BDF Gestion Sells 8,606 Shares of Wells Fargo & Company $WFC

BDF Gestion reduced its stake in Wells Fargo & Company (NYSE:WFC) by 17.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 41,394 shares of the financial services provider’s stock after selling 8,606 shares during the quarter. BDF Gestion’s holdings in Wells Fargo & Company were worth $3,470,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WFC. Access Investment Management LLC bought a new position in shares of Wells Fargo & Company during the 2nd quarter valued at approximately $25,000. CBIZ Investment Advisory Services LLC grew its holdings in Wells Fargo & Company by 585.5% during the first quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 322 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new stake in Wells Fargo & Company in the second quarter worth $27,000. 1248 Management LLC bought a new stake in shares of Wells Fargo & Company in the first quarter valued at $31,000. Finally, Kilter Group LLC bought a new stake in shares of Wells Fargo & Company in the second quarter valued at $31,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $93.03 on Friday. The company has a 50 day moving average of $86.77 and a 200 day moving average of $82.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. The stock has a market cap of $292.03 billion, a P/E ratio of 15.30, a P/E/G ratio of 0.95 and a beta of 1.11. Wells Fargo & Company has a 12 month low of $58.42 and a 12 month high of $94.26.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.18. The business had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.11 billion. Wells Fargo & Company had a net margin of 17.18% and a return on equity of 12.51%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 EPS. As a group, sell-side analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, November 7th. Wells Fargo & Company’s payout ratio is presently 29.61%.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on WFC to $101, signaling analyst confidence in earnings/valuation upside. Keefe, Bruyette & Woods Increases Wells Fargo & Company (NYSE:WFC) Price Target to $101.00
• Positive Sentiment: WSJ reports Wells Fargo’s investment banking franchise is having a best-ever year, boosting fee pipeline and potential higher non-interest income. Strong deal flow is a positive revenue catalyst. Wells Fargo’s Investment Bankers Are Having Their Best Year Ever
• Positive Sentiment: Ares Commercial expanded a Wells Fargo repurchase lending facility, which could generate incremental lending activity and fee revenue tied to repo operations. Ares Commercial Expands Wells Fargo Repurchase Lending Facility
• Neutral Sentiment: Senator Mitch McConnell disclosed a purchase of WFC shares in a STOCK Act filing — notable for optics and retail attention but not a direct company operational signal. Congress Trade: Senator Mitch McConnell Just Disclosed New Stock Trades
• Neutral Sentiment: Elevated investor attention and options activity point to higher short-term volatility and positioning; useful to monitor flows but ambiguous for direction. Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
• Neutral Sentiment: Benzinga pieces on short interest and options trading provide detail on bearish positioning and derivatives flows—important for traders but not definitive on fundamentals. Looking Into Wells Fargo & Co’s Recent Short Interest Unpacking the Latest Options Trading Trends in Wells Fargo
• Negative Sentiment: Wells Fargo disclosed an SEC investigation into its cash sweeps option—this is the most material near-term risk cited today because regulatory findings could lead to fines, remediation costs, or reputational damage. Wells Fargo discloses an SEC investigation into cash sweeps option
• Negative Sentiment: Market-note: a recent Zacks story highlights a modest intraday price drop and short-term weakness despite broader market gains, underscoring near-term volatility. Wells Fargo (WFC) Stock Drops Despite Market Gains: Important Facts to Note

Analyst Upgrades and Downgrades

WFC has been the subject of several recent research reports. Truist Financial lifted their price objective on Wells Fargo & Company from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. Dbs Bank upgraded shares of Wells Fargo & Company to a “moderate buy” rating in a research report on Tuesday, October 21st. UBS Group lowered their price target on shares of Wells Fargo & Company from $95.00 to $93.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. TD Cowen raised their price objective on shares of Wells Fargo & Company from $90.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Bank of America lifted their price objective on shares of Wells Fargo & Company from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.04.

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.