Tritonpoint Wealth LLC Sells 19,288 Shares of Wells Fargo & Company $WFC

Tritonpoint Wealth LLC lowered its stake in Wells Fargo & Company (NYSE:WFC) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,382 shares of the financial services provider’s stock after selling 19,288 shares during the period. Wells Fargo & Company makes up approximately 1.1% of Tritonpoint Wealth LLC’s holdings, making the stock its 26th largest holding. Tritonpoint Wealth LLC’s holdings in Wells Fargo & Company were worth $10,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors increased its stake in Wells Fargo & Company by 18.6% in the 3rd quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock worth $2,989,104,000 after purchasing an additional 5,584,930 shares during the period. Danske Bank A S purchased a new stake in shares of Wells Fargo & Company during the third quarter valued at approximately $215,638,000. M&G PLC grew its holdings in shares of Wells Fargo & Company by 320.3% in the third quarter. M&G PLC now owns 2,946,277 shares of the financial services provider’s stock worth $247,487,000 after purchasing an additional 2,245,307 shares during the last quarter. Amundi grew its holdings 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 purchasing an additional 2,180,693 shares during the last quarter. Finally, Mawer Investment Management Ltd. purchased a new position in shares of Wells Fargo & Company in the third quarter worth $147,165,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $80.75 on Friday. The stock has a market cap of $249.17 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.86 and a beta of 1.06. The firm’s fifty day simple moving average is $83.81 and its 200 day simple moving average is $86.17. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, topping 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 business had revenue of $21.29 billion during the quarter, compared to analyst estimates of $21.63 billion. During the same period in the prior year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

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

Wall Street Analysts Forecast Growth

WFC has been the subject of a number of recent analyst reports. CICC Research assumed coverage on shares of Wells Fargo & Company in a report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 price target for the company. TD Cowen decreased their price objective on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, January 15th. UBS Group reaffirmed a “buy” rating and set a $113.00 price objective on shares of Wells Fargo & Company in a research note on Wednesday, February 4th. Jefferies Financial Group assumed coverage on shares of Wells Fargo & Company in a report on Thursday, March 26th. They set a “buy” rating and a $100.00 target price for the company. Finally, Barclays raised their target price on 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 analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.13.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: HSBC upgraded WFC to a “Buy,” giving the stock direct analyst support that can attract inflows and counterbalance negative headlines. Article Title
• Neutral Sentiment: Wells Fargo research continues to move markets — the firm trimmed price targets on Fiserv and Meta and initiated coverage on other names, signaling active trading/research revenue but also a cautious view on sector valuations. Article Title
• Neutral Sentiment: Wells Fargo trimmed its price target on Meta ahead of earnings — a signal of near-term caution from its equities desk rather than a direct impact on WFC fundamentals. Article Title
• Neutral Sentiment: Zacks flagged heightened investor attention on WFC, which can amplify price moves as traders react to news and analyst notes. Article Title
• Neutral Sentiment: Wells Fargo’s coverage expansion (example: initiating coverage on CACI) underscores its investment-banking/research activity, which is a modest positive for fee-related revenue but not an immediate driver of WFC share moves. Article Title
• Negative Sentiment: CEO Charlie Scharf warned simply “Reasons to worry” about the economy, injecting executive-level caution that can pressure bank shares sensitive to macro and credit-cycle concerns. Article Title
• Negative Sentiment: Wells Fargo’s markets head (Kwon) warned of continued volatility and an unfavorable backdrop over coming months, a comment that highlights downside risk to trading and capital markets revenue. Article Title
• Negative Sentiment: Morgan Stanley cut its price target on WFC to $100, a formal analyst downgrade that can cap upside and influence investor sentiment. Article Title
• Negative Sentiment: Broader macro stress from the ongoing Middle East conflict continues to sap risk appetite, lift oil and bond volatility, and raise recession/loan-loss fears that typically weigh on bank equities. Article Title

Insiders Place Their Bets

In other news, EVP Bridget E. Engle sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the completion of the transaction, the executive vice president owned 83,478 shares of the company’s stock, valued at approximately $7,270,933.80. This represents a 26.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ellen R. Patterson sold 60,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 169,496 shares of the company’s stock, valued at approximately $14,813,950.40. The trade was a 26.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 115,000 shares of company stock worth $10,050,000 over the last three months. Company insiders own 0.08% of the company’s stock.

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.