First American Trust FSB Sells 141,660 Shares of Wells Fargo & Company $WFC

First American Trust FSB decreased its position in Wells Fargo & Company (NYSE:WFC) by 83.8% during the third quarter, HoldingsChannel.com reports. The firm owned 27,365 shares of the financial services provider’s stock after selling 141,660 shares during the quarter. First American Trust FSB’s holdings in Wells Fargo & Company were worth $2,294,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Access Investment Management LLC purchased a new position in Wells Fargo & Company in the second quarter worth about $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company during the third quarter valued at approximately $27,000. Marquette Asset Management LLC raised its holdings in Wells Fargo & Company by 472.4% in the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Wells Fargo & Company in the 3rd quarter valued at approximately $30,000. Finally, Kilter Group LLC purchased a new stake in Wells Fargo & Company during the 2nd quarter valued at $31,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $85.06 on Tuesday. The firm’s 50 day moving average price is $91.33 and its 200-day moving average price is $86.32. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $267.01 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 0.97 and a beta of 1.09.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company had revenue of $11.97 billion during the quarter, compared to analyst estimates of $21.63 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 6th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. Wells Fargo & Company’s payout ratio is presently 28.71%.

Key Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo hired a $3.1 billion advisory team from J.P. Morgan, a move that can immediately boost investment-banking revenue and client relationships if the team brings mandates and fees. Read More.
• Positive Sentiment: The bank named Dennis Devine as head of Business Banking (serving firms up to $25M in sales); leadership hires can improve execution and client retention in a strategic segment for fee and deposit growth. Read More.
• Neutral Sentiment: Wells Fargo research is active: analysts upgraded Alphabet/Google and reiterated/raised views on other tech names (CoreWeave) and raised outlooks on coverage names — this highlights an active research franchise but has limited direct near-term impact on WFC’s fundamentals beyond trading and research revenue. Read More.
• Neutral Sentiment: The firm’s analyst notes on growth-tech and healthcare (e.g., CoreWeave, Cardinal Health) signal continued investment-banking and research activity, which supports noninterest income but is incremental and timing-dependent. Read More.
• Negative Sentiment: Negative publicity and potential operational/regulatory risk from a widely reported fraud case: a 90‑year‑old customer lost $814K and Wells Fargo denies the claim — such incidents raise reputational, compliance and possible litigation concerns. Read More.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial decreased their price target on Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Freedom Capital downgraded Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Robert W. Baird upgraded shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 target price on the stock in a research note on Friday, February 13th. Keefe, Bruyette & Woods lifted their price target on shares of Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 17th. Finally, Evercore lowered their price objective on shares of Wells Fargo & Company from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $97.03.

Insider Activity at Wells Fargo & Company

In other news, EVP Kleber Santos sold 25,000 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $87.72, for a total value of $2,193,000.00. Following the completion of the sale, the executive vice president directly owned 79,876 shares in the company, valued at $7,006,722.72. This represents a 23.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.08% of the stock is owned by company insiders.

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.