Xcel Wealth Management LLC Sells 6,434 Shares of Wells Fargo & Company $WFC

Xcel Wealth Management LLC decreased its holdings in Wells Fargo & Company (NYSE:WFC) by 21.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,105 shares of the financial services provider’s stock after selling 6,434 shares during the period. Xcel Wealth Management LLC’s holdings in Wells Fargo & Company were worth $1,839,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in Wells Fargo & Company by 62.3% in the 4th quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider’s stock worth $4,652,000 after purchasing an additional 25,436 shares during the period. Jump Financial LLC grew its holdings in Wells Fargo & Company by 12.9% during the 2nd quarter. Jump Financial LLC now owns 22,904 shares of the financial services provider’s stock valued at $1,835,000 after buying an additional 2,615 shares in the last quarter. Main Street Financial Solutions LLC raised its position in shares of Wells Fargo & Company by 111.0% during the second quarter. Main Street Financial Solutions LLC now owns 14,008 shares of the financial services provider’s stock valued at $1,122,000 after buying an additional 7,368 shares during the last quarter. Vivaldi Capital Management LP lifted its holdings in shares of Wells Fargo & Company by 5.4% in the second quarter. Vivaldi Capital Management LP now owns 3,229 shares of the financial services provider’s stock worth $259,000 after buying an additional 165 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in shares of Wells Fargo & Company by 51.2% in the second quarter. Diversify Advisory Services LLC now owns 25,718 shares of the financial services provider’s stock worth $2,044,000 after buying an additional 8,714 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Up 0.5%

WFC stock opened at $84.76 on Friday. The firm has a fifty day moving average price of $79.65 and a 200 day moving average price of $84.45. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76. The firm has a market cap of $259.38 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.99 and a beta of 0.93. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last released its quarterly 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. 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 quarter in the prior year, the firm earned $1.39 earnings per share. Wells Fargo & Company’s revenue was up 6.4% on a year-over-year basis. Sell-side analysts anticipate that Wells Fargo & Company will post 6.86 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were issued a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. Wells Fargo & Company’s payout ratio is 27.78%.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo completed the Fed’s 2026 stress test and said it intends to raise its third-quarter dividend by 11%, which supports the stock by showing strong capital resilience and a shareholder-friendly payout policy. Article Title
• Positive Sentiment: Industry-wide stress test results were also supportive, with large banks broadly passing and many announcing dividend hikes and buyback plans, which can improve sentiment toward Wells Fargo and the sector. Article Title
• Positive Sentiment: Analyst previews ahead of Wells Fargo’s upcoming earnings suggest modest double-digit profit growth, reinforcing expectations for solid near-term fundamentals. Article Title
• Neutral Sentiment: Market commentary from Wells Fargo strategist Scott Wren encouraged investors not to chase the recent rally, but to buy dips, offering a cautious macro view rather than a direct company-specific catalyst. Article Title

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WFC shares. JPMorgan Chase & Co. cut their target price on shares of Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Monday, April 20th. Finally, KGI Securities cut Wells Fargo & Company to a “hold” rating in a report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.24.

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.