Flputnam Investment Management Co. Acquires 8,635 Shares of Wells Fargo & Company $WFC

Flputnam Investment Management Co. increased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 12.0% during the third quarter, Holdings Channel.com reports. The fund owned 80,806 shares of the financial services provider’s stock after purchasing an additional 8,635 shares during the quarter. Flputnam Investment Management Co.’s holdings in Wells Fargo & Company were worth $6,773,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Focused Wealth Management Inc grew its position in shares of Wells Fargo & Company by 89.2% during the 3rd quarter. Focused Wealth Management Inc now owns 4,950 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 2,334 shares in the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of Wells Fargo & Company by 1.3% in the third quarter. Cyndeo Wealth Partners LLC now owns 14,279 shares of the financial services provider’s stock valued at $1,197,000 after buying an additional 190 shares in the last quarter. Quotient Wealth Partners LLC boosted its stake in shares of Wells Fargo & Company by 2.6% in the third quarter. Quotient Wealth Partners LLC now owns 14,969 shares of the financial services provider’s stock valued at $1,255,000 after buying an additional 384 shares during the period. Abound Wealth Management grew its position in Wells Fargo & Company by 5.8% during the third quarter. Abound Wealth Management now owns 2,322 shares of the financial services provider’s stock worth $195,000 after buying an additional 128 shares in the last quarter. Finally, Perpetual Ltd grew its position in Wells Fargo & Company by 8.3% during the third quarter. Perpetual Ltd now owns 9,325 shares of the financial services provider’s stock worth $782,000 after buying an additional 712 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

Wells Fargo & Company stock opened at $93.03 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.07. The stock has a market cap of $292.03 billion, a PE ratio of 15.30, a P/E/G ratio of 0.96 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. The business’s 50-day moving average price is $86.77 and its two-hundred day moving average price is $82.41.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.18. The firm had revenue of $21.44 billion during 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 quarter in the prior year, the business earned $1.42 earnings per share. As a group, analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were given a $0.45 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.9%. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.61%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Wells Fargo & Company from $92.00 to $101.00 and gave the company a “market perform” rating in a research report on Wednesday, December 17th. UBS Group decreased their price target on 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. Cfra Research raised shares of Wells Fargo & Company to a “moderate buy” rating in a research report on Wednesday, October 15th. Cowen reiterated a “hold” rating on shares of Wells Fargo & Company in a research note on Wednesday, October 15th. Finally, Morgan Stanley raised their target price on shares of Wells Fargo & Company from $95.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.04.

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

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.