Canoe Financial LP Buys 12,506 Shares of Wells Fargo & Company $WFC

Canoe Financial LP boosted its stake in Wells Fargo & Company (NYSE:WFC) by 0.4% in the fourth quarter, Holdings Channel reports. The fund owned 2,804,535 shares of the financial services provider’s stock after buying an additional 12,506 shares during the quarter. Wells Fargo & Company makes up about 3.6% of Canoe Financial LP’s holdings, making the stock its 5th biggest holding. Canoe Financial LP’s holdings in Wells Fargo & Company were worth $261,383,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WFC. Redmont Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company during the third quarter worth $27,000. Marquette Asset Management LLC increased its holdings in Wells Fargo & Company by 472.4% during the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in Wells Fargo & Company during the 3rd quarter worth approximately $30,000. Kilter Group LLC acquired a new position in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $31,000. Finally, Imprint Wealth LLC bought a new stake in shares of Wells Fargo & Company in the third quarter worth $31,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Jefferies initiated coverage of WFC with a buy/strong‑buy stance and a ~$100 price target, providing a near‑term analyst endorsement that can support the stock. Jefferies initiates coverage of Wells Fargo with buy
• Positive Sentiment: Wells Fargo announced digital milestones — Fargo® virtual assistant exceeding 1 billion interactions and the mobile app topping 33 million active users — evidence of fee/data opportunities and customer engagement that investors view as a growth/efficiency tailwind. Wells Fargo Reaches Major Digital Milestones
• Neutral Sentiment: Wells Fargo research is active and bullish on large tech themes (e.g., Nvidia data‑center TAM and a bullish take on Alphabet), which signals a healthy research franchise and potential trading/prime brokerage revenue but is indirect for WFC’s own fundamentals. Nvidia Targets $1 Trillion in Data Center Revenue — Wells Fargo Sees 20% Upside
• Neutral Sentiment: For income-oriented investors, comparisons of WFC preferred series (WFC‑D vs WFC‑Y) highlight attractive yields and coverage metrics on certain series — a side-topic that may support buy interest from dividend/preferred buyers even when the common stock is volatile. WFC-D Vs. WFC-Y: Comparing Coupon Extremes
• Negative Sentiment: Geopolitical risk from the Iran conflict is keeping markets jittery; strategists note pullbacks in major indices as oil and inflation risks rise — a macro headwind that often pressures bank shares like WFC. Wall Street Says Stocks Are Too Cheap to Ignore as War Rages On
• Negative Sentiment: Wells Fargo reduced price targets on certain enterprise names (e.g., Gartner) citing the Iran conflict’s hit to enterprise spending — an example of analyst downgrades that reflect weak near‑term IT spend and could depress trading/loan pipelines for banks if corporate capex retrenches. Gartner Price Target Lowered to $140 by Wells Fargo

Wall Street Analyst Weigh In

WFC has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a report on Wednesday, January 21st. UBS Group reiterated a “buy” rating and issued a $113.00 price target on shares of Wells Fargo & Company in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on Wells Fargo & Company from $99.00 to $99.50 and gave the company a “neutral” rating in a research note on Monday, February 9th. TD Cowen reduced their target price on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock 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 report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $96.98.

Wells Fargo & Company Price Performance

WFC opened at $77.23 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 company’s 50-day moving average price is $84.57 and its 200 day moving average price is $86.25. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week high of $97.76. The firm has a market cap of $238.32 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08.

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

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 annualized dividend and a yield of 2.3%. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 28.71%.

Insiders Place Their Bets

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

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.