Wells Fargo & Company $WFC Shares Sold by Bank of Stockton

Bank of Stockton cut its stake in shares of Wells Fargo & Company (NYSE:WFC) by 27.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 41,182 shares of the financial services provider’s stock after selling 15,931 shares during the period. Wells Fargo & Company comprises approximately 1.0% of Bank of Stockton’s portfolio, making the stock its 20th largest holding. Bank of Stockton’s holdings in Wells Fargo & Company were worth $3,278,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Horst & Graben Wealth Management LLC increased its holdings in Wells Fargo & Company by 67.9% in the first quarter. Horst & Graben Wealth Management LLC now owns 5,376 shares of the financial services provider’s stock valued at $433,000 after buying an additional 2,175 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in Wells Fargo & Company by 9.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 14,145 shares of the financial services provider’s stock worth $1,126,000 after buying an additional 1,187 shares during the last quarter. Sather Financial Group Inc boosted its position in shares of Wells Fargo & Company by 2.5% during the 1st quarter. Sather Financial Group Inc now owns 13,480 shares of the financial services provider’s stock worth $1,073,000 after acquiring an additional 323 shares in the last quarter. Burney Co. boosted its position in shares of Wells Fargo & Company by 1.5% during the 1st quarter. Burney Co. now owns 97,318 shares of the financial services provider’s stock worth $7,748,000 after acquiring an additional 1,399 shares in the last quarter. Finally, Swedbank AB increased its holdings in shares of Wells Fargo & Company by 4.8% in the 1st quarter. Swedbank AB now owns 1,261,842 shares of the financial services provider’s stock valued at $100,455,000 after acquiring an additional 57,988 shares during the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Bank of America raised its price target on Wells Fargo to $102 and reiterated a buy rating, signaling confidence in upside potential for the shares.
• Positive Sentiment: UBS also nudged its price target higher to $104 while keeping a buy rating, reinforcing Wall Street’s constructive view on the bank.
• Positive Sentiment: Wells Fargo Advisors recruited a $1.7 billion advisory team from RBC Capital Markets, a move that could add assets, client relationships, and fee revenue. Wells Fargo Recruits $1.7 Billion Advisor Team From RBC Capital Markets
• Positive Sentiment: Analysts expect Wells Fargo’s second-quarter earnings to show growth, and broader financial-sector strength into earnings season is supporting the group. Financials Stocks Are Charging Into Q2 Earnings. Why Wall Street Sees More Gains Ahead
• Neutral Sentiment: Wells Fargo confirmed it will report second-quarter 2026 earnings on July 14, keeping investors focused on the upcoming results. Wells Fargo to Announce Second Quarter 2026 Earnings on July 14, 2026
• Negative Sentiment: Some reports said banks are exploring a way to work around debit-card fee limits and may consider buying Fiserv’s debit network; while potentially beneficial for banks, the news is also tied to pressure on payment-network economics and could create regulatory scrutiny. Banks seek work-around on debit card fee limits

Wall Street Analyst Weigh In

Several brokerages have commented on WFC. Phillip Securities upgraded shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. UBS Group reduced their price objective on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday. Bank of America upped their target price on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus target price of $98.34.

Wells Fargo & Company Trading Down 0.3%

NYSE WFC opened at $87.15 on Wednesday. The firm’s fifty day moving average is $80.34 and its two-hundred day moving average is $84.10. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76. 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 has a market cap of $266.69 billion, a PE ratio of 13.45, a P/E/G ratio of 1.01 and a beta of 0.92.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The firm had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.39 earnings per share. Analysts expect that Wells Fargo & Company will post 6.98 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 27.78%.

About Wells Fargo & Company

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.