Wells Fargo & Company $WFC Shares Purchased by Ally Financial Inc.

Ally Financial Inc. boosted its holdings in Wells Fargo & Company (NYSE:WFC) by 33.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 44,000 shares of the financial services provider’s stock after buying an additional 11,000 shares during the period. Ally Financial Inc.’s holdings in Wells Fargo & Company were worth $4,101,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Arete Wealth Advisors LLC raised its holdings in shares of Wells Fargo & Company by 10.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 32,533 shares of the financial services provider’s stock worth $3,032,000 after purchasing an additional 3,067 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of Wells Fargo & Company by 1.7% in the 4th quarter. Jacobi Capital Management LLC now owns 18,652 shares of the financial services provider’s stock worth $1,738,000 after purchasing an additional 319 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Wells Fargo & Company by 21.1% in the 4th quarter. CreativeOne Wealth LLC now owns 22,287 shares of the financial services provider’s stock worth $2,077,000 after purchasing an additional 3,889 shares during the period. Burton Enright Welch purchased a new position in shares of Wells Fargo & Company in the 4th quarter worth about $669,000. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Wells Fargo & Company by 420.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 90,330 shares of the financial services provider’s stock worth $8,419,000 after purchasing an additional 72,976 shares during the period. 75.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WFC has been the topic of a number of research reports. Evercore restated an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday. Piper Sandler restated an “overweight” rating and issued a $94.00 price objective (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. Jefferies Financial Group initiated coverage on Wells Fargo & Company in a report on Thursday, March 26th. They issued a “buy” rating and a $100.00 price objective on the stock. Finally, KGI Securities downgraded Wells Fargo & Company to a “hold” rating in a report on Thursday, April 16th. Two 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.com, Wells Fargo & Company presently has an average rating of “Moderate Buy” and an average target price of $97.53.

Wells Fargo & Company Stock Performance

Shares of NYSE:WFC opened at $83.67 on Friday. The company has a market cap of $256.05 billion, a P/E ratio of 12.91, a PEG ratio of 0.98 and a beta of 0.93. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. Wells Fargo & Company has a one year low of $71.93 and a one year high of $97.76. The business’s 50-day simple moving average is $79.56 and its 200 day simple moving average is $84.66.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.58 by $0.02. The business had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. On average, sell-side analysts forecast that Wells Fargo & Company will post 6.84 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 issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 27.78%.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo highlighted its balance-sheet strategy and said it expects about $50 billion in net interest income for 2026, supported by loan and deposit trends. That reinforces the bank’s earnings outlook and may be helping sentiment on the stock. Wells Fargo’s Long-Dated Funding And NII Outlook Might Change The Case For Investing In WFC
• Positive Sentiment: Analysts and market commentary continue to point to WFC as an attractive dividend stock, which can support demand for the shares among income-focused investors. Why Wells Fargo (WFC) is a Top Dividend Stock for Your Portfolio
• Positive Sentiment: Wells Fargo announced a $1 million donation to support skilled trades training and workforce development in Pennsylvania, a reputationally positive move that underscores its community investment efforts. Wells Fargo Pledges $1 Million Donation Toward Skilled Trades in Pennsylvania
• Neutral Sentiment: Wells Fargo is also being mentioned in connection with Tilly’s extending a credit agreement with the bank. This is more of a client-services headline than a direct stock-moving catalyst for WFC. Tilly’s Extends Credit Agreement Maturity with Wells Fargo
• Negative Sentiment: Wells Fargo was named in a DOJ subpoena related to Trump-era “debanking” claims, which adds regulatory overhang and could weigh on the stock if the probe broadens or creates legal costs. JPMorgan, BofA, Wells Fargo Subpoenaed By DOJ In Trump’s Explosive ‘Debanking’ Crackdown: Report
• Neutral Sentiment: A video discussing summer food inflation referenced Wells Fargo’s Agri-Food Institute, but it appears more macroeconomic and consumer-focused than directly tied to WFC’s fundamentals. Best ways to barbecue on a budget this summer

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.