Principal Securities Inc. Buys 16,725 Shares of Wells Fargo & Company $WFC

Principal Securities Inc. lifted its stake in shares of Wells Fargo & Company (NYSE:WFC) by 12.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 147,416 shares of the financial services provider’s stock after acquiring an additional 16,725 shares during the period. Principal Securities Inc.’s holdings in Wells Fargo & Company were worth $13,739,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WFC. Brighton Jones LLC lifted its holdings in shares of Wells Fargo & Company by 62.3% during the 4th quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider’s stock worth $4,652,000 after acquiring an additional 25,436 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of Wells Fargo & Company by 12.9% during the 2nd quarter. Jump Financial LLC now owns 22,904 shares of the financial services provider’s stock worth $1,835,000 after acquiring an additional 2,615 shares during the last quarter. Main Street Financial Solutions LLC lifted its holdings in shares of Wells Fargo & Company by 111.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 14,008 shares of the financial services provider’s stock worth $1,122,000 after acquiring an additional 7,368 shares during the last quarter. Vivaldi Capital Management LP lifted its position in Wells Fargo & Company by 5.4% in the 2nd quarter. Vivaldi Capital Management LP now owns 3,229 shares of the financial services provider’s stock worth $259,000 after buying an additional 165 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its position in Wells Fargo & Company by 51.2% in the 2nd quarter. Diversify Advisory Services LLC now owns 25,718 shares of the financial services provider’s stock worth $2,044,000 after buying an additional 8,714 shares during the last quarter. 75.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WFC has been the subject of a number of recent research reports. Truist Financial dropped their target price on Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Monday, April 20th. Jefferies Financial Group initiated coverage on Wells Fargo & Company in a research report on Thursday, March 26th. They issued a “buy” rating and a $100.00 target price for the company. Wall Street Zen downgraded Wells Fargo & Company from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Barclays dropped their target price on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Wells Fargo & Company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.53.

Wells Fargo & Company Trading Up 0.6%

Shares of WFC stock opened at $82.45 on Friday. The stock has a market capitalization of $252.32 billion, a PE ratio of 12.72, a P/E/G ratio of 0.96 and a beta of 0.93. Wells Fargo & Company has a 1-year low of $71.93 and a 1-year high of $97.76. The business has a 50-day moving average of $79.50 and a 200 day moving average of $84.67. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The firm had revenue of $11.62 billion during 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 earnings per share. As a group, sell-side analysts anticipate that Wells Fargo & Company will post 6.84 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio is 27.78%.

More Wells Fargo & Company News

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

• Positive Sentiment: Management reiterated a roughly $50 billion 2026 net interest income target and signaled stronger second-quarter NII, which suggests earnings momentum could improve if loan and deposit trends hold. Wells Fargo’s Long-Dated Funding And NII Outlook Might Change The Case For Investing In WFC
• Positive Sentiment: Wells Fargo continues to attract attention as a dividend stock, reinforcing its appeal for income-focused investors and supporting the valuation case. Why Wells Fargo (WFC) is a Top Dividend Stock for Your Portfolio
• Positive Sentiment: Wells Fargo Advisors’ FiNet unit added a $650 million advisory team from Stifel, a modest sign of franchise growth in wealth management. Wells Fargo’s FiNet Recruits $650 Million Team From Stifel
• Neutral Sentiment: The company also received more supportive coverage around a $1.2 million community grant, which highlights capital-allocation and community-impact efforts but is unlikely to materially move the stock. Wells Fargo Grant Highlights Community Focus And Potential Valuation Upside
• Negative Sentiment: Headlines that the DOJ subpoenaed Wells Fargo in a widening debanking probe add regulatory overhang and could pressure sentiment until there is more clarity. JPMorgan, BofA, Wells Fargo Subpoenaed By DOJ In Trump’s Explosive ‘Debanking’ Crackdown: Report

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.