Strategic Investment Advisors MI Has $1.21 Million Position in Wells Fargo & Company $WFC

Strategic Investment Advisors MI grew its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 81.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,135 shares of the financial services provider’s stock after buying an additional 6,776 shares during the quarter. Strategic Investment Advisors MI’s holdings in Wells Fargo & Company were worth $1,205,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Godfrey Financial Associates Inc. acquired a new position in Wells Fargo & Company during the fourth quarter valued at approximately $25,000. Miller Capital Partners Inc. bought a new position in Wells Fargo & Company in the fourth quarter valued at approximately $25,000. Navalign LLC acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $26,000. Joseph Group Capital Management acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $28,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $29,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Wells Fargo raised its quarterly dividend to $0.50 per share from $0.45, an 11.1% increase. The dividend implies an annualized payout of $2.00 per share and a yield of approximately 2.4%, potentially improving the stock’s appeal to income-focused investors. The ex-dividend date is August 7, with payment scheduled for September 1. Wells Fargo dividend announcement
• Positive Sentiment: JPMorgan raised its price target for WFC from $93.50 to $95.50, indicating meaningful potential upside from recent trading levels. Although JPMorgan maintained a “neutral” rating, the higher target reflects improved valuation expectations. JPMorgan raises Wells Fargo price target
• Positive Sentiment: Strong second-quarter results from major U.S. banks, driven by trading, lending, and investment-banking activity, are supporting sentiment across financial stocks and may reinforce expectations for solid operating trends at Wells Fargo. Big banks deliver strong second-quarter results
• Neutral Sentiment: Wells Fargo analysts remain active in the market, including a Buy reiteration on Waystar after strong results and a guidance increase. This highlights the firm’s research visibility but has no direct earnings impact on WFC. Wells Fargo analyst reiterates Waystar Buy rating
• Negative Sentiment: WFC recently underperformed its banking peers and has lagged the broader market over the past year, signaling that investors remain cautious despite the dividend increase and higher price target. Wells Fargo underperforms competitors

Wall Street Analyst Weigh In

WFC has been the subject of several recent analyst reports. Piper Sandler reissued 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. Barclays lowered their target price on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Keefe, Bruyette & Woods cut their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating for the company in a research note on Wednesday, July 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.61.

Wells Fargo & Company Price Performance

NYSE:WFC opened at $85.39 on Friday. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76. The firm has a market capitalization of $258.21 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.91 and a beta of 0.92. The stock’s 50 day moving average price is $83.57 and its two-hundred day moving average price is $83.14. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09.

Wells Fargo & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 7th. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s payout ratio is presently 26.16%.

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.