Capital Asset Advisory Services LLC Sells 10,841 Shares of Wells Fargo & Company $WFC

Capital Asset Advisory Services LLC trimmed its holdings in Wells Fargo & Company (NYSE:WFC) by 29.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,932 shares of the financial services provider’s stock after selling 10,841 shares during the period. Capital Asset Advisory Services LLC’s holdings in Wells Fargo & Company were worth $2,126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Wells Fargo & Company in the fourth quarter valued at $4,512,563,000. Capital Research Global Investors raised its stake in shares of Wells Fargo & Company by 18.6% during the 3rd quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock valued at $2,989,104,000 after purchasing an additional 5,584,930 shares during the period. Mawer Investment Management Ltd. lifted its holdings in Wells Fargo & Company by 177.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 4,876,127 shares of the financial services provider’s stock worth $454,455,000 after purchasing an additional 3,120,399 shares in the last quarter. Danske Bank A S purchased a new stake in Wells Fargo & Company during the 3rd quarter worth about $215,638,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Wells Fargo & Company by 13.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock worth $1,922,257,000 after purchasing an additional 2,369,260 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Morgan Stanley raised its price target on Wells Fargo to $102 from $97, signaling room for further upside even after the recent bank-sector rally. Morgan Stanley Raises its Price Target on Wells Fargo (WFC)
• Positive Sentiment: Wells Fargo passed the Fed’s 2026 stress test and is expected to raise its dividend by about 11% while continuing share buybacks, reinforcing the bank’s capital-return story. Wells Fargo’s Robust Capital Return Strategy: What’s Driving It?
• Positive Sentiment: Another report said Wells Fargo and other large banks plan double-digit dividend increases after clearing the Fed stress test, which may attract income-focused investors. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test (WFC)
• Neutral Sentiment: Media coverage has highlighted that investors are heavily searching Wells Fargo stock, reflecting rising attention ahead of results but not a clear fundamental catalyst. Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
• Neutral Sentiment: Analysts say Wells Fargo still trails elite peers on return on equity and faces falling net interest margins, but earnings could change the narrative if lending volumes and profits surprise higher. Wells Fargo Stock Has Lagged Other Banks. Earnings Can Change That.
• Neutral Sentiment: Barron’s said the stock looks inexpensive ahead of earnings, suggesting valuation support rather than a direct near-term catalyst. Wells Fargo Stock Has Lagged Other Banks. Earnings Can Change That.

Analysts Set New Price Targets

A number of research firms have weighed in on WFC. Barclays reduced their target price on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Piper Sandler reissued an “overweight” rating and issued a $94.00 price target (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. JPMorgan Chase & Co. cut their price objective on shares of Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Keefe, Bruyette & Woods reduced their price objective on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a research note on Wednesday, April 15th. Finally, Evercore reaffirmed an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.34.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $85.93 on Thursday. The stock has a market cap of $262.96 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.95 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. The business has a 50-day simple moving average of $79.87 and a 200 day simple moving average of $84.27. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last released its quarterly 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 return on equity of 13.27% and a net margin of 17.26%.The firm had revenue of $11.62 billion for the quarter, compared to analysts’ expectations of $21.85 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. On average, research analysts forecast that Wells Fargo & Company will post 6.98 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 27.78%.

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.