Wells Fargo & Company $WFC Stock Sold by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG decreased its holdings in Wells Fargo & Company (NYSE:WFC) by 4.6% in the third quarter, Holdings Channel.com reports. The firm owned 659,338 shares of the financial services provider’s stock after selling 32,051 shares during the period. Wells Fargo & Company makes up approximately 1.0% of Bank Pictet & Cie Europe AG’s investment portfolio, making the stock its 26th biggest position. Bank Pictet & Cie Europe AG’s holdings in Wells Fargo & Company were worth $52,780,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capstone Financial Advisors Inc. raised its position in Wells Fargo & Company by 3.5% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,354 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 113 shares during the period. MFA Wealth Services lifted its stake in Wells Fargo & Company by 0.7% in the second quarter. MFA Wealth Services now owns 16,712 shares of the financial services provider’s stock worth $1,381,000 after purchasing an additional 115 shares during the last quarter. Hidden Cove Wealth Management LLC boosted its position in Wells Fargo & Company by 1.8% during the second quarter. Hidden Cove Wealth Management LLC now owns 6,846 shares of the financial services provider’s stock valued at $566,000 after buying an additional 124 shares during the period. Essex Bank boosted its position in Wells Fargo & Company by 0.8% during the first quarter. Essex Bank now owns 16,173 shares of the financial services provider’s stock valued at $1,288,000 after buying an additional 125 shares during the period. Finally, Five Oceans Advisors boosted its position in Wells Fargo & Company by 3.6% during the second quarter. Five Oceans Advisors now owns 3,625 shares of the financial services provider’s stock valued at $300,000 after buying an additional 125 shares during the period. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Down 0.1%

Shares of NYSE WFC traded down $0.06 during mid-day trading on Tuesday, hitting $81.74. The stock had a trading volume of 7,722,758 shares, compared to its average volume of 16,150,498. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.89. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The business has a 50 day moving average price of $85.14 and a two-hundred day moving average price of $83.36. The firm has a market cap of $247.18 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 0.90 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. The company had revenue of $21.87 billion during the quarter, compared to analyst estimates of $22.30 billion. Wells Fargo & Company had a net margin of 17.64% and a return on equity of 14.05%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 EPS. On average, equities analysts anticipate that Wells Fargo & Company will post 7.28 EPS for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were given a $0.50 dividend. The ex-dividend date was Friday, August 7th. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. Wells Fargo & Company’s dividend payout ratio is presently 28.21%.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Wells Fargo plans to launch a stablecoin in the first half of 2027 for cross-border payments and digital-asset settlements. The initiative could strengthen the bank’s blockchain capabilities, create new payment opportunities and improve its competitive position in digital finance. Wells Fargo’s Stablecoin Push: A Potential Edge in Digital Payments?
• Positive Sentiment: Wells Fargo provided or arranged $1.275 billion in senior secured financing for Belk. The transaction highlights the bank’s commercial-lending activity and could generate interest and fee income, although it also adds exposure to the retailer’s credit performance. Belk Secures $1.275 Billion in New Financing from Wells Fargo and Pathlight Capital
• Positive Sentiment: A bullish CNBC commentary argues that Wells Fargo’s turnaround still has momentum, potentially reinforcing investor interest in the bank’s recovery and capital-return story. Wells Fargo’s comeback is just getting started
• Neutral Sentiment: Large banks are taking additional losses while resolving troubled commercial real-estate loans, but declining nonperforming and nonaccrual balances suggest that credit cleanup is progressing. The effect on WFC is mixed in the near term. Big Banks Take Bigger CRE Losses As They Clear Out Problem Loans
• Negative Sentiment: The NAHB/Wells Fargo Housing Market Index fell more than expected to 29, its lowest level in 14 years. Persistently weak builder sentiment may signal softer mortgage demand and broader housing-related pressure for Wells Fargo. U.S. Housing Market Index Drops To Fourteen-Year Low In October

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WFC shares. HSBC began coverage on Wells Fargo & Company in a research note on Monday, September 28th. They set a “buy” rating and a $108.00 price objective on the stock. Royal Bank Of Canada lowered their target price on Wells Fargo & Company from $100.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. Bank of America increased their target price on Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. dropped their target price on Wells Fargo & Company from $95.50 to $91.50 and set a “neutral” rating for the company in a report on Friday, October 2nd. Finally, Citigroup reduced their price target on Wells Fargo & Company from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.08.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified financial services company that provides banking, lending, investment, and financial management services to individuals, businesses, and institutions. Its offerings include deposit accounts, residential and commercial lending, credit cards, payments, treasury management, and other banking products.

The company also provides wealth and investment management services, including financial planning, brokerage, advisory, and private banking solutions.