Black Cypress Capital Management LLC Sells 42,239 Shares of Wells Fargo & Company $WFC

Black Cypress Capital Management LLC lowered its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 49.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,427 shares of the financial services provider’s stock after selling 42,239 shares during the quarter. Wells Fargo & Company comprises about 2.8% of Black Cypress Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Black Cypress Capital Management LLC’s holdings in Wells Fargo & Company were worth $4,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WFC. Diversified Trust Co. grew its position in Wells Fargo & Company by 59.7% in the 4th quarter. Diversified Trust Co. now owns 35,285 shares of the financial services provider’s stock worth $3,289,000 after purchasing an additional 13,196 shares during the last quarter. Mawer Investment Management Ltd. acquired a new stake in Wells Fargo & Company in the 3rd quarter worth $147,165,000. Guerra Advisors Inc grew its position in Wells Fargo & Company by 43.2% in the 3rd quarter. Guerra Advisors Inc now owns 38,439 shares of the financial services provider’s stock worth $3,222,000 after purchasing an additional 11,594 shares during the last quarter. AlphaQuest LLC grew its position in Wells Fargo & Company by 1,121.0% in the 3rd quarter. AlphaQuest LLC now owns 24,079 shares of the financial services provider’s stock worth $2,018,000 after purchasing an additional 22,107 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Wells Fargo & Company by 52.7% in the 3rd quarter. UMB Bank n.a. now owns 138,862 shares of the financial services provider’s stock worth $11,639,000 after purchasing an additional 47,946 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Wednesday, April 1st. Morgan Stanley decreased their price target on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. The Goldman Sachs Group decreased their price target on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. UBS Group restated a “buy” rating and issued a $113.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus price target of $97.53.

Wells Fargo & Company Price Performance

Shares of Wells Fargo & Company stock opened at $77.46 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The firm’s 50-day simple moving average is $79.06 and its 200-day simple moving average is $84.91. Wells Fargo & Company has a twelve month low of $71.93 and a twelve month high of $97.76. The firm has a market cap of $237.05 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 0.91 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The business had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. During the same period in the previous year, the business earned $1.39 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that Wells Fargo & Company will post 6.84 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 8th will be given a $0.45 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. Wells Fargo & Company’s payout ratio is 27.78%.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo signaled strong Q2 fee-income growth, with mid-teen investment banking and markets gains plus higher wealth management revenue expected to support results. Wells Fargo Signals Strong Q2 Fee Income Growth at Bernstein Conference
• Positive Sentiment: CEO Charlie Scharf also said Wells Fargo expects investment banking and trading revenue to rise by mid-teen percentages in Q2, reinforcing the view that fee businesses are improving. Wells Fargo CEO sees mid-teens growth in investment banking, trading 2026-05-27
• Neutral Sentiment: Wells Fargo’s Bernstein conference transcript mainly provided more detail on management’s outlook and did not add a major new catalyst beyond the stronger fee-income message. Wells Fargo & Company (WFC) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Broader market commentary showed Goldman Sachs expects record-level M&A activity in 2026, which is constructive for bank deal-making, but this was an industry-wide note rather than a Wells Fargo-specific announcement. GS Expects Record Global M&A in 2026: Will This Boost Its IB Business?
• Negative Sentiment: Some recent commentary remains cautious on Wells Fargo’s upside, with one analysis arguing the bank keeps improving but that the stock’s near-term upside looks limited. Wells Fargo Keeps Improving, But The Upside Looks Weak
• Negative Sentiment: Wells Fargo has also been warning that small-cap market strength may not be sustainable, citing weakening earnings estimates and higher debt levels, which reflects a more cautious macro view. Small-cap stocks are rallying, but here’s why Wells Fargo says its better to sell than buy

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.