Edgar Lomax Co. VA Has $11.82 Million Stock Position in Wells Fargo & Company $WFC

Edgar Lomax Co. VA lessened its stake in shares of Wells Fargo & Company (NYSE:WFC) by 22.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 140,985 shares of the financial services provider’s stock after selling 41,135 shares during the quarter. Edgar Lomax Co. VA’s holdings in Wells Fargo & Company were worth $11,817,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in Wells Fargo & Company in the 3rd quarter worth about $27,000. Marquette Asset Management LLC boosted its stake in shares of Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company during the third quarter worth about $30,000. Kilter Group LLC bought a new position in Wells Fargo & Company in the 2nd quarter valued at approximately $31,000. Finally, Main Street Group LTD raised its holdings in Wells Fargo & Company by 36.9% in the 3rd quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock valued at $37,000 after buying an additional 118 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Fed ends the 2018 enforcement order, removing a decade‑long regulatory constraint and reputational overhang that had limited management flexibility on capital returns and growth initiatives — a material structural positive for WFC going forward. Wells Fargo shakes off last Fed consent order Wells Fargo fully sheds Fed’s 2018 enforcement order
• Neutral Sentiment: Multiple outlets confirm the termination (MSN, Seeking Alpha, TMCNet), providing wide coverage but little immediate financial detail; this is a catalytic governance/regulatory development whose full capital‑allocation benefits will show up over quarters. Seeking Alpha: Fed board ends 2018 enforcement action
• Negative Sentiment: Shares slipped amid a broader market selloff tied to escalating conflict in the Middle East and higher mortgage rates (which can hurt mortgage origination volumes and bank trading sentiment); that risk‑off tone is the main reason WFC moved lower today despite the regulatory win. Yahoo Finance Market Minute: Mortgage rates tick up, Fed lifts 2018 enforcement on Wells Fargo
• Negative Sentiment: Political and crypto‑industry headlines calling out banks (social media/pundit commentary) create noise that can exacerbate short‑term sentiment swings, though they are unlikely to change fundamentals. Eric Trump attacks banks over stablecoin yields

Insider Transactions at Wells Fargo & Company

In other news, EVP Bridget E. Engle sold 30,000 shares of Wells Fargo & Company stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $87.10, for a total value of $2,613,000.00. Following the completion of the sale, the executive vice president owned 83,478 shares in the company, valued at $7,270,933.80. The trade was a 26.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ellen R. Patterson sold 60,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the transaction, the executive vice president directly owned 169,496 shares in the company, valued at approximately $14,813,950.40. This represents a 26.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 115,000 shares of company stock valued at $10,050,000 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Wells Fargo & Company Price Performance

WFC stock opened at $82.07 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The firm has a market cap of $253.24 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.91 and a beta of 1.08. The company’s fifty day simple moving average is $89.76 and its 200 day simple moving average is $86.51. Wells Fargo & Company has a 12-month low of $58.42 and a 12-month high of $97.76.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The firm had revenue of $21.29 billion during the quarter, compared to analyst estimates of $21.63 billion. During the same period last year, the company posted $1.43 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio is presently 28.71%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Freedom Capital lowered shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. UBS Group reissued a “buy” rating and issued a $113.00 price objective on shares of Wells Fargo & Company in a research note on Wednesday, February 4th. CICC Research initiated coverage on Wells Fargo & Company in a report on Wednesday, January 14th. They issued a “market perform” rating and a $96.00 price objective for the company. Argus lifted their target price on Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of Wells Fargo & Company in a research report on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.03.

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.