Wells Fargo & Company (NYSE:WFC) Shares Sold by Rep. Michael A. Rulli

Representative Michael A. Rulli (Republican-Ohio) recently sold shares of Wells Fargo & Company (NYSE:WFC). In a filing disclosed on October 2nd, the Representative disclosed that they had sold between $1,001 and $15,000 in Wells Fargo & Company stock on September 3rd. The trade occurred in the Representative’s “MERRILL LYNCH SIMPLE MANAGED ACCOUNT” account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/28/2026.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 9/3/2026.
• Sold $50,001 – $100,000 in shares of Alphabet (NASDAQ:GOOGL) on 8/24/2026.
• Sold $1,001 – $15,000 in shares of Allstate (NYSE:ALL) on 8/12/2026.
• Purchased $1,001 – $15,000 in shares of Equinix (NASDAQ:EQIX) on 8/7/2026.
• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 8/6/2026.

Wells Fargo & Company Trading Up 1.2%

WFC opened at $81.42 on Tuesday. 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 capitalization of $246.20 billion, a PE ratio of 11.83, a P/E/G ratio of 0.87 and a beta of 0.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50-day moving average is $86.14 and its 200 day moving average is $83.08.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. The firm had revenue of $22.62 billion during the quarter, compared to analyst estimates of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. As a group, research analysts predict that Wells Fargo & Company will post 7.28 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were paid a dividend of $0.50 per share. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.07%.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Morgan Stanley upgraded Wells Fargo to Overweight and named it a top pick. The firm set a $102 price target, citing easing net-interest-margin pressure, improving profitability, stronger fee revenue and potential for better returns through 2028. Morgan Stanley expects ROTCE to reach 18% in 2028, supported by consumer-banking improvements and capital deployment. Morgan Stanley Wells Fargo upgrade
• Positive Sentiment: UBS maintained its Buy rating while lowering its price target modestly to $102 from $104. The revised target still implies substantial upside from recent trading levels, suggesting the firm expects earnings and shareholder returns to improve despite near-term uncertainty. UBS adjusts Wells Fargo price target
• Positive Sentiment: Investors are positioning ahead of the quarterly report. Wells Fargo’s previous quarter included $1.96 in adjusted EPS and $22.62 billion in revenue, both above expectations, with revenue up 8.6% year over year. Another earnings beat could reinforce the bullish analyst view. Wells Fargo third-quarter earnings announcement
• Neutral Sentiment: Wells Fargo is set to report third-quarter results on October 13. The event is a near-term catalyst, but the stock’s next major move will likely depend on guidance for margins, loan growth, credit quality and capital returns. Wells Fargo quarterly earnings
• Negative Sentiment: Wells Fargo’s mortgage-servicer ratings were downgraded following a portfolio shift. The change could raise concerns about servicing operations and execution, although its direct effect on consolidated earnings is unclear. Wells Fargo servicer ratings downgrade

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Robert W. Baird raised their price target on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. cut their price target on shares of Wells Fargo & Company from $95.50 to $91.50 and set a “neutral” rating on the stock in a report on Friday. UBS Group dropped their target price on shares of Wells Fargo & Company from $104.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Truist Financial boosted their target price on Wells Fargo & Company from $94.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus target price of $99.75.

Institutional Trading of Wells Fargo & Company

Hedge funds have recently added to or reduced their stakes in the stock. Phillip James Consulting Co. purchased a new stake in Wells Fargo & Company in the first quarter worth $28,000. Security National Bank of Sioux City Iowa IA purchased a new stake in Wells Fargo & Company during the second quarter valued at about $28,000. Main Street Group LTD bought a new position in Wells Fargo & Company during the first quarter worth about $29,000. Nemes Rush Group LLC purchased a new position in shares of Wells Fargo & Company in the fourth quarter worth about $30,000. Finally, Dunhill Financial LLC purchased a new position in shares of Wells Fargo & Company in the second quarter worth about $30,000. Institutional investors own 75.90% of the company’s stock.

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio’s 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027.

Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 6th Congressional District. He declared candidacy for the 2026 election.

Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli’s career experience includes working as the director of operations with Rulli Bros. Markets.

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.