Wells Fargo & Company $WFC Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC decreased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 24.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,358 shares of the financial services provider’s stock after selling 19,725 shares during the quarter. Wells Fargo & Company comprises 1.3% of Townsquare Capital LLC’s holdings, making the stock its 17th largest holding. Townsquare Capital LLC’s holdings in Wells Fargo & Company were worth $5,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellspring Financial Advisors LLC increased its stake in Wells Fargo & Company by 73.1% during the fourth quarter. Wellspring Financial Advisors LLC now owns 8,706 shares of the financial services provider’s stock worth $813,000 after acquiring an additional 3,677 shares during the last quarter. Myriad Asset Management Advisors LLC acquired a new stake in Wells Fargo & Company during the fourth quarter worth $2,493,000. Zions Bancorporation National Association UT increased its stake in Wells Fargo & Company by 16.6% during the fourth quarter. Zions Bancorporation National Association UT now owns 13,459 shares of the financial services provider’s stock worth $1,254,000 after acquiring an additional 1,918 shares during the last quarter. J.Safra Asset Management Corp increased its stake in Wells Fargo & Company by 69.3% during the fourth quarter. J.Safra Asset Management Corp now owns 13,624 shares of the financial services provider’s stock worth $1,270,000 after acquiring an additional 5,578 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. increased its stake in Wells Fargo & Company by 151.5% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 94,456 shares of the financial services provider’s stock worth $8,803,000 after acquiring an additional 56,902 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analysts Set New Price Targets

WFC has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Monday, April 20th. HSBC raised Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, April 1st. Jefferies Financial Group initiated coverage on Wells Fargo & Company in a research note on Thursday, March 26th. They set a “buy” rating and a $100.00 target price for the company. Barclays cut their target price on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Finally, Keefe, Bruyette & Woods lowered their price target on Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.53.

Wells Fargo & Company Trading Down 0.0%

NYSE:WFC opened at $81.98 on Thursday. The firm has a market cap of $250.88 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The stock has a fifty day moving average price of $79.44 and a 200 day moving average price of $84.67. Wells Fargo & Company has a 12-month low of $71.93 and a 12-month high of $97.76. 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 earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The firm had revenue of $11.62 billion during the quarter, compared to analyst estimates of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.Wells Fargo & Company’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.39 earnings per share. Sell-side analysts anticipate that Wells Fargo & Company will post 6.84 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were issued a dividend of $0.45 per share. 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, May 8th. Wells Fargo & Company’s payout ratio is 27.78%.

More Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo’s CFO said net interest income should step up in the current quarter and reaffirmed the bank’s roughly $50 billion full-year 2026 NII target, signaling stronger underlying earnings power. Reuters: Wells Fargo CFO signals ‘step up’ in interest income in second quarter
• Positive Sentiment: Wells Fargo Advisors’ FiNet unit added a $650 million advisory team from Stifel, reinforcing momentum in wealth management and showing the firm can still attract assets and advisors. Yahoo Finance: Wells Fargo’s FiNet Recruits $650 Million Team From Stifel
• Positive Sentiment: The bank also announced a $1.2 million community wealth grant, which supports its public-facing ESG and community investment narrative. Yahoo Finance: Wells Fargo Grant Highlights Community Focus And Potential Valuation Upside
• Neutral Sentiment: Wells Fargo’s presentation at the Morgan Stanley U.S. Financials Conference kept management in the spotlight, but it did not appear to deliver a major new catalyst on its own. Seeking Alpha: Wells Fargo & Company Presents at Morgan Stanley US Financials Conference 2026 Transcript
• Negative Sentiment: The Justice Department reportedly subpoenaed Wells Fargo as part of a widening investigation into alleged politically motivated debanking, which could add legal and reputational pressure. PYMNTS: Feds Subpoena Wall Street Giants in Widening Debanking Investigation

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.