Wells Fargo & Company $WFC Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its holdings in Wells Fargo & Company (NYSE:WFC) by 56.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,236 shares of the financial services provider’s stock after buying an additional 9,511 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Wells Fargo & Company were worth $2,445,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Bedel Financial Consulting Inc. raised its position in shares of Wells Fargo & Company by 3.3% in the fourth quarter. Bedel Financial Consulting Inc. now owns 8,733 shares of the financial services provider’s stock valued at $814,000 after buying an additional 281 shares during the last quarter. Fiduciary Wealth Partners LLC acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $201,000. Accretive Wealth Partners LLC raised its position in shares of Wells Fargo & Company by 3.6% in the fourth quarter. Accretive Wealth Partners LLC now owns 19,954 shares of the financial services provider’s stock valued at $1,860,000 after buying an additional 686 shares during the last quarter. M&T Bank Corp raised its position in shares of Wells Fargo & Company by 14.0% in the fourth quarter. M&T Bank Corp now owns 374,411 shares of the financial services provider’s stock valued at $33,361,000 after buying an additional 45,863 shares during the last quarter. Finally, Global Trust Wealth Management LLC acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $796,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $80.55 on Thursday. Wells Fargo & Company has a 12-month low of $67.43 and a 12-month high of $97.76. The stock has a market cap of $248.55 billion, a P/E ratio of 12.43, a PEG ratio of 0.96 and a beta of 1.06. The company has a 50-day moving average price of $81.60 and a 200 day moving average price of $86.14. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The firm had revenue of $21.45 billion during the quarter, compared to analysts’ expectations of $21.85 billion. During the same period last year, the business earned $1.39 earnings per share. Wells Fargo & Company’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Wells Fargo & Company will post 6.82 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WFC. HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, April 1st. Wolfe Research reiterated an “outperform” rating and issued a $109.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Barclays reduced their target price on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Truist Financial cut their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Finally, Morgan Stanley cut their price objective on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.75.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Wells Fargo reported higher net interest income and year-on-year net income gains and touted the closure of a major regulatory milestone, which reduces legacy overhang and should support valuation multiples. How Investors May Respond To Wells Fargo (WFC) Earnings Miss, Bond Issuance And Regulatory Milestone
• Positive Sentiment: WFC is being discussed as an attractive dividend/income name (included in lists of high-dividend picks), which may draw income-focused buyers given its yield and still-modest valuation vs. peers. Is Wells Fargo & Company (WFC) Among the 12 High Dividend Stocks Picked by Billionaire Ray Dalio?
• Neutral Sentiment: Wall Street coverage highlights the bank as a trending name and notes that big-bank earnings broadly gave financials a lift — useful context but not a Wells-specific catalyst. Big Bank Earnings Gave Financials a Lift, But Wall Street Is Still Cautious (WFC)
• Neutral Sentiment: Analyst/editor pieces and screens (Zacks, Yahoo) are spotlighting WFC as a high-growth dividend or watchlist candidate — boosts attention/flow but not an immediate fundamental change. Are You Looking for a High-Growth Dividend Stock?
• Negative Sentiment: Q1 was mixed: EPS slightly beat but revenue and adjusted EPS missed some expectations, management flagged higher expenses for tech/AI investment, and net charge-offs are notable — these factors drove a negative market reaction after the call. 5 Must-Read Analyst Questions From Wells Fargo’s Q1 Earnings Call
• Negative Sentiment: Wells issued multiple callable senior unsecured notes (2030–2041 maturities) and reported substantial net charge-offs (~$1.1B), which raise near-term funding/capital considerations and can pressure sentiment. How Investors May Respond To Wells Fargo (WFC) Earnings Miss, Bond Issuance And Regulatory Milestone
• Negative Sentiment: Analyst downgrades and price-target trims (KGI, Morgan Stanley noted cuts) following the quarter add selling pressure and reduce near-term upside from analysts’ desks. Wells Fargo & Company (WFC) Gets Downgraded to Hold by KGI Securities
• Negative Sentiment: An employment/age-bias allegation from a former advisor adds a small but tangible legal/reputation risk in the press cycle. Wells Fargo Advisor Alleges Age Bias in Firing

Insider Buying and Selling

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president owned 79,876 shares of the company’s stock, valued at $7,006,722.72. This trade represents a 23.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bridget E. Engle sold 30,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the transaction, 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. Over the last ninety days, insiders sold 115,000 shares of company stock worth $10,050,000. Insiders own 0.14% of the company’s stock.

About Wells Fargo & Company

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.