second quarter valued at $34,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $82.76 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14. The firm has a market cap of $250.26 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.87 and a beta of 0.96. The company’s 50 day simple moving average is $85.32 and its 200-day simple moving average is $83.30. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Tuesday, October 13th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. Wells Fargo & Company had a net margin of 17.64% and a return on equity of 14.05%. The business had revenue of $21.87 billion for the quarter, compared to analysts’ expectations of $22.30 billion. During the same period in the previous year, the company posted $1.66 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities analysts predict that Wells Fargo & Company will post 7.27 EPS for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 7th. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s payout ratio is 28.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Wells Fargo & Company from $95.50 to $91.50 and set a “neutral” rating for the company in a research note on Friday, October 2nd. HSBC initiated coverage on Wells Fargo & Company in a research report on Monday, September 28th. They set a “buy” rating and a $108.00 target price on the stock. Raymond James Financial reiterated a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a report on Friday, July 17th. Finally, TD Cowen initiated coverage on Wells Fargo & Company in a research report on Thursday, October 8th. They issued a “buy” rating and a $95.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus target price of $98.08.

Key Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo’s third-quarter results showed adjusted earnings per share of $1.87, slightly ahead of the $1.85 consensus, while net income reached $5.95 billion. Management also set a fourth-quarter net interest income target of approximately $13 billion, supported by deposit growth, consumer lending momentum and better returns. Wells Fargo Q3 Earnings Call Highlights Higher Interest Income Outlook
• Positive Sentiment: Analysts and market commentators generally viewed WFC’s earnings, capital position and growth strategy favorably. Morgan Stanley reiterated a Buy rating, and RBC maintained Outperform despite lowering its price target. Wells Fargo’s valuation also remains relatively compelling after recent underperformance. Wells Fargo Strong NII Trajectory and 2027 Growth Outlook
• Positive Sentiment: The bank is expanding its artificial-intelligence and data capabilities in consumer banking and lending, while also preparing for a potential 2027 stablecoin launch with other financial institutions. These initiatives could support longer-term efficiency and payments growth, though their financial impact is still uncertain. Wells Fargo Deepens AI and Data Leadership
• Neutral Sentiment: CEO Charlie Scharf said consumers are still managing their debt, but inflation, gasoline costs and elevated interest rates are pressuring households. He expects credit quality to weaken eventually, creating a risk to future loan losses even though deterioration is not yet evident. Wells Fargo CEO Warns Inflation and Higher Rates Weigh on Consumers
• Negative Sentiment: Third-quarter revenue and net interest income fell short of forecasts, while the CFO reported that trading activity slowed sharply late in September. The mixed outlook prompted some analysts to reduce estimates and price targets despite the earnings beat. Wells Fargo CFO Says Trading Activity Slowed Sharply
• Negative Sentiment: Wells Fargo will pay most of a collective $4.4 million settlement with eight states over allegations that retail customers were charged unreasonable commissions on small-dollar trades. The fine is financially modest but adds to regulatory and reputational pressure. State Regulators Fine Wells Fargo and Merrill Over Small-Dollar Trade Commissions
• Negative Sentiment: An OCC review alleged that major banks, including Wells Fargo, allowed political or religious considerations to influence access to banking services. The findings could increase compliance costs and reputational risk. Treasury Says Banks Let Politics Influence Banking Services

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.