Formidable Asset Management LLC Acquires 6,381 Shares of Wells Fargo & Company $WFC

Formidable Asset Management LLC increased its stake in Wells Fargo & Company (NYSE:WFC) by 100.8% during the 4th quarter, Holdings Channel reports. The firm owned 12,714 shares of the financial services provider’s stock after purchasing an additional 6,381 shares during the quarter. Formidable Asset Management LLC’s holdings in Wells Fargo & Company were worth $1,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new position in shares of Wells Fargo & Company in the 3rd quarter worth $27,000. Marquette Asset Management LLC lifted its holdings in shares of Wells Fargo & Company by 472.4% during 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 stake in shares of Wells Fargo & Company during the 3rd quarter worth $30,000. Kilter Group LLC purchased a new position in Wells Fargo & Company in the second quarter worth $31,000. Finally, Imprint Wealth LLC purchased a new position in Wells Fargo & Company in the third quarter worth $31,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wells Fargo & Company

In related news, EVP Kleber Santos sold 25,000 shares of the company’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 sale, the executive vice president 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 filing with the SEC, which is available at this hyperlink. Also, EVP Ellen R. Patterson sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of the sale, the executive vice president owned 169,496 shares in the company, valued at $14,813,950.40. The trade was a 26.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 115,000 shares of company stock valued at $10,050,000. Corporate insiders own 0.08% of the company’s stock.

Wells Fargo & Company Trading Up 0.2%

NYSE:WFC opened at $80.75 on Friday. The company has a 50-day moving average price of $83.94 and a 200-day moving average price of $86.17. Wells Fargo & Company has a 12 month low of $58.42 and a 12 month high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05. The stock has a market cap of $249.17 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.86 and a beta of 1.06.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly 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 $21.29 billion for the quarter, compared to analysts’ expectations of $21.63 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. Wells Fargo & Company’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 6th were given a dividend of $0.45 per share. The ex-dividend date was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. Wells Fargo & Company’s payout ratio is currently 28.71%.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: HSBC upgraded WFC from “hold” to “buy” with a $94 price target, giving the stock a near-term positive catalyst and supporting the rally. Article Title
• Neutral Sentiment: Zacks notes rising investor attention in WFC (analysis/flow of interest rather than new fundamental news); this can amplify moves but is not a direct fundamental catalyst. Article Title
• Neutral Sentiment: Wells Fargo analysts trimmed coverage/price targets on other large names (Fiserv, Meta) this week—a sign the firm’s research desks are re‑calibrating multiples across sectors rather than issuing bank‑specific downgrades; this creates mixed headline flow for investors tracking analyst activity. Article Title Article Title
• Negative Sentiment: Morgan Stanley lowered its price target on WFC to $100 — a downward revision that injects some selling pressure and offsets part of the HSBC-driven buying. Article Title
• Negative Sentiment: Wells Fargo’s own equity team lowered its year‑end S&P 500 target and its strategist Ohsung Kwon warned markets will remain volatile in coming months—comments that strengthen a risk‑off backdrop and can cap upside for bank stocks broadly. Article Title Article Title

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Robert W. Baird raised shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price target on the stock in a research note on Friday, February 13th. HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday. Evercore reaffirmed an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. UBS Group reiterated a “buy” rating and issued a $113.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Finally, TD Cowen lowered their price target on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.13.

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.