Wells Fargo & Company $WFC Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in Wells Fargo & Company (NYSE:WFC) by 44.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 85,357 shares of the financial services provider’s stock after selling 69,350 shares during the quarter. Securian Asset Management Inc.’s holdings in Wells Fargo & Company were worth $7,955,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. ABN AMRO Bank N.V. lifted its holdings in Wells Fargo & Company by 5.2% during the 4th quarter. ABN AMRO Bank N.V. now owns 60,665 shares of the financial services provider’s stock worth $5,666,000 after buying an additional 2,978 shares in the last quarter. Pure Financial Advisors LLC lifted its holdings in Wells Fargo & Company by 4.4% during the 4th quarter. Pure Financial Advisors LLC now owns 23,016 shares of the financial services provider’s stock worth $2,145,000 after buying an additional 977 shares in the last quarter. Income Insurance Ltd acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $920,000. Bryn Mawr Trust Advisors LLC lifted its holdings in Wells Fargo & Company by 20.7% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 5,462 shares of the financial services provider’s stock worth $509,000 after buying an additional 936 shares in the last quarter. Finally, Greenwood Gearhart Inc. lifted its holdings in Wells Fargo & Company by 226.3% during the 4th quarter. Greenwood Gearhart Inc. now owns 39,939 shares of the financial services provider’s stock worth $3,722,000 after buying an additional 27,700 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Trading Down 0.1%

Shares of NYSE:WFC opened at $75.57 on Monday. Wells Fargo & Company has a 52 week low of $71.89 and a 52 week high of $97.76. The company’s 50 day moving average is $80.47 and its two-hundred day moving average is $86.11. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. The company has a market cap of $231.26 billion, a PE ratio of 11.66, a P/E/G ratio of 0.89 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same period in the prior year, the firm posted $1.39 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that Wells Fargo & Company will post 6.82 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Wells Fargo & Company’s dividend payout ratio is currently 27.78%.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Phillip Securities upgraded Wells Fargo & Company (WFC) from “moderate buy” to “strong-buy,” reinforcing the view that the bank’s turnaround and earnings strength still have room to run.
• Positive Sentiment: Market commentary noted that Wells Fargo’s comeback looks real, supported by accelerating loan growth, rising shareholder returns, and stronger customer activity, which could help sustain investor confidence. Wells Fargo’s Comeback Is Real—But Not Risk-Free
• Positive Sentiment: Additional article coverage framed WFC as a potentially attractive dividend stock, which may appeal to income-focused investors looking for a large-cap financial name with improving fundamentals. Wells Fargo (WFC) Could Be a Great Choice
• Neutral Sentiment: There was also heavy put option activity in Wells Fargo, with traders buying 82,048 puts versus a typical volume of 59,215, suggesting some hedging or bearish positioning despite the recent positive coverage.
• Neutral Sentiment: Separately, Wells Fargo has been active on the research side across other stocks, including a downgrade of Nike and higher price targets on Arm Holdings, but those calls are not direct catalysts for WFC shares.

Analysts Set New Price Targets

WFC has been the topic of a number of research reports. HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, April 1st. Evercore reiterated an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. CICC Research initiated coverage on shares of Wells Fargo & Company in a report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on shares of Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Finally, Jefferies Financial Group initiated 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 on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.53.

Insider Buying and Selling at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Bridget E. Engle sold 30,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly 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 document filed with the SEC, which is available at this link. Also, EVP Kleber Santos sold 25,000 shares of the stock in a transaction on 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 directly owned 79,876 shares in the company, valued at $7,006,722.72. This trade represents a 23.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 115,000 shares of company stock valued at $10,050,000. Insiders own 0.14% of the company’s stock.

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.