Wells Fargo & Company $WFC Stock Holdings Lessened by Groupama Asset Managment

Groupama Asset Managment reduced its stake in shares of Wells Fargo & Company (NYSE:WFC) by 22.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,267 shares of the financial services provider’s stock after selling 36,290 shares during the quarter. Groupama Asset Managment’s holdings in Wells Fargo & Company were worth $10,668,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Main Street Group LTD lifted its position in Wells Fargo & Company by 36.9% in the 3rd quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock worth $37,000 after buying an additional 118 shares in the last quarter. D Orazio & Associates Inc. boosted its stake in shares of Wells Fargo & Company by 3.6% during the 3rd quarter. D Orazio & Associates Inc. now owns 3,436 shares of the financial services provider’s stock valued at $288,000 after buying an additional 118 shares during the period. Stonebrook Private Inc. grew its holdings in shares of Wells Fargo & Company by 2.7% during the 3rd quarter. Stonebrook Private Inc. now owns 4,511 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 118 shares in the last quarter. Hidden Cove Wealth Management LLC grew its holdings in shares of Wells Fargo & Company by 2.0% during the 3rd quarter. Hidden Cove Wealth Management LLC now owns 5,948 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 119 shares in the last quarter. Finally, Weaver Consulting Group increased its stake in shares of Wells Fargo & Company by 1.6% in the third quarter. Weaver Consulting Group now owns 7,441 shares of the financial services provider’s stock worth $624,000 after acquiring an additional 119 shares during the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wells Fargo & Company Trading Down 0.2%

Shares of NYSE:WFC opened at $76.11 on Thursday. The stock has a market capitalization of $234.86 billion, a PE ratio of 12.14, a P/E/G ratio of 0.83 and a beta of 1.08. Wells Fargo & Company has a 1 year low of $58.42 and a 1 year high of $97.76. The firm has a fifty day moving average price of $86.54 and a 200 day moving average price of $86.37. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, topping 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 firm had revenue of $21.29 billion for the quarter, compared to the consensus estimate of $21.63 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Wells Fargo & Company’s dividend payout ratio is currently 28.71%.

Key Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo launched a nationwide Housing Affordability Breakthrough Challenge, committing $10 million in grants, technical assistance and mentorship to scalable housing solutions — a reputational and community-investment play that supports franchise goodwill and potential future lending/partnership opportunities. Wells Fargo Launches National Challenge to Uncover Innovative Housing Solutions (Yahoo)
• Positive Sentiment: Wells Fargo’s FiNet channel recruited advisory teams that bring roughly $1.2B in client assets, directly boosting fee revenue and AUM growth in its independent advisory distribution. Wells Fargo’s FiNet Recruits Advisory Teams from UBS, Commonwealth, and Stifel (Yahoo)
• Positive Sentiment: Analysis pieces highlight Wells Fargo’s capital-return strategy and liquidity strength, suggesting the bank may be positioned to sustain dividends and buybacks — a constructive view for income-oriented investors. Is Wells Fargo Well-Positioned to Sustain Its Capital Return Strategy? (Zacks)
• Neutral Sentiment: Wells Fargo filed a trademark for “WFUSD,” hinting at a potential stablecoin initiative that could expand payments and digital-asset services; this is strategic upside but carries regulatory and execution risk. Wells Fargo WFUSD Stablecoin Filing Meets Weak Share Momentum And Valuation (Yahoo)
• Neutral Sentiment: The company designated a new Series GG preferred stock (announcement March 16), a capital-management tool that could be used to optimize funding; impact depends on whether and how much is issued. Wells Fargo Establishes New Series GG Preferred Stock (TipRanks)
• Neutral Sentiment: A former Wells Fargo executive is leading EOS Investors’ new hotel credit strategy — a reminder of talent mobility from the bank but with limited direct impact on WFC’s fundamentals. EOS Investors Launches Hotel Credit Strategy Led by Former Wells Fargo Executive (Yahoo)
• Negative Sentiment: Truist cut its WFC price target from $98 to $94 (while keeping a Buy), trimming upside and reflecting a slightly more cautious view that can pressure sentiment. Truist Lowers PT on Wells Fargo (Benzinga/StreetInsider)
• Negative Sentiment: Sector commentary notes bank stocks acting as a signal for private-credit stress; broader private-credit concerns and any spillovers could weigh on Wells Fargo’s valuation and risk premium. Bank Stocks Are the Canary in the Recession Coal Mine (Barron’s)

Wall Street Analyst Weigh In

WFC has been the subject of a number of research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 price objective on shares of Wells Fargo & Company in a research report on Thursday, January 15th. Barclays upped their target price on Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Argus raised their price target on Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. TD Cowen reduced their price target on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, January 15th. Finally, Keefe, Bruyette & Woods boosted their price target on Wells Fargo & Company from $92.00 to $101.00 and gave the company a “market perform” rating in a research note on Wednesday, December 17th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Wells Fargo & Company presently has an average rating of “Moderate Buy” and an average target price of $96.71.

Insider Activity

In related news, EVP Bridget E. Engle sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the transaction, the executive vice president directly owned 83,478 shares of the company’s stock, valued at approximately $7,270,933.80. This trade represents a 26.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kleber Santos sold 25,000 shares of the business’s stock in a transaction that occurred 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 owned 79,876 shares of the company’s stock, valued at approximately $7,006,722.72. This trade represents a 23.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 115,000 shares of company stock valued at $10,050,000. Insiders own 0.08% of the company’s stock.

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.